Democracy and Economic Growth in Pakistan

Mahmood, Khalid; Azid, Toseef; Siddiqui, Prof.Dr.Masood Mashkoor

doi:10.2139/ssrn.1675732

Cited by 5 publications

(5 citation statements)

References 22 publications

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“…Mahmood Azid and Siddiqui (2010), investigated the connection between democracy and EG in Pakistan. They used the year based data and found the conclusion that the democratic system is so much significant for EG especially in Pakistan.…”

Section: Literature Reviewmentioning

confidence: 99%

Political Stability and its Impact on Economic Growth of Pakistan (1988-2018): A Time Series Analysis

Phul

Rahpoto

Mangnejo

2020

JAFEE

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This research paper empirically investigates the outcome of Political stability on economic growth (EG) of Pakistan for the period of 1988 to 2018. Political stability (PS), gross fixed capital formation (GFCF), total labor force (TLF) and Inflation (INF) are important explanatory variables. Whereas for model selection GDPr is used as the dependent variable. To check the stationary of time series data Augmented Dickey Fuller (ADF) unit root (UR) test has been used, and whereas to find out the long run relationship among variables, OLS method has been used. The analysis the impact of PS on EG (EG) in the short run, VAR model has been used. The outcomes show that all the variables (PS, GFCF, TLF and INF) have a significantly positive effect on the EG of Pakistan in the long run period. But the effect of PS on GDP is smaller. Further, in this research we are trying to see the short run relationship between GDP and other explanatory variables. The outcomes show that PS does not have such effect on GDP in the short run analysis. While GFCF, TLF and INF have significantly positive effect on GDP of Pakistan in the short run period.

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Section: Literature Reviewmentioning

confidence: 99%

Political Stability and its Impact on Economic Growth of Pakistan (1988-2018): A Time Series Analysis

Phul

Rahpoto

Mangnejo

2020

JAFEE

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“…85 -6.30 -6.03 1984;1988;2002;2004;2011 Model 1 -7.535 a -7. 05 -6.49 -6.22 1979;1982;1986;1995;Model 2 -14.421 a -9.44 -8.86 -8.54 19801995;2010Model 3 -6.347 -10.08 -9.48 -9.15 19891994; Not: a , %1 önem düzeyinde istatistiki anlamlılığı göstermektedir. Kritik değerler Maki (2012) Tablo 1'den alınmıştır.…”

Section: Ekonometri̇k Bulgularunclassified

“…Johansen eşbütünleşme testinden sonra daha sağlam/güçlü (robust) eşbütünleşme araştırması için Maki (2012) yapısal kırılmalı eşbütünleşme testi uygulanmış ve test sonuçları Tablo 3' de raporlanmıştır. -6.85 -6.30 -6.03 1984;1988;2011Model 1 -7.535 a -7.05 -6.49 -6.22 19791982;1986;1995;Model 2 -14.421 a -9.44 -8.86 -8.54 19801995;2010Model 3 -6.347 -10.08 -9.48 -9.15 19891994; Not: a , %1 önem düzeyinde istatistiki anlamlılığı göstermektedir. Kritik değerler Maki (2012) Tablo 1'den alınmıştır.…”

Section: B Yöntemunclassified

Türki̇ye’de Demokrasi̇ Ve Ekonomi̇k Büyüme İli̇şki̇si̇: Ampi̇ri̇k Bi̇r Araştirma

Koçak¹,

Uzay²

2017

Yönetim Ve Ekonomi: Celal Bayar Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi

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The aim of this study is to investigate the relationship democracy and economic growth for the period of 1975-2014 in Turkey. In the study, after unit root tests we use Johansen (1988; 1991) and Maki (2012) methods to investigate cointegration relationship. Long run coefficents are estimated by Stock and Watson (1993) method. The cointegration test results have concluded that there is a long term balance relationship between labor, capital, trade, democracy and economic growth. The long run estimate results show that democracy has a positive and statistically significant impact on economic growth. These results indicate that the improvement in democratic level is an important factor for the economic growth.

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“…Democracy as an administrative system enhances transparent society, rule of law, free choice and steady politics decreasing the fertility of corruption and marginal policies. At the same time democracy raises political participation by way of free elections at regular intervals, and suggests a certain extent political and civil rights which strengthens participation and competition and thus contributes to the economic and social development of the state (Mahmood et al, 2010). Furthermore, Bhagwati (1995), Rivera-Batiz (1999), and Rodrik (2000) suggested that the democracies provided higher quality growth by diverse channels such as enabling greater stability and predictability in the long term.…”

Section: Introductionmentioning

confidence: 99%

Yükselen Piyasa Ekonomilerinde Demokratikleşme ve Ekonomik Büyüme

Alakbarov

Bayar²

2018

Maliye Finans Yazıları

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The globalization phenomenon has gained speed in various aspects especially since mid-1980s, this process in turn partially contributed to democratization of the many countries. This study researches the effect of democratization on economic growth in emerging markets over 2002-2015 period with panel cointegration test of Westerlund-Durbin-Hausman (2008) and panel causality test of Dumitrescu and Hurlin (2012). The results revealed a cointegrating relationship between economic growth and democratization, but the interaction between democratization and growth varies from country to country. However, no causality relationships were found between democratization and economic growth in the short run.

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Democracy and Economic Growth in Pakistan

Cited by 5 publications

References 22 publications

Political Stability and its Impact on Economic Growth of Pakistan (1988-2018): A Time Series Analysis

Political Stability and its Impact on Economic Growth of Pakistan (1988-2018): A Time Series Analysis

Türki̇ye’de Demokrasi̇ Ve Ekonomi̇k Büyüme İli̇şki̇si̇: Ampi̇ri̇k Bi̇r Araştirma

Yükselen Piyasa Ekonomilerinde Demokratikleşme ve Ekonomik Büyüme

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