Since 2014
Consequences of Capital formation, Trade Liberalization on the Economic Growth: Pakistan’s Experience
Journal of Management Info
View Archive Info| Field | Value | |
| Title |
Consequences of Capital formation, Trade Liberalization on the Economic Growth: Pakistan’s Experience
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| Creator |
Bukhari, Nadia; COMSATS Institute of Information Technology
Iqbal, Anjum; COMSATS Institute of Information Technology |
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| Subject |
Trade Openness; Economic Growth; Capital Formation; ARDL Technique
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| Description |
This study considers the long run relationship between the liberalization of trade, capital formation and the economic growth of Pakistan by using the time series data from 1975-2013. The main aim of this study is to examine that how much liberalization of trade and capital formation affects the economic growth of Pakistan in long run. The approach that has been used for empirical analysis is Auto Regressive Distributed Lag (ARDL) model. Under the ADF test capital formation (CF) is stationary at its first level but the trade openness (TO) and GDP is stationary at its first difference. Moreover, the granger casualty test is evident that there become a casual relationship between the trade openness and GDP. The result of this study shows that both the trade openness and the capital formation determined the economic growth in long run and they both have statistically significant effect on the GDP. Furthermore it has has been depicted from the study that the trade has a vital role to influence the economic growth.
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| Publisher |
Readers insight Publisher
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| Contributor |
—
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| Date |
2015-03-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
image/pdf
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| Identifier |
http://jmi.readersinsight.net/index.php/jmi/article/view/37
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| Source |
Journal Of Management Info; Vol 5, No 1 (2015): Volume 5, Issue 1; 26-37
2313-3376 |
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| Language |
eng
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| Relation |
http://jmi.readersinsight.net/index.php/jmi/article/view/37/pdf_27
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| Rights |
Copyright (c) 2015 Journal Of Management Info
http://creativecommons.org/licenses/by/4.0 |
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