Trade Development in Pakistan: An Evidence by Gravity Model Approach
| Autor: | Allah Bux Lakhan, Zulfiqar Ali Keeryo, Faiz Muhammad Khuwaja |
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| Rok vydání: | 2022 |
| Předmět: | |
| Zdroj: | Global Economics Review. :90-102 |
| ISSN: | 2707-0093 2521-2974 |
| DOI: | 10.31703/ger.2022(vii-ii).08 |
| Popis: | This study estimated the trade potential of Pakistan by using the gravity model of trade. In this research, the panel data is used for the time period 1995-2018 for 42 counties under analysis. The country's potential trade is predicted with some specific trading partners as well as globally in the context of coefficients results obtained from the model. The outcomes indicated that Pakistan's potential in terms of trade is at maximum level in (ASEAN), (EU), Middle East, Latin America and North America. The potential for trade is very lower with (SAARC) and (ECO). The key issues analyzed by this study are; political and social barriers with neighboring countries, specifically India and Pakistan, which are the biggest economies of SAARC. The same barriers seemed in the EU and NAFTA. In this situation, the Exports of Pakistan are badly impacted by political crises. |
| Databáze: | OpenAIRE |
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