Infrastructural Investments and Economic Growth: Evidence from Pakistan

Muhammad Ayub, Rabia Rasheed, Rashid Ahmad and Furrukh Bashir

Journal of Business and Social Review in Emerging Economies, 2021, vol. 7, issue 3, 591-598

Abstract: Purpose: The goal of this study is to make an attempt to find out the relationships between infrastructural investments and economic growth.Design/Methodology/Approach: The study employs time series data over the years from 1972 to 2020. To observe the long-run and short-run impact of infrastructural investments on economic growth, an ARDL modeling approach to co- integration is used that is most suitable technique over some other techniques of integration after inspecting the stationary level of data via ADF test.Findings: The findings of the study indicate that Investments on Railways, Roads, Gas Projects, Telecommunication, Water Projects and Power Projects appear as efficient factors for enhancing economic growth of Pakistan in the long run.Implications/Originality/Value: It is suggested that government should increase the public and private investment for development of Railways, Roads, Telecommunication and Water projects in Pakistan.

Keywords: Investment in Water Projects; Investment in Telecom; Investment in Gas Projects; Investment in Roads Projects; Investment in Railways (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:src:jbsree:v:7:y:2021:i:3:p:591-598

DOI: 10.26710/jbsee.v7i3.1845

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