Exports-led growth hypothesis in Pakistan: further evidence

Muhammad Shahbaz (), Azeem Pervaz and Khalil Ahmad

MPRA Paper from University Library of Munich, Germany

Abstract: The study considers the exports-led growth hypothesis using quarterly data over the period 1990-2008 in case of Pakistan. For this purpose, Ng-Perron unit root test, ARDL bounds testing approach to cointegration and error correction method (ECM) for short run dynamics have been applied. Our results indicate that exports are positively correlated with economic growth confirming the validity of exports-led growth hypothesis. Exchange rate depreciation decreases and real capital stock improves economic growth.

Keywords: Exports; Economic Growth; ARDL Approach (search for similar items in EconPapers)
JEL-codes: F1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg
Date: 2011-09-04, Revised 2011-09-18
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Journal Article: Exports-Led Growth Hypothesis in Pakistan: Further Evidence (2011)
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:33617

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