Investigating the asymmetrical influence of foreign direct investment, remittances, reserves, and information and communication technology on Pakistan’s economic development

Datos Bibliográficos

ID15067331
AutoresAbdul Rehman (0000-0001-7809-5124, Henan Agricultural University), Magdalena Rădulescu (0009-0000-3728-5706, University of Pitesti, autor de correspondencia), 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)
Año2023
Volumen36
Número2
Fecha de publicación2023-07-10
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEconomic Research-Ekonomska Istraživanja (JOURNAL)
Identificadores de la revistaISSN: 1331-677X • E-ISSN: 1848-9664
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2022.2131591
OpenAlexW4306689891
IdiomaEN
Citas recibidas4
Referencias citadas65

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