Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2131591
Investigating the asymmetrical influence of foreign direct investment, remittances, reserves, and information and communication technology on Pakistan’s economic development
Abdul Rehman
Magdalena Radulescu
Fayyaz Ahmad
Muhammad Kamran Khan
Silvia Elena Iacob
Laura Mariana Cismas
Sažetak
The study used an asymmetric ARDL model to analyse the asymmetric
(positive and negative shocks) impact of foreign direct
investment, personal remittances, total reserves, gross savings,
and information and communication technology on economic
growth in Pakistan from 1976 to 2019. The short-run and longrun
results of the asymmetric autoregressive distributed lag
approach show that total reserves have a negative and non-significant
influence on Pakistan’s economic growth. Similarly, the
results of asymmetric ARDL show that positive shocks in personal
remittances have a positive and significant influence on Pakistan’s
economic growth, but negative shocks have a negative and nonsignificant
impact in both the long-run and short-run. The findings
of the gross savings show that a positive shock has a favourable
and non-significant impact on economic growth in both the
long-run and short-run. The investigated outcomes of foreign direct
investment show that positive shocks have a detrimental and
considerable impact on the economy of Pakistan in both the
long-run and short-run. Furthermore, information and communication
technology has a negative impact on economic growth in
both the long-run and short-run. The government of Pakistan
may adopt better policies to build the country’s infrastructure by
employing foreign investment more effectively.
Ključne riječi
Foreign direct investment; remittances; foreign aid; reserves; information technology; asymmetric analysis
Hrčak ID:
306680
URI
Datum izdavanja:
30.4.2023.
Posjeta: 233 *