Does Economic Freedom Boost Economic Growth in Pakistan and India?

  • Muhammad Ramzan Sheikh Bahauddin Zakariya University Multan, Pakistan
  • Sadia Javaid Bahauddin Zakariya University, Multan, Pakistan
  • Muhammad Imran Mushtaq Bahauddin Zakariya University Multan, Pakistan.
Keywords: Economic Freedom, Economic Growth, Pakistan and India, ARDL

Abstract

In the process of nations’ well-being economic freedom is considered one of the prominent key factors that actively take part in economic progress. This study delves into a freedom-growth link for Pakistan and India by using the ARDL technique for the period of 1995-2015. For both countries, the results exhibit positive and statistically significant hookup in freedom-growth. The study has also suggested strategies to enhance growth via accelerating economic freedom in both countries.

Author Biographies

Muhammad Ramzan Sheikh, Bahauddin Zakariya University Multan, Pakistan

Associate Professor of Economics, School of Economics

Sadia Javaid, Bahauddin Zakariya University, Multan, Pakistan

Visiting Lecturer, School of Economics

Muhammad Imran Mushtaq, Bahauddin Zakariya University Multan, Pakistan.

PhD Scholar, Department of Statistics

Published
2018-06-30
How to Cite
Sheikh, M. R., Javaid, S., & Mushtaq, M. I. (2018). Does Economic Freedom Boost Economic Growth in Pakistan and India?. Pakistan Journal of Economic Studies, 1(1), 45-58. Retrieved from https://journals.iub.edu.pk/index.php/pjes/article/view/318