# Relationship Between Trade Deficit and Economic Growth in Pakistan: An Econometric Investigation

Save this PDF as:

Size: px
Start display at page:

## Transcription

3 Data Collection, Methodology and Interpretation: In order to study the impact of trade deficit and foreign direct investment on economic growth of Pakistan, a time series data has been used for the period of The data on these variables has been collected from world development indicator (WDI). The econometric model is given as GDP=α+β 1 (FDI)+β 2 (TD)+µ GDP is the gross domestic product of Pakistan. FDI is the foreign direct investment and TD is the trade deficit (imports-exports) of Pakistan. Augmented Dickey Fuller test is used to check the stationary of the data as time series data usually show trend with the time. The results of Augmented Dickey Fuller tests are in table 3: Table 3: Results of Augmented Dickey Fuller Test. Variables Only Intercept Trend and Intercept None GDP Level (0.2000) Level (0.0388) FDI (0.4376) (0.3540) TD Level (0.2949) (0.6848) Note: *indicates variable is significance at 10% level of significance. Values in parentheses are p-values * (0.0373) * (0.0169) * (0.0957) As all variables are stationary at 10% level of significant so we can use Ordinary Least Squares method. But the results are spurious. That are not acceptable. In order to avoid from such type of results we can use Johansen Co-integration method for long run and Error Correction Model for short run. The results of Johansen Co-integration test are given below: Table 4: Johansen Co-integrating Normalized Equation Results. Variables Coefficient Standard Error T-statistic C FDI TD The results of Johansen co-integration test show that there is a positive relation between foreign direct investment and GDP of Pakistan in the long run. The coefficient of trade deficit is negative that means there is negative relation between trade deficit and gross domestic product of Pakistan in the long run. The value of t- statistic for the variable foreign direct investment is that is greater than 2 means FDI is significant in the long run. The value of t-statistic for the variable trade deficit is that is less than 2 means variable is insignificant in the long run. Here t-statistic for C is that means there are not only these two variables that can affect the GDP of Pakistan. But there are also other variables that are affecting the GDP in the long run. Table 5: The results of Error Correction Model. Variable Coefficient Std.Error t-statistic Prob. C D(FDI) D(TD) ECM(-1) R-squared Mean.dependent.var Adjusted R-squared S.D. dependent var S.E. of regression Akaike info criterion Sum squared resid 1.58E+08 Schwarz criterion Log likelihood F-statistic Durbin-Watson stat Prob(F-statistic) Here R-squared is that means 77% variations in the dependent variable (GDP) are due to independent variables (FDI and trade deficit) and others are due to error term. So model is good fit. The Durbin- Watson stat is that is good sign. The coefficient of D(FDI) is that shows positive relation between foreign direct investment and GDP in the short run. The value of t-statistic for variable FDI is greater than 2 that mean FDI is significant in the short run. The t-statistic for the variable trade deficit is that is also greater than 2. It means D(TD) is significant in the short run. The coefficient of trade deficit is that means there is positive relation between GDP and trade deficit of Pakistan in the short run. One unit 965

### Exchange Rate and Economic Growth in Pakistan ( )

MPRA Munich Personal RePEc Archive Exchange Rate and Economic Growth in Pakistan (1975-2011) Arslan Ahmad and Najid Ahmad and Sharafat Ali Economics department university of the Punjab, Lahore, Pakistan,

### Relative Effectiveness of Foreign Debt and Foreign Aid on Economic Growth in Pakistan

Relative Effectiveness of Foreign Debt and Foreign Aid on Economic Growth in Pakistan Abstract Zeshan Arshad Faculty of Management and Sciences, Evening Program, University of Gujrat, Pakistan. Muhammad

### Determinants of Stock Market Performance in Pakistan

Determinants of Stock Market Performance in Pakistan Mehwish Zafar Sr. Lecturer Bahria University, Karachi campus Abstract Stock market performance, economic and political condition of a country is interrelated

### Air passenger departures forecast models A technical note

Ministry of Transport Air passenger departures forecast models A technical note By Haobo Wang Financial, Economic and Statistical Analysis Page 1 of 15 1. Introduction Sine 1999, the Ministry of Business,

### THE IMPACT OF COMPANY INCOME TAX AND VALUE-ADDED TAX ON ECONOMIC GROWTH: EVIDENCE FROM NIGERIA

THE IMPACT OF COMPANY INCOME TAX AND VALUE-ADDED TAX ON ECONOMIC GROWTH: EVIDENCE FROM NIGERIA Dr. Lyndon M. Etale and Dr. Paymaster F. Bingilar Department of Finance and Accountancy, Faculty of Management

### Forecasting the US Dollar / Euro Exchange rate Using ARMA Models

Forecasting the US Dollar / Euro Exchange rate Using ARMA Models LIUWEI (9906360) - 1 - ABSTRACT...3 1. INTRODUCTION...4 2. DATA ANALYSIS...5 2.1 Stationary estimation...5 2.2 Dickey-Fuller Test...6 3.

