Trade liberalization and industrial growth in Pakistan: a cointegration analysis

Autor:	Nasiruddin Ahmed, Dilip Dutta
Rok vydání:	2004
Předmět:	Error correction model Macroeconomics Economics and Econometrics Industrial growth Endogenous growth theory Cointegration Value (economics) Economics Econometrics Tariff Free trade Term (time)
Zdroj:	Applied Economics. 36:1421-1429
ISSN:	1466-4283 0003-6846
Popis:	Using the framework of an endogenous growth model, this study empirically analyses the relationship between trade policies and industrial growth in Pakistan during the period 1973–1995. The cointegration and error correction modelling approaches have been applied. The empirical results suggest that there exists a unique long-run relationship among the aggregate growth function of industrial value added and its major determinants of the real capital stock, the labour force, real exports, the import tariff collection rate and the secondary school enrolment ratio. The short-term dynamic behaviour of Pakistan's growth function of industrial value added has been investigated by estimating an error correction model in which the error correction term has been found to be correctly signed and statistically significant.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::adf6b99e3f3d14dba211a9de1a4c09d0 https://doi.org/10.1080/0003684042000206951 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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