<?xml version="1.0" encoding="UTF-8"?> <article key="pdf/3259" mdate="2010-06-25 00:00:00"> <author>Maqbool Hussain Sial and Maaida Hussain Hashmi and Sofia Anwar</author> <title>Role of Investment in the Course of Economic Growth in Pakistan</title> <pages>668 - 672</pages> <year>2010</year> <volume>4</volume> <number>6</number> <journal>International Journal of Economics and Management Engineering</journal> <ee>https://publications.waset.org/pdf/3259</ee> <url>https://publications.waset.org/vol/42</url> <publisher>World Academy of Science, Engineering and Technology</publisher> <abstract>The present research was focused to investigate the role of investment in the course of economic growth with reference to Pakistan. The study analyzed the role of the public and private investment and impact of the political and macroeconomic uncertainty on economic growth of Pakistan by using the vector autoregressive approach (VAR). In longrun both public and private investment showed a positive impact on economic growth but the growth was largely driven by private investment as compared to public investment. Government consumption expenditure, economic uncertainty and political instability hampered the economic growth of Pakistan. In shortrun the private investment positively influences the growth but there was negative and insignificant effect of the public investment and government consumption expenditure on the growth. There was a positive relationship found between economic uncertainty (proxy for inflation) and GDP in short run.</abstract> <index>Open Science Index 42, 2010</index> </article>