Exports-Led Growth Hypothesis in Pakistan: Further Evidence
AbstractThis paper examines the exports-led growth hypothesis using quarterly data from 1990 up to 2008 for Pakistan. In doing so, ARDL bounds testing approach, Error Correction Method (ECM) and Ng-Perron test for integration have been employed. The empirical findings show that exports are positively correlated with economic growth. This confirms the validity of exports-led growth hypothesis in the case of Pakistan both for short run and long span of time. Exchange rate depreciation declines economic growth while running real capital stock improves it.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 16043.
Date of creation: 2009
Date of revision:
Exports; Economic Growth; ARDL Approach;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
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