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Determinants of Capital Formation


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  • Product Description

The study investigates the determinants of gross capital formation in Pakistan. The ARDL bound testing approach, developed by Pesaran et al. (2001), is applied to examine the cointegration or the long run relationship among the selected variables. The Error Correction Mechanism (ECM) is used to scrutinize the short run impact on independent variables upon the gross capital formation. Studying determinants of capital formation is important in economic literature because it has vast implications in handling the issue of low capital formation in developing countries. Capital formation facilitates infrastructure development, and utilizes internal resources for production and manufacturing, encourage savings by increasing the number of financial institutions that ultimately lead to higher economic growth. The findings of this study are important for formulation of development strategies.

Product Specifications
SKU :COC16707
AuthorMuhammad Shahid and Parvez Azim
Number of Pages68
Publishing Year12/24/2010
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-25 00:00:00