Infrastructure and Development in Pakistan
Introduction:- This paper aims to research the connection between physical infrastructure and economic development of Asian nation . A composite index of physical infrastructure has been created through Principal element Analysis. This has been done by taking into consideration 3 totally different dimensions of infrastructure i.e. transportation infrastructure, energy infrastructure and telecommunication infrastructure. Johansen Cointegration Technique has been applied to verify the existence of co-integration among the variables of our interest. The empirical analysis shows that co-integration exists among the variables of economic development, utilized labour force, gross personal mounted capital formation and physical infrastructure. The variables of utilized labour force, gross personal mounted capital formation and physical infrastr...