The Relationship between Financial Development and Foreign Direct Investment and its Impact on Economic Growth of Pakistan
Keyword(s):
This research investigates the interaction between foreign direct investment (FDI) and financial development (FD) to promote economic growth in Pakistan for the period 1980 - 2017. Using Autoregressive distributed lag (ARDL) bound estimation techniques, the study showed that FDI, trade openness and government expenditures has a significant impact on economic development in Pakistan. More interestingly, it is evident that the interaction effect of FDI and FD has a significant positive impact on economic growth of Pakistan. This research can play an important role in policymaking to boost FDI and FD for the economic prosperity of Pakistan.
2017 ◽
Vol 9
(3(J))
◽
pp. 101-112
2014 ◽
Vol 220
◽
pp. 79-96
2019 ◽
Vol 58
(1)
◽
pp. 115-124
2019 ◽
Vol 1
(02)
◽
pp. 112-123
2019 ◽
Vol 22
(02)
◽
pp. 1950009
◽