IMPACT OF HUMAN CAPITAL, FOREIGN DIRECT INVESTMENT AND GLOBALIZATION ON ECONOMIC GROWTH OF PAKISTAN

Abstract

Purpose: The prime objective ofthe study is to scrutinize the (FDI), Human Capital and Globalization i 1970 to 2019. contribution offoreign direct investment in economic growth of Pakistan over the period of Methodology & Design: This is time series study covering the data from 1970 to 2019. Data is obtained from World Bank annual report. HAC (heteroscedasticity- and autocorrelation-consistent) is used to HAC method can handle problems of heteroscedasticity and autocorrelation in time series data. Eviews software was used to Findings Human Capital has impact on Pakistan's economic growth, according to the research. FDI and globalization, on the other hand, have had a substantial impact on Pakistan's economic growth. estimate model. run regression. Limitations Although this study makes a significant contribution to the economic growth ofPakistan but still this study is not without limitations. As a matter of fact due to. time limit the research was directed through a not very large sample to make conceivable generalizability for the outcome. In this manner future research can inspect these factors by utilizing a bigger sample size. Also, in this study only simple regression along with multicollinearity test was run