Khalid Zaman, and Waseem Ikram, and Mehboob Ahmad, (2009) The impact of demographic trends on economic growth ? productivity in Pakistan (1980-2007). Sunway Academic Journal, 6. pp. 133-146.
|
Text
THE_IMPACT_OF_DEMOGRAPHIC_TRENDS_ON_ECONOMIC.pdf Download (142kB) | Preview |
Abstract
This paper seeks to examine the impact of demographic variables on economic growth in Pakistan. A long-run relationship between the variables has been found by applying Johanson?s Co-integration Technique after finding the series I(1). The Error Correction Model (ECM) has been applied to streamline the short-run and long- run impacts of the variables on economic growth. Population has a positive but decreasing impact on economic growth in the long run. Trade liberalisation and Human Capital Formation have a negative impact on globalisation in the long run and an insignificant impact in the short run. As a result of an increase in unemployment in the labour market in the short run, Life Expectancy, Labour Productivity Per Capita and Population Growth Rate have a negative impact on economic growth. This analysis will help decision makers in developing strategies and policies to accelerate economic growth, human capital formation and trade liberalisation in Pakistan.
| Item Type: | Article |
|---|---|
| Additional Information: | First and second authors are affiliated with COMSATS Institute of Information Technology, Pakistan; third author is affiliated with Foundation University Institute of Engineering & Management Sciences, Fauji Foundation Educational Complex, Pakistan |
| Uncontrolled Keywords: | population growth rate; economic growth; labor force participation rate; trade openness; co-integration; impulse response function |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| Divisions: | Others > Non Sunway Academics |
| Depositing User: | Administrator Admin |
| Date Deposited: | 16 Oct 2012 02:48 |
| Last Modified: | 08 May 2013 09:21 |
| URI: | http://eprints.sunway.edu.my/id/eprint/72 |
Actions (login required)
 |
View Item |
