Investigating the asymmetrical influence of foreign direct investment, remittances, reserves, and information and communication technology on Pakistan’s economic development
Bibliographic Data
| ID | 15067331 |
|---|---|
| Authors | Abdul Rehman (0000-0001-7809-5124, Henan Agricultural University), Magdalena Rădulescu (0009-0000-3728-5706, University of Pitesti, corresponding author), Fayyaz Ahmad (0000-0001-9038-0817, Lanzhou University), Muhammad Kamran Khan (0000-0002-7687-0382, Bahria University), Silvia Elena Iacob (0000-0002-2629-1403, Faculty of Theoretical and Applied Economics, Academy of Economic Studies, Bucharest, Romania), Laura Mariana Cismas (0000-0003-4743-4618, West University of Timişoara) |
| Year | 2023 |
| Volume | 36 |
| Issue | 2 |
| Publication date | 2023-07-10 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2022.2131591 |
| OpenAlex | W4306689891 |
| Language | EN |
| Citations received | 4 |
| References cited | 65 |
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
Business · Economics · Foreign direct investment · International economics · International trade · Macroeconomics · Monetary economics · Political science · Economic Growth and Development · Fiscal Policy and Economic Growth · International Development and Aid
Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework
ICT diffusion, financial development, and economic growth
The dynamics of ICT, foreign direct investment, globalization and economic growth
Testing for a unit root in time series regression
Bounds testing approaches to the analysis of level relationships
Maximum Likelihood Estimation and Inference on Cointegration — With Applications to the Demand for Money
Testing the null hypothesis of stationarity against the alternative of a unit root
Foreign direct investment, financial development and economic growth
Impact of Remittances on Economic Growth
The relationships between foreign direct investment, domestic savings, domestic investment, and economic growth
Effect of foreign direct investment, remittances, and foreign aid on economic growth
Impact of FDI, ODA and Migrant Remittances on Economic Growth in Developing Countries
Remittances, finance and growth
Remittances and Household Consumption Instability in Developing Countries
Remittances and economic growth
Do remittances promote financial development
Garden of Nobility
International Business Research
| Unique citing works | 4 |
|---|---|
| Citations per year | 1,33 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |