Starting with Romer [1987] and Rivera-Batiz-Romer [1991] economists have been able to model how trade enhances growth through the creation and import of new varieties. In this framework, international trade increases economic output through two channels. First, trade raises productivity levels...

Starting with Romer [1987] and Rivera-Batiz-Romer [1991] economists have been able to model how trade enhances growth through the creation and import of new varieties. In this framework, international trade increases economic output through two channels. First, trade raises productivity levels...

The objective of this of the study is to evaluate the role of financial development, Agriculture raw materials and the extent of openness to trade in economic development of Pakistan for the period 1980-2012, by using Vector Auto Regressive (VAR) model. Empirical results showed that there exist...