The impact of demographic trends on economic growth ? productivity in Pakistan (1980-2007)

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.

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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

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