Abstract
This study scrutinizes the impact of two dimensions of globalization—economic and political globalization—and overall globalization on economic growth during 1973-2011 for Pakistan, using a novel and unique dataset on various aspects of globalization. By using ARDL Bound testing approach and ECM, it is revealed that there exists both short and long run relationship among the variables in the model. The long run elasticities of overall and political globalization are positive; thus they are both beneficial for Pakistan. However, the long run coefficient of economic globalization impedes economic growth which can be a reason of high deficit in current account and non-development foreign capital inflows. We conclude that, from the perspective of long-term economic growth, it may be desirable for Pakistan to push for political and overall globalization.