IMPACT OF FINANCIAL CRISES ON PAKISTAN AND CHINA: A COMPARATIVE STUDY OF SIX DECADES

Muhammad Umar Draz ()
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Muhammad Umar Draz: Accounting and Finance at Department of Commerce, Bahauddin Zakariya University, Multan, Pakistan and Doctoral Scholar, Accounting School, Zhongnan University of Economics and Law, Wuhan, China

Journal of Global Business and Economics, 2011, vol. 3, issue 1, 174-186

Abstract: This work is intended to find out the impact of Financial Crises on Pakistan and China and to conclude that which country faced more external financial blows in its history of more than sixty years. We have taken into consideration the Gross Domestic Product (GDP) growth rates of both nations and Chow Break Point testing is applied individually for tracing whether the years of global and international financial crises appear in the economy or not. The results of our analysis obtained from EViews illustrate that China was smacked by the external financial crises more than Pakistan.

Keywords: China; Chow Break-Point Test; Economy; Financial Crises; GDP Growth; Internal issues; Pakistan (search for similar items in EconPapers)
JEL-codes: G01 O57 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:grg:01biss:v:3:y:2011:i:1:p:174-186

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