Trade, financial and growth nexus in Pakistan

Arbeitspapier

This paper empirically investigates the impact of trade and financial liberalization on economic growth in Pakistan using annual observations over the period 1961-2005. The analysis is based on the bound testing approach of cointegration advanced by Pesaran et al (2001). The empirical findings suggest that both trade and financial liberalization policies play an important role in enhancing economic growth in Pakistan in the long-run. However, the short-run responses of real deposit rate and trade policy variables are very low, suggesting further acceleration of reform process. The feedback coefficient suggests a very slow rate of adjustment towards long-run equilibrium. The estimated equation remains stable over the period of study as indicated by CUSUM and CUSUMQ stability tests.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Economic Analysis Working Papers ; No. 2007,14

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Growth of Open Economies ; General Financial Markets: General (includes Measurement and Data) ; Economic Development: General ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Khan, Muhammad Arshad ; Qayyum, Abdul
• Ereignis: Veröffentlichung
• (wer): Colegio de Economistas de A Coruña
• (wo): A Coruña
• (wann): 2007

Weitere Informationen

• Handle: http://hdl.handle.net/10419/43428
• Letzte Aktualisierung: 20.09.2024, 08:25 MESZ