### European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol.5, No.30, 2013

The Impact of Stock Market Liquidity on Economic Growth in Jordan Shatha Abdul-Khaliq Assistant Professor,AlBlqa Applied University, Jordan * E-mail of the corresponding author: yshatha@gmail.com Abstract

### Chapter 12: Time Series Models

Chapter 12: Time Series Models In this chapter: 1. Estimating ad hoc distributed lag & Koyck distributed lag models (UE 12.1.3) 2. Testing for serial correlation in Koyck distributed lag models (UE 12.2.2)

### ijcrb.com INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS AUGUST 2014 VOL 6, NO 4

RELATIONSHIP AND CAUSALITY BETWEEN INTEREST RATE AND INFLATION RATE CASE OF JORDAN Dr. Mahmoud A. Jaradat Saleh A. AI-Hhosban Al al-bayt University, Jordan ABSTRACT This study attempts to examine and study

### RELATIONSHIP BETWEEN STOCK MARKET VOLATILITY AND EXCHANGE RATE: A STUDY OF KSE

RELATIONSHIP BETWEEN STOCK MARKET VOLATILITY AND EXCHANGE RATE: A STUDY OF KSE Waseem ASLAM Department of Finance and Economics, Foundation University Rawalpindi, Pakistan seem_aslam@yahoo.com Abstract:

### Price volatility in the silver spot market: An empirical study using Garch applications

Price volatility in the silver spot market: An empirical study using Garch applications ABSTRACT Alan Harper, South University Zhenhu Jin Valparaiso University Raufu Sokunle UBS Investment Bank Manish

### FDI and Economic Growth Relationship: An Empirical Study on Malaysia

International Business Research April, 2008 FDI and Economic Growth Relationship: An Empirical Study on Malaysia Har Wai Mun Faculty of Accountancy and Management Universiti Tunku Abdul Rahman Bander Sungai

### The Impact of Privatization in Insurance Industry on Insurance Efficiency in Iran

The Impact of Privatization in Insurance Industry on Insurance Efficiency in Iran Shahram Gilaninia 1, Hosein Ganjinia, Azadeh Asadian 3 * 1. Department of Industrial Management, Islamic Azad University,

### The Impact of Foreign Direct investment on Pakistan Economic Growth

The Impact of Foreign Direct investment on Pakistan Economic Growth KASHIF YASIN MSCF 2 nd Dr. MUHAMMAD RAMZAN DIRECTOR LIBRARIAN IN LUMS UNIVERSITY Abstract Foreign direct investment (FDI) is often seen

### THE CORRELATION BETWEEN UNEMPLOYMENT AND REAL GDP GROWTH. A STUDY CASE ON ROMANIA

THE CORRELATION BETWEEN UNEMPLOYMENT AND REAL GDP GROWTH. A STUDY CASE ON ROMANIA Dumitrescu Bogdan Andrei The Academy of Economic Studies Faculty of Finance, Insurance, Banking and Stock Exchange 6, Romana

### IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY

IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY Hina Agha, Mba, Mphil Bahria University Karachi Campus, Pakistan Abstract The main purpose of this study is to empirically test the impact of working

### TIME SERIES ANALYSIS OF CHINA S EXTERNAL DEBT COMPONENTS, FOREIGN EXCHANGE RESERVES AND ECONOMIC GROWTH RATES. Hüseyin Çetin

TIME SERIES ANALYSIS OF CHINA S EXTERNAL DEBT COMPONENTS, FOREIGN EXCHANGE RESERVES AND ECONOMIC GROWTH RATES Hüseyin Çetin Phd Business Administration Candidate Okan University Social Science Institute,

