Exports-Led Growth Hypothesis in Pakistan: Further Evidence
Muhammad Shahbaz Akmal,
Khalil Ahmad and
MPRA Paper from University Library of Munich, Germany
This paper examines the exports-led growth hypothesis using quarterly data from 1990 up to 2008 for Pakistan. In doing so, ARDL bounds testing approach, Error Correction Method (ECM) and Ng-Perron test for integration have been employed. The empirical findings show that exports are positively correlated with economic growth. This confirms the validity of exports-led growth hypothesis in the case of Pakistan both for short run and long span of time. Exchange rate depreciation declines economic growth while running real capital stock improves it.
Keywords: Exports; Economic Growth; ARDL Approach (search for similar items in EconPapers)
JEL-codes: F10 C22 E10 (search for similar items in EconPapers)
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Journal Article: Exports-Led Growth Hypothesis in Pakistan: Further Evidence (2011)
Working Paper: Exports-led growth hypothesis in Pakistan: further evidence (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:16043
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