Relationship between Exports and Economic Growth of Pakistan

European Journal of Social Sciences, 32 (3), 453-460

8 Pages Posted: 28 Aug 2012 Last revised: 23 Sep 2012

See all articles by Dr. Irfan Hameed

Dr. Irfan Hameed

Iqra University

Athar Iqbal

affiliation not provided to SSRN

Komal Devi

affiliation not provided to SSRN

Date Written: July 1, 2012

Abstract

The nature of the relationship between exports and country’s economic growth has been one of the most debated topic in the recent past, yet with little consensus. Central to this debate is the question of whether strong economic performance is export-led or growth driven. This question is important because the determination of the causal pattern between export and growth has important implications for policy-makers' decisions about the appropriate growth and development strategies and policies to adopt. This paper investigates the causality between exports and economic growth of Pakistan, through the application of econometric technique Granger causality by using real exports of Pakistan, real GDP of Pakistan, and real terms of trade of Pakistan. The results are based on annual data collected from 1960 to 2009. The empirical results from Granger causality technique clearly indicate that there exists unidirectional causality from GDP to exports in Pakistan but not vice versa.

Keywords: Exports, GDP, Growth, Causality

Suggested Citation

Hameed, Irfan and Iqbal, Athar and Devi, Komal, Relationship between Exports and Economic Growth of Pakistan (July 1, 2012). European Journal of Social Sciences, 32 (3), 453-460, Available at SSRN: https://ssrn.com/abstract=2136602

Irfan Hameed (Contact Author)

Iqra University ( email )

Defence View, Phase-2
Karachi, Sindh
Pakistan

Athar Iqbal

affiliation not provided to SSRN

Komal Devi

affiliation not provided to SSRN

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