期刊名称：International Journal of Economic Practices and Theories
印刷版ISSN：2247-7225
出版年度：2013
卷号：3
期号：3
页码：192-202
语种：English
出版社：International Journal of Economic Practices and Theories
摘要：Abstract: Foreign Direct Investment (FDI) is the largest source of inflow offoreign earnings for the countries of the developing world. This study examinesthe short and long run association between FDI, exports and growth for Pakistanby employing the Autoregressive and Distributed Lags (ARDL) approach in thetime series framework from 1975 to 2011. Augmented Dickey Fuller (ADF) test isapplied for checking the stationarity of data, while ARDL technique is appliedfor the presence of cointegration; long run relationship and short runrelationship among macroeconomic variables in case of Pakistan. The ARDL modelfound cointegration at level among the variables while the Error CorrectionTerm (ECT) is insignificant at 1% significance level. The positive relationshipbetween FDI and exports in the short run as well as in the long run ispredicted by the parameters of ARDL. The study suggests thatgovernment should attract FDI in those sectors which mainly contribute toexports directly (like textile manufacturing) or indirectly (like powergeneration sector) to make exports competitive in the international market.
关键词：Economics;ARDL, exports, foreign direct investment (FDI), terms of trade.;F14, F21
