Abstract
Previous studies were limited to analyze the relationship
between foreign direct investment and economic growth of
Pakistan. The present study is making addition to the literature
by analyzing the relationship foreign direct investment inflows in
the Postal and Courier Services and economic growth of
Pakistan. The time period of the study is from 2005 to 2015.
Ordinary least squares, Granger Causality test and Vector Auto
regression has been applied for estimating the study results. The
main findings of the study show that foreign direct investment
inflows in the postal and courier services put a positive and
significant and positive impact on the economic growth of
Pakistan. The Granger Causality test shows a one directional
relationship between the foreign direct investment inflows in
postal and courier and economic growth. The VAR test results
also supported the overall results. These findings show that
foreign direct investment in postal and courier services is also
an important indicator of the economic growth of Pakistan.
Muhammad Tariq, Shahid Jan, Fazli Qadir, Irfan Ullah. (2017) The Effect of Foreign Direct Investment in Postal and Courier Services on the Economic Growth of Pakistan , The Dialogue, Volume 12, Issue 1.
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