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
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)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://rfh.org.pk/jur/paper/import-demand-economic ... agazine_category=bbe (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:3:y:2014:i:2:p:131-141
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.
Series data maintained by Dr. Muhammad Irfan Chani (PhD Applied Economics) ().