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- Title
Political Stability and Its Impact on Economic Growth of Asian Countries (1988-2018).
- Authors
Phul, Majid Hussain; Rahpoto, Muhammad Saleem; Shah, Syed Akram Ali
- Abstract
This research analysis the effect of political stability (PS) on economic growth (EG) in selected Asian countries from 1988-2018. PS and EG is inter dependent variables, that establish the significance of PS in the EG of Asian countries. To investigate whether the variables are stationary or not we have been conduct panel unit root tests. There are some approaches that analyses unit roots such as PP - Fisher Chi-square, Im, Pesaran and Shin, W-stat, Levin, Lin & Chu Breitung t-stat and ADF - Fisher Chi-square for the benefit of variables. In this research Im, Pesaran and Shin,W-stat (IPS) Panel unit root test has been used for checking the stationary of the data. The results shows that PS and INF are become stationary at level I(0), while GDP, GFCF and TLF are become stationary at 1st difference I(1). In the research Panel ARDL (PMG) method has been used for checking short run and long run nexus between dependent variable (DV) and explanatory variable. PS has a significant and positive impact on EG of selected Asian countries in the long run. In the short run there is an insignificant effect (No Effect) of PS on the EG of Asian countries. GFCF has a significant and positive effect on the EG of Asian countries in the long and short run analysis. TLF has also a significant and positive impact on the EG of in the long run analysis. While in the short run there is insignificant effect (No Effect) of TLF on the EG. In the long run INF has negative and significant effect on the EG. In the short run INF has a positive and significant effect on the EG of Asian countries.
- Subjects
POLITICAL stability; ECONOMIC expansion; ECONOMIC equilibrium; VECTOR error-correction models
- Publication
Turkish Online Journal of Qualitative Inquiry, 2021, Vol 12, Issue 10, p4976
- ISSN
1309-6591
- Publication type
Article