Impact of Industrial Sector on GDP (Pakistan Case)

Ajmair, Muhammad

doi:10.19044/elp.v1no1a8

Cited by 7 publications

(8 citation statements)

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“…This increases the value of monetary goods and services produced annually and raises the RGDP and income. This finding supported the claim of Sahar (2020) and Ajmair (2014) that established a positive and significant relationship between FDI and RGDP.…”

Section: Discussion Of Findingssupporting

confidence: 90%

Impact of industrialisation on economic growth in Nigeria

Ibitoye

Ogunoye

Kleynhans

2022

Journal of Economic and Financial Sciences

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Orientation: The industrial sector contributes to the growth of other sectors of the economy. Despite the number of industries in various sectors of the economy, inclusive economic growth is still not met in Nigeria.Research purpose: This article examines the impact of industrialisation on the growth of Nigeria’s economy.Motivation for the study: There exists a divergence in the results of the existing empirical investigations conducted on Nigeria in comparison with other developing economies.Research approach/design and method: The Johansen co-integration and Granger causality tests are utilised to determine the long-term relationship and causality among variables.Main findings: Industrial output has a significant direct effect and an aggregate effect of 86% on the real gross domestic product (GDP). A unidirectional causal impact of industrial output on real GDP was also established.Practical/managerial implications: Fund managers, international traders, policymakers and designers of business strategies and policies should take note of the dynamics of Nigerian industrialisation. This study recommends that government should encourage more foreign direct investment through the adoption of industrialisation policies such as tax holidays, provision of land for industrial uses to foreign investors and also ensuring that the lending interest rate for the real sector is lowered during low production to stimulate growth in the sector. The government should also increase electricity supply, ensure green industrialisation, encourage renewable energy consumption and control the exchange rate that may stimulate industrialisation and increase growth of the economy.Contribution/value-add: This article contributes to existing economic development literature by filling the gap related to the dynamic effect of industrialisation on the Nigerian economy.

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Section: Discussion Of Findingssupporting

confidence: 90%

Impact of industrialisation on economic growth in Nigeria

Ibitoye

Ogunoye

Kleynhans

2022

Journal of Economic and Financial Sciences

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“…This association is statistically significant at the 1 percent level of significance. These results are also found in the studies of Sekhampu & Niyibanira, 2013;and Ajmair & Akhtar, 2012. Household expenditures are significantly influenced by the education level of the respondents.…”

Section: Effect Of Smuggling On Household Expendituressupporting

confidence: 78%

Effect of Smuggling on Economic Status of Households of District Loralai: An Analysis

Khan,

Waleed

2023

RAMSS

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This study analyzes the effect of smuggling on the economic status of households in District Loralai. The data of 400 households were collected by using a simple random sampling technique from the Loralai district. The ordinary least square method was applied to estimate the results. Both rural and urban households were sampled. The economic status of the households was measured with household monthly income, household monthly expenditures, and household value of physical assets. The core independent variable used in the study was the participation of respondents in smuggling and price differences. Results show that smuggling boosts the economic status of households but harms the country's economic growth.

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“…In addition, the calculation of the cointegrating vector demonstrates that the services sector has a beneficial impact on Pakistan's economic growth. Ajmair (2014) used data from 1950 to 2010 to investigate the relationship between various industrial sector components and Pakistan's economic growth. Simple linear regression was used to estimate the results.…”

Section: Literature Reviewmentioning

confidence: 99%

Disaggregated Analysis of Economic Growth of Pakistan

Hussain

Sheikh

Narmeen

et al. 2022

RAMSS

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Achieving higher levels of economic growth is the key aim of every economy. This study is designed to explore the disaggregated analysis of the economic growth of Pakistan from 1970 to 2020. Different econometric techniques are applied to estimate the results such as the ADF test, Wald test, and ARDL model. ADF test points out the mixed order of integration of variables. ARDL estimates found that labor force participation rate, services sector growth rate, agriculture sector growth rate, and industrial sector growth rate are positively and significantly related to the economic growth in Pakistan. The outcomes of the study demonstrate that agriculture, services, and industrial sectors are important boosting factors of economic growth. By keeping in view the findings it is suggested that special attention needs to be taken to boost the production of industrial, services, and agriculture sectors in Pakistan.

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Impact of Industrial Sector on GDP (Pakistan Case)

Cited by 7 publications

References 0 publications

Impact of industrialisation on economic growth in Nigeria

Impact of industrialisation on economic growth in Nigeria

Effect of Smuggling on Economic Status of Households of District Loralai: An Analysis

Disaggregated Analysis of Economic Growth of Pakistan

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