FOREIGN INFLOWS AND THE ECONOMIC GROWTH OF PAKISTAN

Abstract

Purpose: This stud}- exploies how different inflows impact the economic growth of Pakistan, and to what degiees do each ot them influence the economic growth of the country. Further to the study, the paper makes several recommendations as to how the government and institutions and maximize utility through the variables (different kinds of inflows). Research Methodology: This study is categorized as an illustrative time series. The role of Foreign inflows in development of Pakistan is investigated utilizing ARJDL model. Data undertaken in the model the period from 1976 to 2019. One of the most reliable data sources. World Development Indicators (WDI), is used for data extraction purposes. Observational examinations are performed utilizing E-Views. covers Findings: The findings revealed the significant role played by different inflows in improving the economic growth of Pakistan. According to results, in the long run, all inflows, for example, Remittances are significant and contribute positively to the model. Practical Implications: • This study will prove to be a reference point for all future researchers on the matter. the impact of foreign inflows and the economic growth of • It is aimed at focusing on Pakistan. Research is targeted at providing meaningful insights to the institutions at play to gauge the impact on the economy and, by extension, use this study as means of guidance in framing the economic and fiscal policies ofthe country