作者
Asma Arif, Hasnat Ahmad
发表日期
2012/9/3
期刊
International Journal of Economics and Financial Issues
卷号
2
期号
4
页码范围
379-385
出版商
İlhan ÖZTÜRK
简介
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.
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