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Exports-Led Growth Hypothesis in Pakistan: Further Evidence

  • Akmal, Muhammad Shahbaz
  • Ahmad, Khalil
  • Ali, Muhammad
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    This 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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    File URL: http://mpra.ub.uni-muenchen.de/16043/1/MPRA_paper_16043.pdf
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    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 16043.

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    Date of creation: 2009
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    Handle: RePEc:pra:mprapa:16043
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