Key Assessment Indicators of Infrastructure for the Sustainability of Economic Development: An Empirical Investigation of Pakistan

Abstract

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. 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. These factors are utilized as the intermediary of the framework. Gross Domestic Product is taken as the dependent variable while net fixed capital arrangement, health consumption, complete age of power, future, and government uses on schooling are taken as autonomous factors in this paper. 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, for instance; enhancements in the health sector, progression in the energy area, abilities advancement preparing places for the workforce, and upgrades in the schooling area. All the previously mentioned steps can assist with improving economic development through infrastructural improvement.

Keywords

• Gross Domestic Product
• Gross Fixed Capital Formation
• Health Expenditures
• Total Generation of Electricity
• Labor Force