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Free trade agreements, exhange rates and foreign portfolio investment in pakistan. dynamic causality analysis

Author

Listed:
  • Muhammad Anees

    (COMSATS Institute of Information Technology)

  • Ahmed Jamil

    (COMSATS Institute of Information Technology)

  • Faisal Shahzad

    (COMSATS Institute of Information Technology)

Abstract

Free trade theory of the international macroeconomics suggests, it will improve international trade conditions in form of improvements in terms of trade through promoting productivity in export oriented industries. The paper investigates the dynamic causality for exchange rates and foreign portfolio investment in a small open economy, Pakistan utilizing quarterly international financial data. It is evident from the preliminary research that free trade agreements has improved conditions for Pakistan, more foreign funding is available to be invested, exports improved and terms of trade for Pakistan has improved. Findings of the paper will help in formulating effective international trade policies promoting industrial production, foreign investment, empolyment in export oriented industries and level of national incomes.

Suggested Citation

  • Muhammad Anees & Ahmed Jamil & Faisal Shahzad, 2011. "Free trade agreements, exhange rates and foreign portfolio investment in pakistan. dynamic causality analysis," Economics Bulletin, AccessEcon, vol. 31(1), pages 1-8.
    • Handle: RePEc:ebl:ecbull:eb-11-00095
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    File URL: http://www.accessecon.com/pubs/EB/2011/Volume31/EB-11-V31-I1-A8.pdf
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    Citations

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    Cited by:

    1. Shah Mehmood WAGAN, 2015. "Export boost of textile industry of Pakistan by availing EU’s GSP Plus," Journal of Economics Library, KSP Journals, vol. 2(1), pages 18-27, March.
    2. Wagan, Shah Mehmood, 2015. "Export boost of Textile Industry of Pakistan by availing EU’s GSP Plus," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 1(1), pages 18-27.

    More about this item

    Keywords

    Free trade agreement; terms of trade; exchange rates; foreign portfolio investment; Granger causality tests.;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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