Exports-Led Growth Hypothesis in Pakistan: Further Evidence
Journal Title: Asian Economic and Financial Review - Year 2011, Vol 1, Issue 3
Abstract
The study considers the exports-led growth hypothesis using quarterly dataover the period 1990-2008 in case of Pakistan. For this purpose, Ng-Perronunit root test, ARDL bounds testing approach to cointegration and errorcorrection method (ECM) for short run dynamics have been applied. Ourresults indicate that exports are positively correlated with economic growthconfirming the validity of exports-led growth hypothesis. Exchange ratedepreciation decreases and real capital stock improves economic growth.
Authors and Affiliations
Muhammad Shahbaz| COMSATS Institute of Information Technology, Lahore Campus, Pakistan Email: shahbazmohd@live.com, Pervaz Azim| GC University Faisalabad, Pakistan, Khalil Ahmad| Government Vehari College, Vehari, Pakistan
Keywords
Related Articles
- EP ID EP1726
- DOI -
- Views 589
- Downloads 37
An empirical analysis of the excessive volatility-overconfidence relationship: Evidence from the Tunisian Stock Market
The purpose of this paper is to provide that the explanation of excessive volatility can be only done through an attentive description of the psychological aspects of the investors. Our interest is carried in particular...
MICRO CREDIT AND PROMOTION OF SMALL AND MEDIUM ENTERPRISES IN INFORMAL SECTOR OF GHANA: LESSONS FROM EXPERIENCE
SMEs in developing countries play significant role in the economic activities of those nations. SMEs provide income for many low income households especially in the informal sector. Notwithstanding their contributions...
A STUDY OF CORPORATE WEB-BASED REPORTING IN HOTEL INDUSTRY
This study investigates the web-based reporting of Indian hotel industry and analyzes the pattern and determinants influencing the web-based reporting. Content analysis has been carried out for exploring dissemination of...
ANALYSIS OF MACROECONOMIC FACTORS FOR THE ESTABLISHMENT OF INDUSTRIAL PARKS AND THEIR EFFECTS ON REGIONAL DEVELOPMENT: EMPIRICAL STUDY FROM SLOVAKIA
The aim of this study is to identify and analyze the key macroeconomic factors affecting the establishment and entrepreneurship in industrial parks with positive effects on sustainable regional development in Slovakia as...
WILLINGNESS TO PAY FOR THE TREATMENT OF ENVIRONMENTAL HAZARDS: A CASE STUDY OF PESHAWAR
Safe and human friendly environment is one of the most important issues in world today. This paper has addressed one of such important issue, the treatment of environmental hazard in form of solid waste in Peshawar Distr...