Impact of Trade Openness on Output Growth: Co integration and Error Correction Model Approach

Asma Arif; Hasnat Ahmad

Makale detayları

Impact of Trade Openness on Output Growth: Co integration and Error Correction Model Approach

Yazarlar:

Asma Arif | Hasnat Ahmad

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2012 Vol.2 Issue 4, pp.379-385

Belge Tipi:

Makale

Yayın Tarihi:

11/2012

Belge Dili:

Türkçe

Document ID (Org No.):

2000814792

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

This study analyzed the long run relationship between trade openness and output growth for Pakistan using annual time series data for 1972-2010. This study follows the Engle and Granger co integration analysis and error correction approach to analyze the long run relationship between the two variables. The Error Correction Term (ECT) for output growth and trade openness is significant at 5% level of significance and indicates a positive long run relation between the variables. This study has also analyzed the causality between trade openness and output growth by using granger causality test. The results of granger causality show that there is a bi-directional significant relationship between trade openness and economic growth.

Makale detayları

Impact of Trade Openness on Output Growth: Co integration and Error Correction Model Approach

Yazarlar: Asma Arif | Hasnat Ahmad

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2012 Vol.2 Issue 4, pp.379-385

Belge Tipi: Makale

Yayın Tarihi: 11/2012

Belge Dili: Türkçe

Document ID (Org No.): 2000814792

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Asma Arif | Hasnat Ahmad

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2012 Vol.2 Issue 4, pp.379-385

Belge Tipi:

Makale

Yayın Tarihi:

11/2012

Belge Dili:

Türkçe

Document ID (Org No.):

2000814792

Sıklık:

İki Aylık

eISSN:

2146-4138