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Title: |
Exports and Economic Growth: The Pakistan Experience |
| Author: |
Khan, Ashfaque
H.; Saqib, Najam |
| Author
Affiliation: |
Pakistan
Institute of Development Econ |
| Source: |
International Economic Journal, Autumn 1993, v. 7, no. 3, pp. 53-64 |
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Publication Date: |
Autumn 1993 |
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Abstract: |
The relationship between exports and
economic growth has been examined extensively in recent years for a
variety of countries. These studies suffer from two shortcomings. First,
using cross-country data these studies assume similar technology across
the countries. Second, ignoring simultaneity between exports and
economic growth their parameter estimates are biased and inconsistent.
This paper examines the relationship between these two variables in a
simultaneous equation framework and uses 3SLS technique. Not only a
strong positive association between exports performance and economic
growth is found but more than 90 percent of the contribution of exports
to economic growth is indirect in nature. |
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