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- Title
Issues Relating to Investment in Pakistan and its Effects on Economic Growth.
- Authors
Khan, Naeem Ullah; Ullah, Muhammad Asad
- Abstract
Recent researches have explored large differences among the countries where the ownership of the firms and multinational companies (MNC's) are legally protected. A study has been conducted to examine the current practices regarding the foreign direct investment and its regulatory framework in Pakistan. Concerns about the domestic as well as foreign direct investment have increased the attention with the economic growth. The authors look at the relationship between the foreign direct investment and growth rate of GDP using the time series analysis for the period of 1981-2011 for Pakistan. The observations show that Foreign Direct Investment (FDI) will in due course bring the economic growth. For the country, like Pakistan there is a need for the balanced laws which will protect the domestic as well as foreign investors. We have used the Granger Causality Ordinary Least Square (OLS) and the results favor the economic theory. This theory reveals that when a country follows the common law principles; then eventually foreign investors would be able to invest in different sectors of economy. This paper, inter alia, also highlights those issues which adversely affects the investment in Pakistan.
- Subjects
PAKISTAN; INTERNATIONAL business enterprises; FOREIGN investment laws; ECONOMIC development; GROSS domestic product; ECONOMICS; ACCOUNTING
- Publication
Journal of Commerce (22206043), 2015, Vol 7, Issue 3, p90
- ISSN
2218-8118
- Publication type
Article