### FDI and Domestic Investment in Malaysia

DOI: 10.7763/IPEDR. 2014. V76. 4 FDI and Domestic Investment in Malaysia Azlina Hanif 1+ and Suhanis Jalaluddin 2 1 Arshad Ayub Graduate Business School, Universiti Teknologi MARA, 40450 Shah Alam, Malaysia

### The Relationship between Life Insurance and Economic Growth: Evidence from India

Global Journal of Management and Business Studies. ISSN 2248-9878 Volume 3, Number 4 (2013), pp. 413-422 Research India Publications http://www.ripublication.com/gjmbs.htm The Relationship between Life

### Competition as an Effective Tool in Developing Social Marketing Programs: Driving Behavior Change through Online Activities

Competition as an Effective Tool in Developing Social Marketing Programs: Driving Behavior Change through Online Activities Corina ŞERBAN 1 ABSTRACT Nowadays, social marketing practices represent an important

### THE DEREGULATION OF FOREIGN EXCHANGE MARKET AND ITS IMPACT ON THE GROWTH OF THE NIGERIAN ECONOMY

THE DEREGULATION OF FOREIGN EXCHANGE MARKET AND ITS IMPACT ON THE GROWTH OF THE NIGERIAN ECONOMY Okosodo, L. A., Ph.D Department Of Economics Ambrose Alli University Ekpoma Edo State Nigeria. Imosili S.

### Turkey s Energy Demand

Current Research Journal of Social Sciences 1(3): 123-128, 2009 ISSN: 2041-3246 Maxwell Scientific Organization, 2009 Submitted Date: September 28, 2009 Accepted Date: October 12, 2009 Published Date:

### UK GDP is the best predictor of UK GDP, literally.

UK GDP IS THE BEST PREDICTOR OF UK GDP, LITERALLY ERIK BRITTON AND DANNY GABAY 6 NOVEMBER 2009 UK GDP is the best predictor of UK GDP, literally. The ONS s preliminary estimate of UK GDP for the third

### TEMPORAL CAUSAL RELATIONSHIP BETWEEN STOCK MARKET CAPITALIZATION, TRADE OPENNESS AND REAL GDP: EVIDENCE FROM THAILAND

I J A B E R, Vol. 13, No. 4, (2015): 1525-1534 TEMPORAL CAUSAL RELATIONSHIP BETWEEN STOCK MARKET CAPITALIZATION, TRADE OPENNESS AND REAL GDP: EVIDENCE FROM THAILAND Komain Jiranyakul * Abstract: This study

### Eviews Tutorial. File New Workfile. Start observation End observation Annual

APS 425 Professor G. William Schwert Advanced Managerial Data Analysis CS3-110L, 585-275-2470 Fax: 585-461-5475 email: schwert@schwert.ssb.rochester.edu Eviews Tutorial 1. Creating a Workfile: First you

### Applied Econometrics and International Development Vol. 12-1 (2012)

MERCHANDISE EXPORT DEMAND FUNCTION FOR EGYPT: A PANEL DATA ANALYSIS IBRAHIM, Mohamed Abbas 1 Abstract This study empirically estimates the critical parameters of merchandise export demand function for

### The relationship between stock market parameters and interbank lending market: an empirical evidence

Magomet Yandiev Associate Professor, Department of Economics, Lomonosov Moscow State University mag2097@mail.ru Alexander Pakhalov, PG student, Department of Economics, Lomonosov Moscow State University

### Ph.D. scholar at National College of Business Administration and Economics (NCBA&E), Lahore, Pakistan 3

Journal of Policy Research, 1(3), 131-141 http://rfh.org.pk/jur/magazine-category/jpr --------------------------------------------------------------------------------------------------------------------------------------

### Causes of Inflation in the Iranian Economy

Causes of Inflation in the Iranian Economy Hamed Armesh* and Abas Alavi Rad** It is clear that in the nearly last four decades inflation is one of the important problems of Iranian economy. In this study,

### 2. Linear regression with multiple regressors

2. Linear regression with multiple regressors Aim of this section: Introduction of the multiple regression model OLS estimation in multiple regression Measures-of-fit in multiple regression Assumptions

### On the Degree of Openness of an Open Economy Carlos Alfredo Rodriguez, Universidad del CEMA Buenos Aires, Argentina

On the Degree of Openness of an Open Economy Carlos Alfredo Rodriguez, Universidad del CEMA Buenos Aires, Argentina car@cema.edu.ar www.cema.edu.ar\~car Version1-February 14,2000 All data can be consulted

