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The Impact of Industrial Policy on Export Diversification: Some Empirical Evidences from Pakistan

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  • Amir Azam

    (Pakistan Institute of Development Economics)

Abstract

Export sector is considered as the backbone of any economy. The economy which is efficient and competitive in global market enjoys better export performance otherwise become dependence on foreign goods market. Pakistan being a developing economy faces worse export performance as compare to its past competitors and currently economy faces huge current account deficit. The current study made an attempt to check the relationship between Industrial Policy and export diversification using ARDL approach because of different integration nature of variables under consideration from 1980-2018. The findings of the study suggests that there is strong relationship between industrial Policy instruments and export diversification both in short run and long run and by enhancing strong and visionary Industrial Policies and less relying on imports, the economy can enjoy sufficient growth and diversify its export structure.

Suggested Citation

  • Amir Azam, 2020. "The Impact of Industrial Policy on Export Diversification: Some Empirical Evidences from Pakistan," Technium Social Sciences Journal, Technium Science, vol. 5(1), pages 84-96, March.
    • Handle: RePEc:tec:journl:v:5:y:2020:i:1:p:84-96
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    References listed on IDEAS

    as
    1. Muhammad A. Quddus & Ikram Saeed, 2005. "An Analysis of Exports and Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 921-937.
    2. Hamna Ahmed & Naved Hamid, 2014. "Patterns of Export Diversification: Evidence from Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(Special E), pages 307-326, September.
    3. Aamir Hussain Siddiqui, 2018. "Export Diversification and Growth in Pakistan: An Empirical Investigation from 1972 to 2015," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 10(1), pages 107-132, March.
    4. Madani, Dorsati, 1999. "A review of the role and impact of export processing zones," Policy Research Working Paper Series 2238, The World Bank.
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    More about this item

    Keywords

    Industrial Policy; Herfindal Index; Market Penetration; Export Diversification Index;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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