國際貿(mào)易對巴基斯坦經(jīng)濟增長的影響研究.pdf

1、International trade is considered a key engine to enhance economic growth both in theemerging economies and developed countries through various factors like physicalcapital, human capital,labor force and inflation,etc.Th

2、e present paper aims toemphasize the augmented version of the neo-classical growth model,e.g.,Mankiw et al.(1990).After constructing the theoretical models for foreign trade and economic growth,we have checked the data f

3、or stationary by using an Augmented Dickey-Fuller (1997)test and Phillips-Perron (1988) test.After confirming that all data are stationary at a firstdifference I (1),we have used different econometric techniques like Joh

4、ansen (1995)co-integration test,dynamic OLS suggested by Saikkonen (1991) and autoregressivedistributed lag model proposed by Pesaran,Shin,and Smith (2001).The results of ourmodel for international trade and economic gro

5、wth show that exports raise economicgrowth.The results obtained from all the three techniques (Johansen, DOLS, and ARDL)for exports are positive and significant.However, the impact of imports on all the threetechniques i

6、s negative and highly significant, which show that increase in imports leadsto declining economic growth.Therefore, it is concluded that export-led growthhypothesis is valid for Pakistan, while import led growth hypothes