Economics at your fingertips  

Import Demand, Economic Development and Trade Liberalization in Pakistan: An Empirical Analysis

Muhammad Wasif Siddiqi, Amjad Ali () and Muhammad Chani ()
Additional contact information
Muhammad Wasif Siddiqi: Visiting Professor, GCU, Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2014, vol. 3, issue 2, 131-141

Abstract: This study empirically investigates the effects of trade liberalization and economic development on income and price elasticities of import demand in Pakistan. The data used for empirical analysis covers the period of 1972 to 2009. Johanson co-integration test is used to confirm the equilibrium relationship among the variables included in the study. The short run dynamics are estimated through Vector Error Correction Mechanism. The results indicate that trade liberalization in Pakistan positively influences income elasticity of import demand. Similarly, price elasticity of import demand in Pakistan is positively related to level of economic development in the country.

Keywords: import demand; trade liberalization; economic development; price; Pakistan (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link) (application/pdf) ... agazine_category=bbe (text/html)

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:

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani (PhD Applied Economics)

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani (PhD Applied Economics) ().

Page updated 2019-01-26
Handle: RePEc:rfh:bbejor:v:3:y:2014:i:2:p:131-141