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The determinants of economic growth in Pakistan: Does stock market development play a major role?

The 2nd International Conference on the Roles of Humanities and Social Science in Engineering (ICoHSE 2010) organized by Universiti Malaysia Perlis (UniMAP), 12th - 14th November 2010 at Bayview Beach Resort, Penang, Malaysia.

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Bibliographic Details
Main Author: Mohammad Salahuddin
Other Authors: salahuddin0000@gmail.com
Format: Working Paper
Language:English
Published: Universiti Malaysia Perlis (UniMAP) 2011
Subjects:
International Conference on the Roles of Humanities and Social Science in Engineering (ICoHSE 2010)
Stock market development
Economic growth
Co-integration
Online Access:http://dspace.unimap.edu.my/xmlui/handle/123456789/11533
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id my.unimap-11533
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spelling my.unimap-115332011-04-09T06:06:58Z The determinants of economic growth in Pakistan: Does stock market development play a major role? Mohammad Salahuddin salahuddin0000@gmail.com International Conference on the Roles of Humanities and Social Science in Engineering (ICoHSE 2010) Stock market development Economic growth Co-integration The 2nd International Conference on the Roles of Humanities and Social Science in Engineering (ICoHSE 2010) organized by Universiti Malaysia Perlis (UniMAP), 12th - 14th November 2010 at Bayview Beach Resort, Penang, Malaysia. This paper provides an empirical analysis of the relationship between economic growth and its determinants with special focus on the stock market development in Pakistan. using data for the period from 1971 to 2006, we employed FMOLS and ARDL bounds-testing for the long run relationship and ECM for the short run dynamics. The findings suggest a positive relationship between efficient stock market and economic growth both in short run and long run. Financial instability and inflation have negative effects while human capital and foreign direct investment have positive effects on growth. Stock market liquidity is found to have significant positive effect on growth. The results are consistent with the theoretical and empirical predictions. 2011-04-09T06:06:58Z 2011-04-09T06:06:58Z 2010-11-12 Working Paper p.1-31 http://hdl.handle.net/123456789/11533 en Proceedings of the International Conference on the Roles of the Humanities and Social Sciences in Engineering (ICoHSE 2010) Universiti Malaysia Perlis (UniMAP) Centre for Communication Skills and Entrepreneurship
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic International Conference on the Roles of Humanities and Social Science in Engineering (ICoHSE 2010)
Stock market development
Economic growth
Co-integration
spellingShingle International Conference on the Roles of Humanities and Social Science in Engineering (ICoHSE 2010)
Stock market development
Economic growth
Co-integration
Mohammad Salahuddin
The determinants of economic growth in Pakistan: Does stock market development play a major role?
description The 2nd International Conference on the Roles of Humanities and Social Science in Engineering (ICoHSE 2010) organized by Universiti Malaysia Perlis (UniMAP), 12th - 14th November 2010 at Bayview Beach Resort, Penang, Malaysia.
author2 salahuddin0000@gmail.com
author_facet salahuddin0000@gmail.com
Mohammad Salahuddin
format Working Paper
author Mohammad Salahuddin
author_sort Mohammad Salahuddin
title The determinants of economic growth in Pakistan: Does stock market development play a major role?
title_short The determinants of economic growth in Pakistan: Does stock market development play a major role?
title_full The determinants of economic growth in Pakistan: Does stock market development play a major role?
title_fullStr The determinants of economic growth in Pakistan: Does stock market development play a major role?
title_full_unstemmed The determinants of economic growth in Pakistan: Does stock market development play a major role?
title_sort determinants of economic growth in pakistan: does stock market development play a major role?
publisher Universiti Malaysia Perlis (UniMAP)
publishDate 2011
url http://dspace.unimap.edu.my/xmlui/handle/123456789/11533
_version_ 1643790191950823424
score 13.209306

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