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This study is devoted to examine the impact of globalization macroeconomic
instability in selected south Asian countries during the period of 1981-2016. Panel
data technique id employed. The result of Panel unit root tests suggests the use
Panel ARDL. Panel ARDL results revealed that the impact of globalization forces
affect negatively and significantly macroeconomic instability in the whole region.
The impact of globalization on individual countries is negative and significant in
the short run. Globalization forces affected macroeconomic instability
comparatively high India and Bangladesh. Means both India and Bangladesh get
more benefited from it. The impact of globalization is of average level on Sri
Lanka, while the impact of globalization is minimum in case of Pakistan. In the
nutshell, India and Bangladesh got more from the process of globalization, Sri
Lanka on average and Pakistan have experienced low benefits. Therefore, this
study suggests that the Government of Pakistan should adopt from the rest of the
countries that how they get from the process.
Sher Ali , Fazle Wahid, Abid Ali. (2019) Globalization And Macroeconomic-Instability: Analysis For Selected South Asian Countires Using Panel Data Techniques, Journal of the Research Society of Pakistan, Volume 56, Issue 1.
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