Abstract
The IS-LM model was
considered indispensable and
had great importance and recital for
macroeconomic phenomenon at theoretical as well
empirical analysis since 1960s. Now a days the
applications of IS-LM model has been greatly
restricted to few situations depicts losing the
fame. However it has been a crucial part of the
basic principles and manuscripts of
macroeconomics long since 1960s. Observing the
reliability and existence of IS-LM model in case of
Pakistan, for that purpose the study regressed two
model; in first the basic model without including
the model parameters and in second, with model
parameters. The empirical results found the
reliability and existence of IS-LM model.
Authors
1-Gulzar Ali Assistant Professor,Department of Economics,Islamia College Peshawar, KP, Pakistan.2-Said Zamin Shah Assistant Professor,Department of Economics,Islamia College Peshawar, KP, Pakistan.3-Ghulam Mustafa Assistant Professor,Department of Economics and Business Administration,Division of Arts
and Social Sciences, University of Education, Lahore, Punjab Pakistan.
Keywords
IS-LM model, planned expenditure, Descriptive Statistics, ARDL approach.
DOI Number
10.31703/ger.2019(IV-II).02
Page Nos
13-23
Volume
IV
Issue
II