### LONG TERM CAUSALITY OF GDP LED EXPORT (GLE) USING VECM MODEL WITH REFERENCE TO INDIA

LONG TERM CAUSALITY OF GDP LED EXPORT (GLE) USING VECM MODEL WITH REFERENCE TO INDIA ABSTRACT Dr. Amitabh Joshi Director- Incharge, Prestige Institute of Management, Dewas The aim of this paper is to study

### MACROECONOMIC VARIABLES AND SHARE PRICE MOVEMENTS IN NIGERIA BREWERY INDUSTRY: EVIDENCE FROM NIGERIAN BREWERIES PLC.

MACROECONOMIC VARIABLES AND SHARE PRICE MOVEMENTS IN NIGERIA BREWERY INDUSTRY: EVIDENCE FROM NIGERIAN BREWERIES PLC. Oliver Ike Inyiama Ph.D, FCA and Chike Nwoha PhD, FCNA Department of Accountancy, Enugu

### ANALYSIS OF THE FACTORS AFFECTING EXCHANGE RATE VARIABILITY IN PAKISTAN

ANALYSIS OF THE FACTORS AFFECTING EXCHANGE RATE VARIABILITY IN PAKISTAN ShabanaParveen Hazara University, Mansehra krn_roshni@yahoo.com Abdul Qayyum Khan COMSATS, WahCantt qayyum_72@yahoo.com Muammad Ismail

### FACTORS AFFECTING PORTFOLIO INVESTMENT IN PAKISTAN: EVIDENCE FROM TIME SERIES ANALYSIS

141 Pakistan Economic and Social Review Volume 52, No. 2 (Winter 2014), pp. 141-158 FACTORS AFFECTING PORTFOLIO INVESTMENT IN PAKISTAN: EVIDENCE FROM TIME SERIES ANALYSIS IMRAN SHARIF CHAUDHRY, FATIMA

### Source engine marketing: A preliminary empirical analysis of web search data

Source engine marketing: A preliminary empirical analysis of web search data ABSTRACT Bruce Q. Budd Alfaisal University The purpose of this paper is to empirically investigate a website performance and

### Available online ISSN: 2047-7031. Society for Business and Management Dynamics

Vol.1, No.2, August 211, pp.11-22 Exchange Rate Volatility & Macroeconomic Variables in Pakistan Iqbal Mahmood 1, Major Ehsanullah 2, and Habib Ahmed 3 Abstract Role of exchange rate in affecting the macroeconomic

### Impact of Domestic and External Debt on the Economic Growth of Pakistan

World Applied Sciences Journal 20 (1): 120-129, 2012 ISSN 1818-4952 IDOSI Publications, 2012 DOI: 10.5829/idosi.wasj.2012.20.01.1621 Impact of Domestic and External Debt on the Economic Growth of Pakistan

### The role of the banking sector in enhancing extractive industries in Sudan

UNCTAD 17th Africa OILGASMINE, Khartoum, 23-26 November 2015 Extractive Industries and Sustainable Job Creation The role of the banking sector in enhancing extractive industries in Sudan By Dr Mustafa

### IS THERE A LONG-RUN RELATIONSHIP

7. IS THERE A LONG-RUN RELATIONSHIP BETWEEN TAXATION AND GROWTH: THE CASE OF TURKEY Salih Turan KATIRCIOGLU Abstract This paper empirically investigates long-run equilibrium relationship between economic

### THE IMPACT OF EXCHANGE RATE VOLATILITY ON BRAZILIAN MANUFACTURED EXPORTS

THE IMPACT OF EXCHANGE RATE VOLATILITY ON BRAZILIAN MANUFACTURED EXPORTS ANTONIO AGUIRRE UFMG / Department of Economics CEPE (Centre for Research in International Economics) Rua Curitiba, 832 Belo Horizonte

### TOTAL FACTOR PRODUCTIVITY AND ECONOMIC GROWTH

İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi Yıl:8 Sayı:15 Bahar 2009 s.49-56 TOTAL FACTOR PRODUCTIVITY AND ECONOMIC GROWTH Mehmet ADAK * ABSTRACT The causality between TFP (Total Factor Productivity)

### Education, Economic Growth & Poverty Rate in Nigeria: Any Nexus?

Journal of Social and Development Sciences Vol. 4, No. 12, pp. 544-553, Dec 2013 (ISSN 2221-1152) Education, Economic Growth & Poverty Rate in Nigeria: Any Nexus? Ehigiamusoe, Uyi Kizito National Institute

