EconPapers    
Economics at your fingertips  
 

The impact of financial openness, trade openness on macroeconomic volatility in Pakistan: ARDL Co Integration approach

Hira Mujahid and Shaista Alam
Additional contact information
Hira Mujahid: Applied Economics Research Center, University of Karachi, Karachi-75279, Pakistan

Authors registered in the RePEc Author Service: Dr.Hira Mujajhid ()

E3 Journal of Business Management and Economics., 2014, vol. 5, issue 1, 001-008

Abstract: The purpose of this paper is to investigate the relationship between trade openness, financial openness and macroeconomic volatility in Pakistan. For this purpose, time series data from 1970-2010 and ARDL co integration technique was used to find the long run relationship. The results proposed that in the long run, trade openness generates volatility in output and investment, whereas financial openness has significant effect only on investment volatilities. Furthermore, the error correction model suggested that in the short run, trade and financial openness significantly affect output, consumption and investment volatilities.

Keywords: Macroeconomic Volatility; Trade openness; financial openness; Consumption; Investment. (search for similar items in EconPapers)
Date: 2014-01
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://e3journals.org/cms/articles/1389760336_Hira%20and%20Shaista.pdf Full text

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:etr:series:v:5:y:2014:i:01:p:001-008

Access Statistics for this article

More articles in E3 Journal of Business Management and Economics. from E3 Journals
Bibliographic data for series maintained by Andrew Godwin ().

 
Page updated 2021-03-31
Handle: RePEc:etr:series:v:5:y:2014:i:01:p:001-008