Determinants of Wealth Accumulation: Time Series Evidence from Pakistan
نویسندگان
چکیده
Wealth sustainability has always remained a policy concern for policymakers in developing economies like Pakistan. This study filled the gap by investigating weak and determinants of wealth accumulation 46 years, from 1972 to 2017, been analyzed through Genuine Savings (GS) Index.Moreover, auto-regressive distributive lag (ARDL) model applied find out effects determining factors ̶ which include Government expenditure, real gross domestic product (GDP),real money market rate, life expectancy, supply over accumulation. Results GS estimate imply that during reporting period, economy is sustainable, ARDL results show government product(GDP), expectancy on are significant positive long run, effect interest rate but insignificant.
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ژورنال
عنوان ژورنال: Global economics review
سال: 2022
ISSN: ['2521-2974', '2707-0093']
DOI: https://doi.org/10.31703/ger.2022(vii-i).11