Impact of Government Investment, Chinese Investment and Kibor on Economic Growth (GDP) of Pakistan

Abstract

This study is about the impact of Chinese investment, government development expenditure and KIBORon the economic growth of Pakistan. The study was aimed to determine the impact of federal government development expenditures on economic growth of Pakistan, to analyze the impact of Chinese investment on the economic growth of Pakistan, to determine the relationship between development expenditures and economic growth and to determine the relationship between Chinese investment and economic growth and to analyze the impact of KIBOR on Economic growth of Pakistan.This is quantitative study and the data was taken from the period 2005-2014. The data was taken from World Bank Database. Dependent variable in study was GDP and independent variables were Chinese investment, Government development expenditure and KIBOR. Different tests like Data Statistics, Unit Root and stationary Test, Optimal lags, Error Correction model, Bound test and LongRun Elasticities were implemented. The major finding of this study is that Chinese investmeThis study is about the impact of Chinese investment, government development expenditure and KIBORon the economic growth of Pakistan. The study was aimed to determine the impact of federal government development expenditures on economic growth of Pakistan, to analyze the impact of Chinese investment on the economic growth of Pakistan, to determine the relationship between development expenditures and economic growth and to determine the relationship between Chinese investment and economic growth and to analyze the impact of KIBOR on Economic growth of Pakistan.This is quantitative study and the data was taken from the period 2005-2014. The data was taken from World Bank Database. Dependent variable in study was GDP and independent variables were Chinese investment, Government development expenditure and KIBOR. Different tests like Data Statistics, Unit Root and stationary Test, Optimal lags, Error Correction model, Bound test and LongRun Elasticities were implemented. The major finding of this study is that Chinese investment, government development expenditure and KIBOR have positive impact on the economic growth of Pakistan. These results are helpful for policy makers, Government, to make effective economic policies for growth of economy of Pakistani, government development expenditure and KIBOR have positive impact on the economic growth of Pakistan. These results are helpful for policy makers, Government, to make effective economic policies for growth of economy of Pakistan.