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Estimating the connection of information technology, foreign direct investment, trade, renewable energy and economic progress in Pakistan: evidence from ARDL approach and cointegrating regression analysis

pmid: 33963996
The present study aims to investigate the effects of information and communication technology, foreign direct investment, trade and renewable energy use with GDP growth in Pakistan using time series data ranging from 1985 to 2017. Stationarity of data was verified by using unit root tests including ADF and P-P, while an autoregressive distributed lag (ARDL) model was used to check the dynamic association amid prescribed variables with long- and short-run analysis. Furthermore, cointegrating regression analysis with FMOLS, DOLS and CCR was applied to validate the variables causality. The outcomes during long-run analysis show that ICTE, trade and renewable energy have constructive linkage to GDP growth, while foreign direct investment has adverse influence to GDP growth in Pakistan. Similarly, the outcomes from cointegrating regression technique exposed that all variables including foreign direct investment, ICTE and trade have positive and constructive association with GDP growth except renewable energy that causes the adverse association to GDP growth in Pakistan. On the basis of outcomes, we will discuss the policy recommendations.
- Zhejiang Ocean University China (People's Republic of)
- Zhejiang Ocean University China (People's Republic of)
- China Medical University Hospital Taiwan
- Anadolu University Turkey
- Asian University Taiwan
Regression Analysis, Pakistan, Economic Development, Renewable Energy, Carbon Dioxide, Information Technology
Regression Analysis, Pakistan, Economic Development, Renewable Energy, Carbon Dioxide, Information Technology
