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Debt, Trade Openness and Economic Growth:What Does Pakistani Data Show

Author

Listed:
  • Syed Shujaat Ahmed

    (Department of Econometrics and Statistics, PIDE, Islamabad, Pakistan.)

  • Syed Hassan Raza

    (City University of Hong Kong, Hong Kong.)

  • Bilal Mehmood

    (GC University, Lahore, Pakistan.)

Abstract

Purpose: This paper analyses the relationship of per capita gross domestic product with total debt stock and trade openness for the period 1970-2012 for Pakistan. Methodology: ARDL bound test was used for this research study. Findings: Results of the study show that long term debt is having positive and significant long run relationship with economic growth and trade openness for which trade volume is taken as a proxy, while in short run there is a negative significant relationship. Results of this study have important policy recommendations. There should be resource mobilization to create opportunities for the old and new investors. Stable macroeconomic environment is also required to overcome the debt burden with the passage of time. Recommendations: Being SAARC member there is also a need for export led policies which are essential for achieving long term economic goals.

Suggested Citation

  • Syed Shujaat Ahmed & Syed Hassan Raza & Bilal Mehmood, 2016. "Debt, Trade Openness and Economic Growth:What Does Pakistani Data Show," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 4(6), pages 333-341, June.
    • Handle: RePEc:ijr:journl:v:4:y:2016:i:6:p:333-341
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    Citations

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    Cited by:

    1. Rabail Amna Intisar & Muhammad Rizwan Yaseen & Rakhshanda Kousar & Muhammad Usman & Muhammad Sohail Amjad Makhdum, 2020. "Impact of Trade Openness and Human Capital on Economic Growth: A Comparative Investigation of Asian Countries," Sustainability, MDPI, vol. 12(7), pages 1-19, April.

    More about this item

    Keywords

    Debt; Trade Openness; Economic Growth; South Asian Countries;
    All these keywords.

    JEL classification:

    • N11 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: Pre-1913

    Statistics

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