Journal of Management Sciences
ISSN: 2313-0113 (Online)
ISSN: 2413-8657 (Print)
Online From: 2014
Latest Issue | All Issues | Early Views
Frequency: 2 issues per year
Volume 2 Issue 1
Published: 2015
Published: 2015
| Article title | The Impact of Sectoral Foreign Direct Investment on Industrial Economic Growth of Pakistan |
|---|---|
| Author(s) | M. Tahir Suleman, M. Talha Amin |
| Keywords | Pakistan, Cobb-Douglas, Panel Unit Root Test, Panel Cointergration Test, long-run relationship |
| Article type | Research paper |
| Abstract | This study examines the impact of sectoral foreign direct investment on industrial economic growth of Pakistan, by means of Cobb-Douglas production function. Three sectors were used namely manufacturing, construction, mining & quarrying for panel data during period of 1997 to 2011. This study used three standard panel unit root tests; PP statistics panel unit root, ADF statistic, IPS panel unit root test. Moreover, to test the co integration between the variables , three different types of test were used for the panel co integration test based on Johansen fisher, Kao residual cointegration, Pedroni residual cointegration tests to find the long run relationship between sectoral FDI and industrial economic growth of Pakistan and the. Results revealed that sectoral FDI has positively and significantly affect the industrial growth of Pakistan. |
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