Record Details

Impact of Merchandize and Services Trade on Economic Growth of Pakistan

Journal of Contemporary Research in Business, Economics and Finance

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Field Value
 
Title Impact of Merchandize and Services Trade on Economic Growth of Pakistan
 
Creator Afzal, Muhammad
Ahmed, Sheikh Shoaib
Waseem Shahzad, Muhammad
 
Description Trade comprises both merchandize and services trade. However, the former has over eclipsed the latter. Today services trade has also emerged an important component of international trade. Recent studies show that services trade is rapidly growing which assigns relative importance to services trade in developing economies. This study focused on Pakistan and empirically compared services and merchandise trade for the period 2001-2016. Model-I provided robust results. Merchandised trade has positive and significant impact on economic growth of Pakistan. Trade promotion not only depends on domestic economic conditions but also on favourable global economic scenario. Model-II estimation results are visibly different from that of Model-I. Services trade has negative impact on economic growth. Services exports have remained well below services imports that culminated in negative impact on economic growth. Pakistan policy makers may address the services trade seriously in order take care of adverse services trade balance that could be made possible by exploring weak areas of services exports with emphasis on innovation and information technology development.
 
Publisher Learning Gate
 
Date 2019-04-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://learning-gate.com/index.php/2641-0265/article/view/28
 
Source Journal of Contemporary Research in Business, Economics and Finance; Vol 1 No 1 (2019); 30-36
2641-0265
 
Language eng
 
Relation http://learning-gate.com/index.php/2641-0265/article/view/28/27