Do economic, institutional, or political variables explain economic growth
This study analyzed the impact of trade openness and institutional variables on GDP growth of Pakistan using annual time series data for the period 1984 to 2010. This study follows the Johansen co-integration analysis and error correction model to analyze the long run relationship among the variable...
| Main Authors: | , , |
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| Format: | Journal Article |
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Canadian Center of Science and Education
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/2903 |
| _version_ | 1848744080981360640 |
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| author | Ahmad, Hasnat Arif, A. Mohyudin, S. |
| author_facet | Ahmad, Hasnat Arif, A. Mohyudin, S. |
| author_sort | Ahmad, Hasnat |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study analyzed the impact of trade openness and institutional variables on GDP growth of Pakistan using annual time series data for the period 1984 to 2010. This study follows the Johansen co-integration analysis and error correction model to analyze the long run relationship among the variables. The result of Johansen co-integration indicates that there exists a long run equilibrium relationship among the variables in the model. There is a negative long-run relationship between real GDP and trade openness. The relationship between government stability (GOV_ST) and real GDP is found to be positive whereas the association between real GDP and corruption is found to be negative. The error correction term (ECT) is statistically significant at the 5% level of significance suggests a moderate speed of convergence to equilibrium. |
| first_indexed | 2025-11-14T05:55:47Z |
| format | Journal Article |
| id | curtin-20.500.11937-2903 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T05:55:47Z |
| publishDate | 2012 |
| publisher | Canadian Center of Science and Education |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-29032018-03-29T09:05:21Z Do economic, institutional, or political variables explain economic growth Ahmad, Hasnat Arif, A. Mohyudin, S. trade openness political varaibles economic growth This study analyzed the impact of trade openness and institutional variables on GDP growth of Pakistan using annual time series data for the period 1984 to 2010. This study follows the Johansen co-integration analysis and error correction model to analyze the long run relationship among the variables. The result of Johansen co-integration indicates that there exists a long run equilibrium relationship among the variables in the model. There is a negative long-run relationship between real GDP and trade openness. The relationship between government stability (GOV_ST) and real GDP is found to be positive whereas the association between real GDP and corruption is found to be negative. The error correction term (ECT) is statistically significant at the 5% level of significance suggests a moderate speed of convergence to equilibrium. 2012 Journal Article http://hdl.handle.net/20.500.11937/2903 10.5539/ijbm.v7n24p29 Canadian Center of Science and Education restricted |
| spellingShingle | trade openness political varaibles economic growth Ahmad, Hasnat Arif, A. Mohyudin, S. Do economic, institutional, or political variables explain economic growth |
| title | Do economic, institutional, or political variables explain economic growth |
| title_full | Do economic, institutional, or political variables explain economic growth |
| title_fullStr | Do economic, institutional, or political variables explain economic growth |
| title_full_unstemmed | Do economic, institutional, or political variables explain economic growth |
| title_short | Do economic, institutional, or political variables explain economic growth |
| title_sort | do economic, institutional, or political variables explain economic growth |
| topic | trade openness political varaibles economic growth |
| url | http://hdl.handle.net/20.500.11937/2903 |