Accessing the Impact of Infrastructure on Industrial Development and Technological Innovations; Evidence from Pakistan
Journal of Contemporary Issues in Business and Government,
2022, Volume 28, Issue 3, Pages 524-536
Abstract
This study aims at the active examination of the strength of accessing the impact of infrastructureon industrial growth and technological innovations in Pakistan, by using annual time series data
is taken from the period 1996 to 2020. The study uses ADF for unit root and ARDL for empirical
estimations. Several works have been done for different variables across the world but this work
is only done for the developing country Pakistan. Positive results have been found among
industry including construction value added, medium of high tech exports and research and
development with Gross fix capital formation in long run but renewable electricity output is not
given significant results for Pakistan’s gross fix capital formation. The study reveals that IVA, RD_
EX & MHTE thrice factors are essential contributors to infrastructure. Policy implications are
a vital essence for the infrastructure of Pakistan, here are some policy suggestions for the
Pakistani government. To strengthen infrastructure by new construct roads, modernized ways of
transportation and innovative machinery installation. The government may take action with
legislative measures according to the country’s welfare on China Pakistan Economic Corridor;
secure investment friendly environment, political stability which can strengthen the economy
construction of modern transportation networks as well as several energy projects backward
province KPK and Pakistan
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