Relationship between the Financial Market Growth, FDI, Trade Openness, with Economic Growth in Pakistan

Authors

  • Dr. Waqar Munir DB&F University of the Punjab Gujranwala Campus Gujranwala, Pakistan, (Corresponding Author), Email: waqarmunir7126@gmail.com
  • Dr Muhammad Sadiq Malik Bahria University Islamabad, Pakistan
  • Dr. Abdul Hafeez Imperial College of Business Studies Lahore
  • Dr. Muhammad Navid Iqbal Faisalabad Business School, National Textile University, Faisalabad

DOI:

https://doi.org/10.71145/rjsp.v3i3.362

Keywords:

FDI, GDP, Trade Openness, Financial Market, Economic Growth

Abstract

This study attempts to analyze the relationship between FDI, financial market growth, and trade openness with economic growth by using annual time series data (1989-2013). The second is the meta-analysis using NVivo software for the interpretation of different past studies. A multiple regression test has been applied to check the cause-and-effect relationship between these variables. The results support a strong positive impact of trade openness and FDI, and a negative with financial market growth on economic growth in the long run. For achieving higher economic growth in Pakistan, attention must be directed towards decisive economic policies related to liberalizing trade and utilizing maximum resources for the growth of the financial market and Trade openness in Pakistan. The results are valuable for both academics and investors.

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Published

2025-08-12

How to Cite

Dr. Waqar Munir, Dr Muhammad Sadiq Malik, Dr. Abdul Hafeez, & Dr. Muhammad Navid Iqbal. (2025). Relationship between the Financial Market Growth, FDI, Trade Openness, with Economic Growth in Pakistan. Review Journal of Social Psychology & Social Works, 3(3), 807–817. https://doi.org/10.71145/rjsp.v3i3.362

Issue

Vol. 3 No. 3 (2025): Review Journal of Social Psychology & Social Works (July - September, 2025)

Section

Articles