IDEAS home Printed from https://ideas.repec.org/a/pkp/josere/v8y2021i1p1-11id1364.html
   My bibliography  Save this article

Impacts of Domestic Savings and Domestic Investment on Economic Growth: An Empirical Study for Pakistan

Author

Listed:
  • Md Zamilur Rahman
  • Jannatul Ferdaus

Abstract

The purpose of this paper is to ascertain the dynamic impacts of domestic savings and domestic investment on economic growth of Pakistan by using annual data spanning from 1973 to 2018. After being confirmed that all the variables are stationary at first difference and have long-run cointegrating association, this study employed Dynamic Ordinary Least Squares (DOLS) approach to estimate long-run elasticities. The empirical findings reveal that domestic savings are negatively and domestic investment is positively associated with economic growth in Pakistan. In a nutshell, the results convey that domestic savings are dampening the economic growth figures and domestic investment is contributing to economic growth figures of Pakistan. The results of causality analyses report bidirectional causal link between domestic savings and economic growth and a unidirectional causal association between economic growth and domestic investment. Based on these empirical findings some policies are recommended to accelerate economic growth and for the long term sustainability of economic growth in Pakistan.

Suggested Citation

  • Md Zamilur Rahman & Jannatul Ferdaus, 2021. "Impacts of Domestic Savings and Domestic Investment on Economic Growth: An Empirical Study for Pakistan," Journal of Social Economics Research, Conscientia Beam, vol. 8(1), pages 1-11.
    • Handle: RePEc:pkp:josere:v:8:y:2021:i:1:p:1-11:id:1364
    as

    Download full text from publisher

    File URL: https://archive.conscientiabeam.com/index.php/35/article/view/1364/1905
    Download Restriction: no
    File URL: https://archive.conscientiabeam.com/index.php/35/article/view/1364/5261
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arvian Triantoro & Muhammad Zaheer Akhtar & Shiraz Khan & Khalid Zaman & Haroon ur Rashid Khan & Abdul Wahab Pathath & Muhamad Amar Mahmad & Kamil Sertoglu, 2023. "Riding the Waves of Fluctuating Oil Prices: Decoding the Impact on Economic Growth," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 34-50, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pkp:josere:v:8:y:2021:i:1:p:1-11:id:1364. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dim Michael (email available below). General contact details of provider: https://archive.conscientiabeam.com/index.php/35/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.