Impact of Globalization on Industrial sector growth In Pakistan

  • Muhammad Azhar Bhatti Pakistan Institute of Development Economics
  • Snober Fazal The Islamia University of Bahawalpur, Pakistan.
Keywords: Globalization, KOF index, Economic Growth, ARDL, Industrial Growth

Abstract

Globalization is a multidimensional concept that affects the economic growth of different countries differently and within economies different sectors of the economy differently. The study examines the long and short effects of globalization on the industrial sector of Pakistan's economy. Globalization index is used for Globalization, time-series data for the years 1980 to 2015 is utilized. To check the stationarity used Augmented Dickey-Fuller (ADF) test. Auto-Regressive Distributive Lag (ARDL) has been applied to find the long and short-run association among industrial sector growth, globalization, and explanatory variables. After diagnostics, the error correction model evidenced the existence of long-run Co-integration Exits industrial sector growth and globalization. Globalization boosted the growth of and industrial sector in Pakistan.

Author Biography

Snober Fazal, The Islamia University of Bahawalpur, Pakistan.

Ph. D. Scholar, Department of Economics 

Published
2020-06-30
How to Cite
Bhatti, M. A., & Fazal, S. (2020). Impact of Globalization on Industrial sector growth In Pakistan. Pakistan Journal of Economic Studies, 3(1), 24-45. Retrieved from https://journals.iub.edu.pk/index.php/pjes/article/view/145