IMPACT OF SECTORS (AGRICULTURE, MANUFACTURING, SERVICE & INDUSTRY) ON PAKISTAN’S GDP

Abstract

Objective of the study is to check the impact of the Pakistan’s sectors on the economic growth. For this purpose, econometric techniques such as Ordinary Least Square (OLS) analysis and Johanson Co-integration analysis are applied for the era of 1972 to 2019. Outcomes of the OLS indicate that AGRI, SRV, DI and LFPR has statistically positive impact on GDP of Pakistan. While, the MNF and IND are insignificant in this research. Results recommend that policy makers and government authorities would pay attention towards the manufacturing and industrial sectors and made those policies in which these sectors could be promoted and work effectively and efficiently and take the part in the development of the Pakistan’s economy.