Do Economic, Institutional, or Political Variables Explain Economic Growth

Autor:	Syed Mohyuddin, Asma Arif, Hasnat Ahmad
Rok vydání:	2012
Předmět:	Politics Real gross domestic product Economy Corruption media_common.quotation_subject Openness to experience Econometrics Economics Convergence (economics) Time series media_common Term (time)
Zdroj:	International Journal of Business and Management. 7
ISSN:	1833-8119 1833-3850
DOI:	10.5539/ijbm.v7n24p29
Popis:	This study analyzed the impact of trade openness and institutional variables on GDP growth of Pakistan usingannual time series data for the period 1984 to 2010. This study follows the Johansen co-integration analysis anderror correction model to analyze the long run relationship among the variables. The result of Johansenco-integration indicates that there exists a long run equilibrium relationship among the variables in the model.There is a negative long-run relationship between real GDP and trade openness. The relationship betweengovernment stability (GOV_ST) and real GDP is found to be positive whereas the association between real GDPand corruption is found to be negative. The error correction term (ECT) is statistically significant at the 5% levelof significance suggests a moderate speed of convergence to equilibrium.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2725cd1735fe4b1d5e61d39175d7db48 https://doi.org/10.5539/ijbm.v7n24p29 Zobrazit plný text záznamu