Volume 6 Issue 1 2020 Article 1 Abstract available
Relationship Between Economic Freedom And Economic Growth In Pakistan
Prof. Dr Abdul Ghafoor Awan, Irum Naeem
- Published in
- Volume 6, Issue 1
- Year
- 2020
- Pages
- 1–29
Abstract
The objective of this research paper is to investigate the relationship between economic freedom and economic growth in Pakistan, by using a time series data of 23 years from1995-2017. We took economic freedom as a dependent variable, while economic growth, Population Growth, political stability and Export, Gross capital formation and employed labor force as independent variable. We used Auto-regressive distributive lagged ARDL and ECM models and ADF and Bound Test to check stationary and determine short run and long run relationship between variables. The empirical results revealed that political instability has a negative impact on economic freedom of Pakistan. While economic growth and employed labor force are positively related to economic freedom. As economic freedom is the key component of economic development, it must be focused to enhance economic freedom of Pakistan.
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Published in
Vol 6 - No. 1 (Jan - March, 2020)
Volume 6, Issue 1 · 9 articles · published 2020
Cite this article
Prof. Dr Abdul Ghafoor Awan, Irum Naeem (2020). Relationship Between Economic Freedom And Economic Growth In Pakistan. Global Journal of Management, Social Sciences and Humanities, 6(1), 1-29. https://gjmsweb.com/article/relationship-between-economic-freedom-and-economic-growth-in-pakistan-655c0b3.html
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