Open Access. Powered by Scholars. Published by Universities.®
- Publication
Articles 1 - 3 of 3
Full-Text Articles in Macroeconomics
Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali
Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali
Sharafat Ali
Pakistan economy has received large inflows of foreign capital, in shape of foreign debt, FDI and worker’s remittances, over the years. The present study is focused on the examination of effects of these flows on economic growth in Pakistan. Johansen cointegration technique and Granger causality test has been used for the analysis for the sample period of 1972-2013. The results reveal negative impacts of these flows on economic growth of the economy in long run. Short run analysis confirmed unidirectional causality running from debt service, FDI, inflation and literacy rate to growth. Causality from domestic investment is not concluded but …
Cointegration Analysis Of Exports And Imports: The Case Of Pakistan Economy, Sharafat Ali
Cointegration Analysis Of Exports And Imports: The Case Of Pakistan Economy, Sharafat Ali
Sharafat Ali
No abstract provided.
The Sustainability Of South African Fiscal Policy: An Historical Perspective, John Thornton, Lusine Lusinyan
The Sustainability Of South African Fiscal Policy: An Historical Perspective, John Thornton, Lusine Lusinyan
John Thornton
This article examines the issue of long-term fiscal sustainability in South Africa by applying a battery of recently developed unit root and cointegration tests to real revenue and spending data the period 1895 to 2005. The results provide evidence that, allowing for structural breaks, South African revenue and spending during this period were I(1) series and cointegrated, with the estimated long-run equilibrium relation supporting the presence of a weak deficit sustainability condition.