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  • 标题:The Causal Relationship between Openness and Economic Growth: Empirical Evidence in Case of Pakistan
  • 本地全文:下载
  • 作者:Sulaiman D. Muhammad ; Adnan Hussain ; Shoaib Ali
  • 期刊名称:Pakistan Journal of Commerce and Social Sciences
  • 印刷版ISSN:1997-8553
  • 出版年度:2012
  • 卷号:6
  • 期号:2
  • 页码:382-391
  • 语种:English
  • 出版社:Johar Educational Society
  • 摘要:Evaluation of long run relationship of the openness policy and Pakistan’s economic growth is the prime objective of the study. Two different econometric techniques i.e. Johnson co-integration technique and Error Correction Model are applied to estimate therelationship with annual data span from 1970 to 2012. Export, import and Foreign Direct Investment are taken as variables which show a broader sense of openness. The result of our study shows that there is a long run relationship between openness and economicgrowth with reference of Pakistan. Further, the study proofs the Export Led Growth hypothesis in case of Pakistan.
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