Bilateral Trade Intensity and Business Cycle Synchronization Nexus: An Analysis from Major Trading Partners of Pakistan
نویسندگان
چکیده
The existing research on the relationship between bilateral trade and business cycle synchronization (BCS) is limited in context of developing countries like Pakistan. Theoretically, can lead to convergence as well divergence cycles depending upon prevailing economic conditions a country. present study an attempt explore For empirical analysis, data six major trading partners Pakistan collected for period 1991-2017 multidimensional fixed effect estimation technique has been used. results show that significant positive impact BCS. coordination fiscal monetary policies appear be determinants GDP synchronization. These have strong implications policymakers practitioners formulating implementing get maximum benefits
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ژورنال
عنوان ژورنال: Review of economics and development studies
سال: 2021
ISSN: ['2519-9692', '2519-9706']
DOI: https://doi.org/10.47067/reads.v7i2.353