INVESTIGATING THE EFFECT OF FOREIGN DIRECT INVESTMENT (FDI) AND FOREIGN REMITTANCES ON ECONOMIC GROWTH IN PAKISTAN (1990-2018): A TIME SERIES ANALYSIS USING ARDL MODEL APPROACH

Shakil Ahmad and Muhammad Waqas Khan
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Shakil Ahmad: Department of Economics Abdul Wali Khan University Timergara Campus, KPK, Pakistan
Muhammad Waqas Khan: University of Malakand, Chakdara, KPK, Pakistan.

Bulletin of Business and Economics (BBE), 2021, vol. 10, issue 3, 1-7

Abstract: This study is conducted to find the effect of foreign remittances, foreign direct investment (FDI) on economic growth in Pakistan. Time series data is used which is covering from 1990 to 2018, collected from the world development indicator data bank. ARDL bound test is used in which GDP is dependent variable while foreign remittance and foreign direct investment (FDI) are independent variables. The form the Auto Regressive Distribution Lag (ARDL) model suggest that there is long run relationship between FDI, foreign remittance and economic growth of Pakistan.

Keywords: Foreign Direct Investment (FDI); Foreign Remittances; Economic Growth (search for similar items in EconPapers)
JEL-codes: F21 F24 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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