Vol. 1 No. 3 (2011), Articles

Vol. 1 No. 3 (2011)

Exports-Led Growth Hypothesis in Pakistan: Further Evidence

Muhammad Shahbaz⁺⁻
Pervaz Azim⁺⁻
Khalil Ahmad⁺⁻

Muhammad Shahbaz

COMSATS Institute of Information Technology, Lahore Campus, Pakistan

Pervaz Azim

GC University Faisalabad, Pakistan

Khalil Ahmad

Government Vehari College, Vehari, Pakistan

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Keywords

Exports, Economic Growth, ARDL Approach

How to Cite

Shahbaz, M. ., Azim, P. ., & Ahmad, K. . (2011). Exports-Led Growth Hypothesis in Pakistan: Further Evidence. Asian Economic and Financial Review, 1(3), 182–197. Retrieved from https://archive.aessweb.com/index.php/5002/article/view/724

Abstract

The study considers the exports-led growth hypothesis using quarterly data over the period 1990-2008 in case of Pakistan. For this purpose, Ng-Perron unit root test, ARDL bounds testing approach to cointegration and error correction method (ECM) for short run dynamics have been applied. Our results indicate that exports are positively correlated with economic growth confirming the validity of exports-led growth hypothesis. Exchange rate depreciation decreases and real capital stock improves economic growth.

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