Abstract
This research analysis the effect of oil price volatility and
macroeconomic variables (Trade balance, private sector investment and public
sector investment) on economic growth of Pakistan. Linear regression describes
the Public sector investment and Trade Balance has significant and oil price
volatility and private sector investment has insignificant effect on gross domestic
production of Pakistan. Johenson co integration test described the long run
relation among the variables. Vector Auto regression, impulse response function
and variance decomposition conclude that effect of variables was stable within
10 years and the major part on the variable is due to itself rather than other
variables
Muhammad Jawad, Professor Dr. Ghulam Shabbir Khan Niazi. (2016) Oil Price volatility, Macroeconomic variables and Economic growth: Pakistan a Case-in-Point, Abasyn Journal of Social Sciences, Volume-09, Issue-1.
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