Evaluating the Impact of Logistics Sector Development on Economic Growth of Pakistan: A Time Series Approach
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Date
2015
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UMT, Lahore
Abstract
Logistic sector, which is considered as a significant role on countries economic growth and development. Developments in logistic sector facilitate the global trade; increase the competitiveness in countries and its show to be a main determinant of growth and development. Finally, this paper gives the recommendation for the growth of logistics industry and economic growth in Pakistan. This paper used ARDL test method to analyze the relation between GDP growth and logistic sector development in Pakistan .This study indicates many variables in logistic sector, 13 variables are used in factor index to make 4 indexes of transportation (road, sea, air, and rail). Long run results shows that one sector of Pakistan i.e. railways have negative effect to GDP and other sectors like Pakistan road, sea and air have positive effect to GDP the short run results shows that only one sector of Pakistan i.e. air port have positive effect to GDP.This research shows that the development of logistic sector is promoting the economic growth in Pakistan.