Exports-led growth hypothesis in Pakistan: further evidence
Muhammad Shahbaz (),
Azeem Pervaz and
MPRA Paper from University Library of Munich, Germany
The study considers the exports-led growth hypothesis using quarterly data over the period 1990-2008 in case of Pakistan. For this purpose, Ng-Perron unit root test, ARDL bounds testing approach to cointegration and error correction method (ECM) for short run dynamics have been applied. Our results indicate that exports are positively correlated with economic growth confirming the validity of exports-led growth hypothesis. Exchange rate depreciation decreases and real capital stock improves economic growth.
Keywords: Exports; Economic Growth; ARDL Approach (search for similar items in EconPapers)
JEL-codes: F1 (search for similar items in EconPapers)
Date: 2011-09-04, Revised 2011-09-18
New Economics Papers: this item is included in nep-fdg
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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 (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33617
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