Artikel

Nexus between financial development, agriculture raw material exports, trade openness and economic growth of Pakistan

The objective of this of the study is to evaluate the role of financial development, Agriculture raw materials and the extent of openness to trade in economic development of Pakistan for the period 1980-2012, by using Vector Auto Regressive (VAR) model. Empirical results showed that there exist a long-run relationship between financial development, agriculture raw material exports, and output growth. Normalized cointegrating equations revealed that, Raw material exports, trade openness and domestic credit to private sector are positively effecting the Economic growth of Pakistan, while M2 has negative impact on Economic growth of Pakistan. A two way causal relationship has been determined between trade openness and economic growth and raw material exports and economic growth. Our results revealed that raw material exports and finial development are positively related to agriculture growth; however, the impact of financial development is relatively week.

Sprache
Englisch

Erschienen in
Journal: Pakistan Journal of Commerce and Social Sciences (PJCSS) ; ISSN: 2309-8619 ; Volume: 8 ; Year: 2014 ; Issue: 3 ; Pages: 629-639 ; Lahore: Johar Education Society, Pakistan (JESPK)

Klassifikation
Wirtschaft
Thema
trade openness
agriculture raw material
exports
economic growth
vector auto regressive

Ereignis
Geistige Schöpfung
(wer)
Khan, Muhammad Zaheer
Lodhi, Abdul Salam
Ereignis
Veröffentlichung
(wer)
Johar Education Society, Pakistan (JESPK)
(wo)
Lahore
(wann)
2014

Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Khan, Muhammad Zaheer
  • Lodhi, Abdul Salam
  • Johar Education Society, Pakistan (JESPK)

Entstanden

  • 2014

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