Open AccessEffects of Trade, Environment Quality and Human Capital on Industrial Sector Output in Developing Countries: A Panel Data Analysis
Author(s) -
Ismat Nasim,
Imran Sharif Chaudhry,
Furrukh Bashir
Publication year - 2022
Publication title -
irasd journal of economics
Language(s) - English
Resource type - Journals
eISSN - 2709-6742
pISSN - 2709-6734
DOI - 10.52131/joe.2022.0401.0065
Subject(s) - panel data , economics , human capital , gdp deflator , openness to experience , capital consumption allowance , monetary economics , developing country , physical capital , capital deepening , secondary sector of the economy , capital formation , macroeconomics , labour economics , financial capital , real gross domestic product , economy , econometrics , economic growth , psychology , social psychology
The study is conducted to explore the effectiveness of various variables i.e. Trade, Environmental Quality and Human Capital on Industrial Sector Output by taking data of 63 developing economies, Panel Unit root and Panel ARDL approaches are applied for empirical results. The supporting variable are selected from theoretical support like Labor, Capital, Broad Money, GDP deflator and human capital. The study explores that Money Supply, Human Capital, Government Expenditure and Capital Stock are increasing industrial sector output, but it is reduced by Carbon Dioxide Emission, Trade Openness, Labor Force and Price Level.