Munich Personal RePEc Archive

Exports-Led Growth Hypothesis in Pakistan: Further Evidence

Akmal, Muhammad Shahbaz and Ahmad, Khalil and Ali, Muhammad (2009): Exports-Led Growth Hypothesis in Pakistan: Further Evidence. Forthcoming in:


Download (178kB) | Preview


This paper examines the exports-led growth hypothesis using quarterly data from 1990 up to 2008 for Pakistan. In doing so, ARDL bounds testing approach, Error Correction Method (ECM) and Ng-Perron test for integration have been employed. The empirical findings show that exports are positively correlated with economic growth. This confirms the validity of exports-led growth hypothesis in the case of Pakistan both for short run and long span of time. Exchange rate depreciation declines economic growth while running real capital stock improves it.

MPRA is a RePEc service hosted by
the Munich University Library in Germany.