A Study on Influence of Domestic Investment on the Economic Growth during 1980-2016

Journal of global health economics and policy Pub Date : 2018-01-01 DOI:10.4172/2375-4389.1000302

M. Saleem, Rummana Zaheer

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引用次数: 5

Abstract

Domestic investment performs a significant role to influence the economic growth in the society of Pakistan. The enhancement of economic development depends on domestic investment of the society. Labor force and investment show the productivity of an economy. Secondary data has been accumulated from the World Development Indicators (WDI) during of 1980 to 2016 to trace out the effect of the domestic investment on economic growth. The stationarity of data of domestic investment, exports, labor force, and economic growth are examined by applying Augment Dicky Fuller (ADF) test. Moreover, Johansen Co-integration test is used to determine the long-run association between domestic investment and economic growth. Error Correction Model (ECM) test was employed to scrutinize the short-run relationship between economic growth and domestic investment. The findings showed that exports positively influence on economic growth. Besides this, domestic investment and labor force negatively affect the economic growth. So, due to lack of skilled labor force and deficiency of proper investment, the share of the labor force and domestic investment have an insignificant impact on the economic growth in the society. Citation: Saleem M, Zaheer R (2018) A Study on Influence of Domestic Investment on the Economic Growth during 1980-2016. J Glob Econ 6: 302. doi: 10.4172/2375-4389.1000302

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1980-2016年国内投资对经济增长的影响研究

国内投资在影响巴基斯坦社会的经济增长方面发挥着重要作用。经济发展的加速依赖于社会的国内投资。劳动力和投资反映了一个经济体的生产力。从世界发展指标(WDI)中积累1980 - 2016年的二次数据，追踪国内投资对经济增长的影响。运用ADF检验检验了国内投资、出口、劳动力和经济增长数据的平稳性。此外，采用约翰森协整检验来确定国内投资与经济增长之间的长期相关性。采用误差修正模型(ECM)检验检验经济增长与国内投资的短期关系。结果表明，出口对经济增长有积极影响。此外，国内投资和劳动力对经济增长也有负面影响。因此，由于缺乏熟练劳动力和缺乏适当的投资，劳动力份额和国内投资对社会经济增长的影响不显著。引用本文:Saleem M, Zaheer R(2018) 1980-2016年国内投资对经济增长的影响研究。[J]世界经济，6(6):393。doi: 10.4172 / 2375 - 4389.1000302

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Journal of global health economics and policy

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