Impact of trade openness on output growth: co integration and error correction model approach
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 variabl...
| Main Authors: | , |
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| Format: | Journal Article |
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Econjournals
2012
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| Online Access: | http://www.econjournals.com/index.php/ijefi/article/view/277/pdf http://hdl.handle.net/20.500.11937/37187 |
| _version_ | 1848754977421393920 |
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| author | Arif, A. Ahmad, Hasnat |
| author_facet | Arif, A. Ahmad, Hasnat |
| author_sort | Arif, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T08:48:59Z |
| format | Journal Article |
| id | curtin-20.500.11937-37187 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:48:59Z |
| publishDate | 2012 |
| publisher | Econjournals |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-371872017-01-30T14:00:13Z Impact of trade openness on output growth: co integration and error correction model approach Arif, A. Ahmad, Hasnat error correction model output growth Trade openness cointegration 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. 2012 Journal Article http://hdl.handle.net/20.500.11937/37187 http://www.econjournals.com/index.php/ijefi/article/view/277/pdf Econjournals restricted |
| spellingShingle | error correction model output growth Trade openness cointegration Arif, A. Ahmad, Hasnat Impact of trade openness on output growth: co integration and error correction model approach |
| title | Impact of trade openness on output growth: co integration and error correction model approach |
| title_full | Impact of trade openness on output growth: co integration and error correction model approach |
| title_fullStr | Impact of trade openness on output growth: co integration and error correction model approach |
| title_full_unstemmed | Impact of trade openness on output growth: co integration and error correction model approach |
| title_short | Impact of trade openness on output growth: co integration and error correction model approach |
| title_sort | impact of trade openness on output growth: co integration and error correction model approach |
| topic | error correction model output growth Trade openness cointegration |
| url | http://www.econjournals.com/index.php/ijefi/article/view/277/pdf http://hdl.handle.net/20.500.11937/37187 |