STRUCTURAL CHANGES AND ECONOMIC GROWTH IN PAKISTAN
Muhammad Akram Gilal*,
Muhammad Ajmair** and
Sohail Farooq*** ()
Pakistan Journal of Applied Economics, 2019, vol. 29, issue 1, 35-51
Over the time period, the structure of the economy does not remain same. This study examines the interaction between economic growth and its determinants for Pakistan. Since fixed parameter approaches do not take into account effect of structural changes on parameter constancy, the study employs Kalman Filter based time-varying parameter approach for the empirical analysis. Result shows significant effect of inflation, gross fixed capital formation, gross national expenditures and remittances received on economic growth of the country. However, the effect of significant macroeconomic determinants on growth process of the country is not constant but time-varying.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pje:journl:article29sumii
Access Statistics for this article
More articles in Pakistan Journal of Applied Economics from Applied Economics Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Samina Khalil ().