The Role of Budget Deficit in the Economic Growth of Pakistan

Najid Ahmad

The Role of Budget Deficit in the Economic Growth of Pakistan

Najid Ahmad * § M.Sc Economics

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§ Bahauddin Zakaryia University

The Role of Budget Deficit in the Economic Growth of Pakistan

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Abstract

The basic aim of this paper is to investigate the relation between Budget Deficit and Gross Domestic Product of Pakistan. There are three views about this relation. Keynesian says that there is a positive relation between budget deficit and economic growth while neo-classical views that there is an inverse relation between budget deficit and economic growth. Recardian says that there is neutral relation between budget deficit and economic growth. A time series data for the period of 1971-2007 has been used to check the relation between budget deficit and economic growth of Pakistan. GDP is taken as dependent variable, FDI and budget deficit as independent variables. ADF test has been used to check the stationary of the data. All variables get stationary at 5% level of significance at level. The results of Granger causality test show that there is bi-directional causality running from budget deficit to GDP and GDP to budget deficit.

References

9 Cites in Article

Reference Format

Niloy Bose,M Haque,Denise Osborn (2007). PUBLIC EXPENDITURE AND ECONOMIC GROWTH: A DISAGGREGATED ANALYSIS FOR DEVELOPING COUNTRIES*.
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M Goher Fatima (2012). Consequential Effects of Budget Deficit on Economic Growth of Pakistan.
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Y Keho (2010). Budget Deficits and Economic Growth: Causality Evidence and Policy Implications for WAEMU Countries.
N Rahman (2012). Budget Deficit and Economic Growth in Ethiopia: Evidence from ARDL-VAR Model Approach.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Najid Ahmad. 2013. "The Role of Budget Deficit in the Economic Growth of Pakistan". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 13 (GJMBR Volume 13 Issue B5).

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GJMBR Volume 13 Issue B5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

budget deficit GDP OLS Pakistan

Classification

GJMBR-B Classification JEL Code: F43

O49

Submission ReceivedDecember 12, 2012
Peer Review Double Blind
Handling Editor
Accepted January 1, 2013
Published January 15, 2013

Version of record

v1.2

Issue date

July 31, 2013

Language

English

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Article Matrices

Total Score: 148

Country: Pakistan

Subject: Global Journal of Management and Business Research

Authors: Najid Ahmad (PhD/Dr. count: 0)

View Count (all-time): 333

Total Views (Real + Logic): 1011

Total Downloads (simulated): 91

Publish Date: 2013 01, Tue

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Total Views: 1K

Total Downloads: 91

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