|
|
|
|
Title: |
Causality between Exports, World Income and Economic Growth in Pakistan |
| Author: |
Afzal, Mohammad |
| Author
Affiliation: |
Department of Economics, Gomal University, D.I. Khan - Pakistan |
| Source: |
International Economic Journal, March 2006, v. 20, no. 1, pp. 63-78 |
|
Publication Date: |
March 2006 |
|
Abstract: |
This paper investigates the direction of causation between GDP representing economic growth, exports and its different categories, imports and world income. After experiencing vigorous import-substitution in the past decades, Pakistan adopted outward-looking strategy in the late 1980s with emphasis on export promotion. Strong and stable relationship between GDP and exports and bi-directional causality between manufactured exports and GDP has been found. Export promotion policy is pursued consistently with emphasis on manufactured exports and this is most likely to contribute adequately to economic growth in the long run. |
|
