Financial development, international trade and economic growth: Empirical evidence from Pakistan

Artikel

The study utilizes the Autoregressive-distributed lag (ARDL) approach for cointegration and Granger causality test, to explore the long run equilibrium relationship and the possible direction of causality between international trade, financial development and economic growth for the Pakistan economy. Imports plus exports of goods and services is used as a proxy for international trade, while broad money (M2) and gross domestic product (GDP) are used as the proxies for financial development and economic growth, respectively. Result explores a long run relationship between the variables. In case of Pakistan, economy supply leading hypothesis is accepted. Moreover, unidirectional causality is observed from international trade to economic growth and from financial development to international trade.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Romanian Journal of Fiscal Policy (RJFP) ; ISSN: 2069-0983 ; Volume: 2 ; Year: 2011 ; Issue: 2 ; Pages: 11-19 ; Bucharest: Editura ASE

Classification and Topics

• Classification: Wirtschaft ; Trade Policy; International Trade Organizations ; General Financial Markets: Government Policy and Regulation ; International Economic Order and Integration
• Subject: financial development ; international trade ; economic growth ; Pakistan

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Shaheen, Safana ; Awan, Masood Sarwar ; Waqas, Muhammad ; Aslam, Muhammad Amir
• Event: Veröffentlichung
• (who): Editura ASE
• (where): Bucharest
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/59805
• Last update: 10.03.2025, 11:43 AM CET