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TESTING THE RELIABILITY AND EXISTENCE OF IS LM MODEL FOR PAKISTAN

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02 Pages : 13-23

http://dx.doi.org/10.31703/ger.2019(IV-II).02      10.31703/ger.2019(IV-II).02      Published : Jun 2019

Testing the Reliability and Existence of IS-LM Model for Pakistan

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.

    IS-LM model, planned expenditure, Descriptive Statistics, ARDL approach.

    (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 Artsand Social Sciences, University of Education, Lahore, Punjab Pakistan.
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Cite this article

APA

CHICAGO

    CHICAGO : Ali, Gulzar, Said Zamin Shah, and Ghulam Mustafa. 2019. "Testing the Reliability and Existence of IS-LM Model for Pakistan." Global Economics Review, IV (II): 13-23 doi: 10.31703/ger.2019(IV-II).02

HARVARD

    HARVARD : ALI, G., SHAH, S. Z. & MUSTAFA, G. 2019. Testing the Reliability and Existence of IS-LM Model for Pakistan. Global Economics Review, IV, 13-23.

MHRA

    MHRA : Ali, Gulzar, Said Zamin Shah, and Ghulam Mustafa. 2019. "Testing the Reliability and Existence of IS-LM Model for Pakistan." Global Economics Review, IV: 13-23

MLA

    MLA : Ali, Gulzar, Said Zamin Shah, and Ghulam Mustafa. "Testing the Reliability and Existence of IS-LM Model for Pakistan." Global Economics Review, IV.II (2019): 13-23 Print.

OXFORD

    OXFORD : Ali, Gulzar, Shah, Said Zamin, and Mustafa, Ghulam (2019), "Testing the Reliability and Existence of IS-LM Model for Pakistan", Global Economics Review, IV (II), 13-23

TURABIAN

    TURABIAN : Ali, Gulzar, Said Zamin Shah, and Ghulam Mustafa. "Testing the Reliability and Existence of IS-LM Model for Pakistan." Global Economics Review IV, no. II (2019): 13-23. https://doi.org/10.31703/ger.2019(IV-II).02