GENERAL DIAGNOSTIC TEST FOR SUSTAINABLE ECONOMIC GROWTH MULTI DEPENDENT PANELS: A STUDY OF PAK-US TRADE

Muhammad Naveed Jamil, Khadija Shahzad and Aliya Jabeen
Additional contact information
Muhammad Naveed Jamil: Institute of Business Administration, Khwaja Fareed University of Engineering & Information Technology, Rahim Yar Khan, Pakistan
Khadija Shahzad: MS Leadership & Management, Islamia University Bahawalpur, Pakistan
Aliya Jabeen: Department of Economics and finance, International Islamic University Islamabad, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 2, 332-338

Abstract: The basic purpose of this study to General Diagnostic test for Sustainable Economic Growth Multi Dependent Panels of Cross Section. The two sample models are using USA import from Pakistan impact on USA economy and Pakistan export to USA impact on Pakistan economy with multi macroeconomic dependent variables of each country for the period of 2012 to 2021 and examine through a new General Diagnostic test of Cross-section diagnostic test (CSDT) that highly recommended for future examination of research data. The Results showing the high impact Import on US Macroeconomic variables and Export on Pakistan Macroeconomic variables that influencing the country economy. The Cross-section diagnostic test (CSDT) result also indicates each macroeconomic dependent variable of a country highly influenced by import and export. Like Pakistan face balance of payment issue and export helping indicator and USA shortage of agricultural product, dairy and natural resources production, import strengthen the usage (meet the need), standard living and economy. Research implications are very clear import and export of a country is highly significant that meet the need of financial and usage of a country. This study has two main recommendations. First, strongly recommends for Policy maker more focus on exports with the help of country resources and meet the need of country. Second, the study is strongly recommended to research institution, and research scholar the new General Diagnostic test Multi Dependent Panels of Cross Section (for Sustainable Economic Growth) is suggested to use for future examination of research data.

Keywords: General Diagnostic test; Cross-Section Diagnostic Test; Pak-US Economy (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://bbejournal.com/BBE/article/view/496/393 (application/pdf)
https://bbejournal.com/BBE/article/view/496 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:2:p:332-338

DOI: 10.61506/01.00006

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().