Saving, Foreign Inflows and Economic Growth: Evidence from Selected Developing Countries

Authors

  • Mah Rukh Shabbir PhD Scholar Bahauddin Zakariya University Multan
  • Ukasha Kirn PhD Scholar School of Economics Bahauddin Zakariya University Multan
  • Awais Bukhari M.Phil Busniess Economics, School of Economics Bahauddin Zakariya University Multan

Keywords:

remittances, savings, investment, panel data

Abstract

The current study seeks to investigate the impact of saving and foreign inflows on economic growth of selected developing economies such as Pakistan, India, Bangladesh, and Sri Lanka by utilizing yearly panel data for 1990-2020. Long run results of panel ARDL indicate that trade openness and capital investment have positive and significant effects on services sector whereas, government - household consumption expenditure, labor force and inflation have inverse relation with services growth. In order to enhance the economic growth, the Governments are required to improve the education sector along with the tax rebates for the business sector so that target of excelling economic growth be accomplished.

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Published

02-06-2023

How to Cite

Shabbir, M. R., Kirn, U., & Bukhari, A. (2023). Saving, Foreign Inflows and Economic Growth: Evidence from Selected Developing Countries. Journal of Contemporary Macroeconomic Issues, 4(1), 11–18. Retrieved from https://ojs.scekr.org/index.php/jcmi/article/view/61

Issue

Vol. 4 No. 1 (2023): Vol, 4: Issue, 1 (June, 2023)

Section

Articles