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Democracy and Economic Growth in Pakistan

It is experiential from growth literature that nations which have democratic regime be inclined higher level of economic growth. Due to significance of democracy for economic prosperity, up till know too much research work have been done on this hot issue, even though study regarding the nature of relationships between targeted variables in Pakistan still has research thrust. Exploration of that either democracy robustly and significantly affect the pace of economic growth in Pakistan is still in research pipeline. In this study to appraise the possibilities of relationships between democracy and economic growth in Pakistan, ARDL estimation technique is performed on annually observed democracy index and growth deputy. We use 38 annual observations for analysis. Index of democracy is developed by adopting the methodology designed by Alliance for Reforms and Democracy in Asia (ARDA). Results demonstrate that democracy played noteworthy task in the game of economic prosperity in Pakistan.