Key Assessment Indicators of Infrastructure for the Sustainability of Economic Development: An Empirical Investigation of Pakistan
Abstract
Purpose: This study addresses the linkage between the gross domestic product and infrastructure in Pakistan. The time frame taken for this study is from 1977-2019. The information utilized in this study is taken from reliable sources; World Bank.
Methodology: ARDL method is utilized in this study with the assistance of E-VIEWS 10 programming. To consider the effect of infrastructure on GDP; the factors are utilized, for example, gross fixed capital formation, health expenditures, total generation age of power, life expectancy, and government expenditure on education.
Findings: The consequences of this study show that the gross fixed capital formation, wellbeing consumption, and workforce have a positive connection to GDP. Then again, the total generation of electricity and government expenditures on schooling adversely affect the economy of Pakistan. The infrastructure is one of the principals and fundamental variables for the improvement of the economy of Pakistan. The helpless state of infrastructure in Pakistan is probably the greatest deterrent in the advancement of the country. The public authority should zero in on the upgrading of the approaches in regards to the infrastructure area.
Implication: This study witnesses a positive link with the gross domestic product of Pakistan, this is the reason the government of Pakistan should work on the development of the labor force. For the development of the labor force, the government should organize training sessions, workshops, institutions for technical and vocational education, and many other projects.
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