Arbeitspapier
Trade, financial and growth nexus in Pakistan
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Economic Analysis Working Papers ; No. 2007,14
- Classification
-
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
- Event
-
Geistige Schöpfung
- (who)
-
Khan, Muhammad Arshad
Qayyum, Abdul
- Event
-
Veröffentlichung
- (who)
-
Colegio de Economistas de A Coruña
- (where)
-
A Coruña
- (when)
-
2007
- Handle
- Last update
-
20.09.2024, 8:25 AM CEST
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Khan, Muhammad Arshad
- Qayyum, Abdul
- Colegio de Economistas de A Coruña
Time of origin
- 2007