GDP AND ECONOMIC GROWTH: A CASE STUDY FROM PAKISTAN MACROECONOMIC VARIABLES

Abstract

This study empirically explores the relationship between the inflation rate, the unemployment rate, exports, gross domestic product and the current account balance with gross domestic product. The study covered the period from 2001 to 2017. From the analysis, it is concluded that there is no stationarity and normality in the data. The OLS indicates a negative relationship between the current account balance, the inflation rate and exports. However, the inflation rate, exports and external debt have a positive relationship with gross domestic product.