Trade Openness and Economic Growth: Estimating the Inflation Threshold for Pakistan’s Economy
نویسندگان
چکیده
Objective : This paper examines inflation and growth: revisiting the estimation of threshold level for Pakistan. Research Design & Methods The study uses time series data from 1985 to 2015. It employs Generalized Least Square (GLS) Conditional (CLS) methods with aim determining impact trade openness on economic growth estimating economy Findings findings revealed that there is a significant positive because coefficient improved 4.26 before liberalization 4.98 after liberalization. Secondly, was estimated at 7% Pakistan economy. Implications / Recommendations therefore recommends, among others, should liberalize its through decrease in taxes international as percentage tax revenue. policymakers state bank try keep below or good health Contribution observed had ( R (2; 11) = 4.98, p < 0.05) accounting 77.6% variance (Adj. 2 0.776). Invariably, significantly contributed Pakistan’s between 2002 However, it evident 1987 2001 implies positively affects 0.05). analysis assess carried out using structural break 2015 capture whether could affect differently found Khan Senhadji model (2001) developed developing countries adopted estimate
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ژورنال
عنوان ژورنال: Argumenta Oeconomica Cracoviensia
سال: 2021
ISSN: ['1642-168X', '2545-3866']
DOI: https://doi.org/10.15678/aoc.2021.2401