Budget Deficit: A Dilemma of Pakistan’s Economy
DOI:
https://doi.org/10.52131/joe.2022.0401.0066Keywords:
Budget deficit, Debt Burden, GDP, ARDL, PakistanAbstract
The study has been carried out for investigating the effects of nominated independent variables on the budget deficit of Pakistan. For it, data has been collected for the period ranging from 1972 to 2019. ARDL Technique has been employed for carrying out the empirical analysis. The dependent variable is budget deficit; however, oil price hikes, work remittances, per capita income, corruption, and GDP deflator is marked as the independent variable. The fallouts of the empirical analysis reveal that there exists a direct association among the dependent and independent variables except for per capita income and work remittances as they are related indirectly.
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Copyright (c) 2022 Muhammad Zahir Faridi , Rashid Ahmad, Altaf Hussain, Ahmad Usama
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.