Does External Debt Causes Economic Growth: A Case Study of Pakistan

Mohsin Nawaz (), Maria Qureshi () and Naveed Wahid Awan ()
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Mohsin Nawaz: M.Phil student, Applied Economics Research Centre University of Karachi, Karachi
Maria Qureshi: M.Phil student, Applied Economics Research Centre University of Karachi, Karachi
Naveed Wahid Awan: PAF KIET Karachi

Romanian Economic Journal, 2012, vol. 15, issue 43, 131-144

Abstract: This study attempts to examine the long run and short run dynamics of external debt and economic growth in Pakistan. For this purpose, we employed the Johansen cointegration test and Granger causality test. The empirical analysis cover the study span from 1980 to 2010, shows the evidence of long run relationship between external debt and economic growth. In the short run, there is bidirectional causality exist between external debt and economic growth

Keywords: External debt; Economic growth; Johansen Cointegration; Granger Causality; Impulse response functions (search for similar items in EconPapers)
JEL-codes: F34 H63 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:15:y:2012:i:43:p:131-144

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