The Impact of Financial Development and Energy Use on Economic Growth in Pakistan: Linear ARDL Analysis

This study explores the impact of financial development and energy use on economic growth in Pakistan. The study employed ARDL from 1971 to 2021. Results show financial development, energy use, gross fixed capital formation and inflation are highly significant with economic growth, while trade openness is insignificant. On behalf of results, it is suggested that policymakers devise ways to improve credit allocation and regulatory and institutional frameworks to enable the financial industry to impact economic growth and positively boost the sector's efficiency. Conclusions drawn from the preceding suggest that policymakers should implement measures that promote sustainable economic growth and efficient energy consumption