An Analysis of Global Integration and Economic Growth Nexus: Evidence from Pakistan

A. Abbasi, Zubia Hussain, Muhammad Tariq Majeed
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Abstract

The following research examines economic growth potential from the perspective of globalization for Pakistan. The empirical results are estimated using the ARDL model over the period 1970 to 2018. The study reports the time before and after the openness to the world. The country opened up its borders quite late in the 80s. The results demonstrate that, in the short term, globalization negatively affects economic growth, but that, in the long run, it boosts economic growth. Globalization has assisted Pakistan's economic progress since the country opened its borders and economy to the rest of the world, but not to too much extent, what it could. Furthermore, research findings demonstrate that government spending and physical capital improve economic growth, however, inflation has a detrimental impact on Pakistan's economic growth.
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全球一体化与经济增长关系分析:来自巴基斯坦的证据
以下研究从全球化的角度考察巴基斯坦的经济增长潜力。使用ARDL模型对1970年至2018年期间的实证结果进行了估计。该研究报告了对世界开放前后的时间。这个国家在80年代后期开放了边境。结果表明,在短期内,全球化对经济增长产生负面影响,但从长期来看,它促进了经济增长。自从巴基斯坦向世界其他国家开放边境和经济以来,全球化帮助了巴基斯坦的经济发展,但程度并不太大。此外,研究结果表明,政府支出和实物资本促进经济增长,但通货膨胀对巴基斯坦的经济增长有不利影响。
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