[PDF][PDF] Natural resource abundance and economic growth in Pakistan

S Hussain, IS Chaudhry, S Malik - European Journal of Economics …, 2009 - researchgate.net
S Hussain, IS Chaudhry, S Malik
European Journal of Economics, Finance and Administrative Sciences, 2009researchgate.net
Natural capital can play an important role to boost the economic growth and to accelerate
the pace of development. Evidence is found that the countries having vast natural resources
could not perform significantly compared with the countries deficient of natural capital. This
paper empirically explores the contribution of natural resources to economic growth for
Pakistan for the period of 1975-2006 using time series econometric technique. The results
are very much similar with existing literature available on the subject. There is adverse …
Abstract
Natural capital can play an important role to boost the economic growth and to accelerate the pace of development. Evidence is found that the countries having vast natural resources could not perform significantly compared with the countries deficient of natural capital. This paper empirically explores the contribution of natural resources to economic growth for Pakistan for the period of 1975-2006 using time series econometric technique. The results are very much similar with existing literature available on the subject. There is adverse nexus between exports related natural resources as ratio of GDP and economic growth. Checks for robustness of estimates have also been performed to avoid the misleading results. Our findings also indicate that inadequate attention has been paid to human resource development in Pakistan throughout our sample period.
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