Impact of Globalization on Industrial sector growth In Pakistan
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.
Copyright (c) 2020 Pakistan Journal of Economic Studies
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Authors who publish with PJES agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.