Empirical Analysis of Determinants of Economic Growth: Evidence from SAARC Countries

  • Muhammad Akram
  • Syed Shabihul Hassan .
  • Muhammad Farhan .
  • Hassan Mobeen Alam .
DOI: https://doi.org/10.22610/jebs.v3i2.261

Abstract

This study investigates the factors that determine and enhance economic growth. The factors to determine the economic growth of South Asian Association for Regional Cooperation (SAARC) countries are foreign direct investment, total debt, gross domestic investment and inflation. Simple ordinary least square is applied to analyze the determinates of economic growth with the help of panel data for 39 years with annual frequency from 1971 to 2009. The economic growth may gain boost by the factors not only by these but also many others. In this study foreign direct investment and inflation are found having inverse relationship with economic growth while gross domestic investment and total debt are found positively associated with economic growth. This study may prove useful contribution for policy making for South Asian countries.

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Published
2011-08-15
How to Cite
Akram, M., ., S. S. H., ., M. F., & ., H. M. A. (2011). Empirical Analysis of Determinants of Economic Growth: Evidence from SAARC Countries. Journal of Economics and Behavioral Studies, 3(2), pp. 115-121. https://doi.org/10.22610/jebs.v3i2.261
Issue
Vol 3 No 2 (2011)
Section
Research Paper

Copyright (c) 2011 Journal of Economics and Behavioral Studies

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