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Adoptability of Korean growth model to developing economies : The case study of Pakistan

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  • Adoptability of Korean growth model to developing economies
  • Khan, Rana Ejaz Ali; Batool, Nazma; Sarwar, Javaria
  • International Digital Organization For Scientific Information


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Title Adoptability of Korean growth model to developing economies
Similar Titles
Sub Title

The case study of Pakistan

Material Type Articles
Author(English)

Khan, Rana Ejaz Ali; Batool, Nazma; Sarwar, Javaria

Publisher

[Deira]:International Digital Organization For Scientific Information

Date 2013
Journal Title; Vol./Issue Middle-East Journal of Scientific Research:no. 13
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Trade
Economy < Others
Holding IDOSI

Abstract

The study attempted to see whether Pakistan economy can follow the Korean growth model or not. For the purpose Granger causality has been employed for the relationship between GDP and exports, capital formation, employment and education for both countries. Annual time series data for the years 1971-2010 has been analyzed through ECM. The results explained that capital formation and employment causes GDP to grow in Korea while the relationship was non-existent for Pakistan. Education also played an important role for growth of GDP in Korea. Pakistan may follow Korea for the positive impact of these macroeconomic variables.