Abstract
The financial system spurs the economic growth or economic growth
necessitates the development of financial system is a million dollar question.
Many studies across the globe have been undertaken to find an amicable
solution with different degrees of success. This study abridged the gap between
knowledge in the current literature to address the specific problem of resolving
the economic problems and bringing uplift to the economy of Khyber
Pakhtunkhwa by suggesting appropriate measures and measuring the impact of
political, religious, economic and cultural factors on perceived economic
growth. Survey questionnaires have been used to record responses from
respondents to gain insight into their political, religious, cultural and economic
perceptions. The study relied on convenience sampling and utilized structural
equation modeling technique to test the measurement and structural models to
represent relationship among latent variables or constructs. The results of
hypotheses tests for overall model revealed an insignificant impact of Perceived
Cultural Stability and Perceived Religious Affiliation on Perceived Economic
Growth while Perceived Economic Environment and Perceived Political
Stability had a significant impact on Perceived Economic Growth. Though the
study is limited to evaluation of how different factors impact the perception of
economic growth, future studies may evaluate the same from a wider
perspective. Furthermore, future studies may also involve other factors that
could potentially influence the economic growth. The study was limited to
Khyber Pakhtunkhwa; future studies to validate the findings of the present study
may be conducted in other regions also.
Muhammad Imran ullah. (2017) Factors Affecting Economy of Khyber Pakhtunkhwa, Abasyn Journal of Social Sciences, Volume-10, Issue-2.
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