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Natural resources, globalization, and economic growth: evidence from Pakistan

  • Syed Tauseef Hassan
  • Enjun Xia
  • Jieping HuangEmail author
  • Noor Hashim Khan
  • Kashif Iqbal
Research Article
  • 50 Downloads

Abstract

Globalization is increasingly a driving force behind vibrant economies around the world. This paper discusses the impact of globalization and natural resources on economic growth from 1970 to 2014 in Pakistan. Based on an auto-regressive distributive lag (ARDL) model, the paper infers that globalization promotes economic growth in Pakistan. Natural resources also contribute to economic growth, as the causality results suggest bi-directional causality between globalization and use of natural resources. Policy implications are that countries should emphasize security, increase exports, encourage technological strength, and increase its intellectual management capacity.

Keywords

Globalization Natural resources Economic growth ARDL Pakistan 

Notes

References

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2019

Authors and Affiliations

  • Syed Tauseef Hassan
    • 1
  • Enjun Xia
    • 1
  • Jieping Huang
    • 1
    Email author
  • Noor Hashim Khan
    • 1
  • Kashif Iqbal
    • 2
  1. 1.School of Management and EconomicsBeijing Institute of TechnologyBeijingChina
  2. 2.School of Economics and ManagementBeijing University of Posts and TelecommunicationsBeijingChina

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