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The article investigates the impacts of imports and foreign capital inflows on economic growth of Pakistan over the period 1990 to 2010. We have applied the structural break autoregressive distributed lag (ARDL) bounds testing approach to cointegration to examine the long-run relationship...
Persistent link: https://www.econbiz.de/10010683596
This paper explores the relationship between exports, financial development and economic growth in case of Pakistan. In … applying innovative accounting approach (IAA). The analysis confirms cointegration for the long run relation between exports … development spur exports growth in Pakistan. The causality analysis reveals feedback hypothesis that exists between financial …
Persistent link: https://www.econbiz.de/10011107543
Despite a bourgeoning literature on the existence of a long-run relationship between energy consumption and economic growth, the findings have failed to establish clearly the direction of causation. A growing economy needs more energy, which is exacerbated by growing population. Evidence...
Persistent link: https://www.econbiz.de/10012959944
This paper explores the dynamic linkages between income inequality, international remittances and economic growth using time series data over the period of 1976-2006 in case of Pakistan. The cointegration analysis based on the bounds test confirms the existence of a long-run relationship between...
Persistent link: https://www.econbiz.de/10011110086
Persistent link: https://www.econbiz.de/10011339588
Persistent link: https://www.econbiz.de/10010432211
The relationship between financial development and economic growth is not conclusive in existing economics literature. The aim of this paper is to test two hypotheses: ‘supply-leading’ hypothesis and ‘demand-following’ hypothesis, using Laos time series data. The ARDL bounds testing...
Persistent link: https://www.econbiz.de/10010799082
Persistent link: https://www.econbiz.de/10011610567
-Douglas production function by incorporating exports, capital and labor as additional factors of production. We apply the ARDL bounds … long run relationship. The results also indicate that natural gas consumption, exports, capital and labor are contributing … should be discouraged. The bidirectional causality is also found between exports and economic growth, gas consumption and …
Persistent link: https://www.econbiz.de/10010860492
The study considers the exports-led growth hypothesis using quarterly data over the period 1990-2008 in case of … (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 …
Persistent link: https://www.econbiz.de/10009394335