Exports-Led Growth Hypothesis in Pakistan: Further Evidence
AbstractThe study considers the exports-led growth hypothesis using quarterly data over the period 1990-2008 in case of Pakistan. For this purpose, Ng-Perron unit root test, ARDL bounds testing approach to cointegration and error correction method (ECM) for short run dynamics have been applied. Our results indicate that exports are positively correlated with economic growth confirming the validity of exports-led growth hypothesis. Exchange rate depreciation decreases and real capital stock improves economic growth.
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Bibliographic InfoArticle provided by Asian Economic and Social Society in its journal Asian Economic and Financial Review.
Volume (Year): 1 (2011)
Issue (Month): 3 (September)
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Exports; Economic Growth; ARDL Approach;
Other versions of this item:
- Muhammad, Shahbaz & Pervaz, Azeem & Ahmad, Khalil, 2011. "Exports-led growth hypothesis in Pakistan: further evidence," MPRA Paper 33617, University Library of Munich, Germany, revised 18 Sep 2011.
- F10 - International Economics - - Trade - - - General
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
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