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Measuring the Impact of Industrialization and Financial Development on Water Resources: A Case Study of Pakistan

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Author(s): Khalid ZAMAN | Muhammad Mushtaq KHAN | Mehboob AHMAD

Journal: Economia : Seria Management
ISSN 1454-0320

Volume: 14;
Issue: 1;
Start page: 222;
Date: 2011;
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Keywords: Economics growth | financial development | industrialization | water resource | cointegration | bonds test | Pakistan

ABSTRACT
The objective of the study examines the impact of industrialization and financial development on water resources, in the specific context of Pakistan. Data set from 1975-2009 are taken for time series analysis. The result reveals that economic growth positively linked with the water resource, as water plays a pivotal role in the economic development of a country. Thus limiting this resource would affect the process of economic growth. Industrial processes have a negative environmental impact which causing water pollution. Financial development has an indirect effect on water consumption, as it shows that private firms finds more funding opportunities in a country, therefore, avoid dirty industry game.

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