Key Factors Contributing in Economic Performance: A Time Series Analysis in Pakistan

Abstract

The current study tried to examine the key factors contributing in economic performance of Pakistan. The study includes major sectors of economy for examined the economic growth. The study used the time series data set from 1980 to 2015. For empirical estimations, checked the stationarity of data and applied the Auto Regressive Distribution Lag Model technique. So, the empirical results explained that agriculture sector, industrial sector and services sector have positive impact on economic performance. Services sector has major contributor in economic growth. While physical capital and human capital have also positive impact on economic growth.

Key words: Performance, Agriculture, Urbanization, Human Capital and Economy