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Effects of Globalization on Public Purchasing With Mediating Role of Research and Development: Empirical Evidence from Pakistan

Author :
  • Muhammad Waseem Akram
  • Irfan Ahmad
  • Ansar Abbas
  • Farooq Ahmad
  • Muhammad Hussnain
Abstract
This research examines the effect of globalization on public purchasing in Pakistan from 2002 to 2018 by applying dynamic ARDL simulation model. Dynamic ARDL simulations model has ability to calculate the real positive and negative modification in the independent variables and its influence on the dependent variable. The studied outcomes of dynamic ARDL simulations shows that foreign direct investment, research &development, gross domestic product and economic global index have positive effect on public purchasing in Pakistan while inflation, interest rate have negative effect on public purchasing in Pakistan. Based on the results of this study policy implications are suggested for Pakistan.
Keywords : Globalization, Foreign Direct Investment, GDP, R&D, ECGI, Dynamic ARDL simulations
Volume 2 | Issue 3
DOI :