European Journal of Economic and Business (ISSN - 2456-3900)

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Total Natural Resources Rent Relation with Economic Growth: The Case of Pakistan and India

Muhammad Ramzan Mehar, Ali Hasan, Muhammad Atif Sheikh, Babar Adeeb

Abstract


The GDP per capita are some of the most important parts of today’s global economy. In world all countries depend on GDP per capita for economic growth and indeed, the role of total natural resources rent are very important in development of economic growth. This study is about the total natural resources rent relationship with economic growth in case of Pakistan and India. In this investigation utilized forty five years annually information and secondary time series data is used and test period from January 1970 to December 2017. ADF test is used to check the integration level of variables. And then for to check the relationship co-integration, regression, and VECM tests are used. The study concluded that total natural resources have positive and significant effect on Pakistan and India GDP per capita. Co-integration analysis depict there are 2 co-integrated equation of relationship between variables.

Keywords


GDP, ADF, Co-integration, VECM, Per Capita and Pakistan

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References


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