Economic Growth and Management of Natural Resources in the Case of Pakistan
European Journal of Economics, Finance and Administrative Sciences, No. 22, 2010
8 Pages Posted: 20 Aug 2010
Date Written: August 1, 2009
The objective of this study is to determine long run relationship between the natural resources and economic growth in the case of Pakistan. The robustness among the variables has determined by using the JJ cointegration approach and autoregressive distributed lag (ARDL) approach to cointegration. The results of both methods of cointegration show that the long run relationship exists and natural resources are positively associated with economic growth. Hence there is need to give special attention to maintain natural resources remain productive and contributing in the process of economic growth.
Keywords: Economic Growth, Natural resources, ARDL
JEL Classification: Q11, Q13
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