### EXCHANGE RATE, J CURVE AND DEBT BURDEN OF PAKISTAN

41 Pakistan Economic and Social Review Volume 50, No. 1 (Summer 2012), pp. 41-56 EXCHANGE RATE, J CURVE AND DEBT BURDEN OF PAKISTAN ATIQ-UR-REHMAN, IFTIKHAR HUSSAIN ADIL and HAFSA ANIS* Abstract. The exchange

### The impact of oil prices on stock exchange and CPI in Pakistan

IOSR Journal of Business and Management (IOSR-JBM) e-issn: 2278-487X. Volume 7, Issue 6 (Jan. - Feb. 2013), PP 32-36 The impact of oil prices on stock exchange and CPI in Pakistan Ibraheem Ansar, Mis Nadia

### What drove Irish Government bond yields during the crisis?

What drove Irish Government bond yields during the crisis? David Purdue and Rossa White, September 2014 1. Introduction The Irish Government bond market has been exceptionally volatile in the seven years

### Effects of Interest Rate and Exchange Rate on Volatility of Market Index at Dhaka Stock Exchange

Volume VII, Number 02, July-December, 2012 Effects of Interest Rate and Exchange Rate on Volatility of Market Index at Dhaka Stock Exchange DEWAN MUKTADIR-AL-MUKIT * ABSTRACT The paper investigates the

### The Relationship Between External Debt and Economic Growth in Turkey

The Relationship Between External Debt and Economic Growth in Turkey SUNA KORKMAZ, Faculty of Economics and Administrative Sciences, Department of Economics, BALİKESİR University, Turkey. E-mail: skorkmaz@balikesir.edu.tr

### Determinants of Exchange Rate and its Impact on Pakistani Economy

Global Journal of Management and Business Research Volume 12 Issue 16 Version 1.0 Year 2012 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA) Online

### Competition Strategies between Five Cell Phone Service Providers in Pakistan

Competition Strategies between Five Cell Phone Service Providers in Pakistan Dr. Rukhsar Ahmed 1 and Atif Hassan 2 1 Professor and Dean, Preston University Karachi, Pakistan 2 PhD Management Scholar, Ifugao

### THE U.S. CURRENT ACCOUNT: THE IMPACT OF HOUSEHOLD WEALTH

THE U.S. CURRENT ACCOUNT: THE IMPACT OF HOUSEHOLD WEALTH Grant Keener, Sam Houston State University M.H. Tuttle, Sam Houston State University 21 ABSTRACT Household wealth is shown to have a substantial

### Analysis of factors influencing agricultural output in Nigeria: Macro-economics perspectives

American Journal of Business, Economics and Management 2013; 1(1): 9-15 Published online December 20, 2013 (http://www.openscienceonline.com/journal/ajbem) Analysis of factors influencing agricultural

### Investigating the factors influencing the life insurance market in Ethiopia

Luqman Adedamola Sulaiman (South Africa), Stephen Migiro (South Africa), Tessema Yeshihareg (South Africa) Investigating the factors influencing the life insurance market in Ethiopia Abstract The insurance

### Real Exchange Rates and Real Interest Differentials: The Case of a Transitional Economy - Cambodia

Department of Economics Issn 1441-5429 Discussion paper 08/10 Real Exchange Rates and Real Interest Differentials: The Case of a Transitional Economy - Cambodia Tuck Cheong Tang 1 Abstract: This study

### Chapter 5: Basic Statistics and Hypothesis Testing

Chapter 5: Basic Statistics and Hypothesis Testing In this chapter: 1. Viewing the t-value from an OLS regression (UE 5.2.1) 2. Calculating critical t-values and applying the decision rule (UE 5.2.2) 3.

### Has Debt Relief Been Beneficial To The

School of Sustainable Development of Society and Technology Has Debt Relief Been Beneficial To The Economic Growth of Africa? Bachelor thesis in Economics (15 Credits) JUNE 2009 Authors: Victor E. Taku-Mbi

### The Slowdown in German Bank Lending - Revisited

No. 53 The Slowdown in German Bank Lending - Revisited Thorsten Polleit May 2004 ISBN 1436-9761 Author: Honorary Professor Dr. Thorsten Polleit University of Applied Sciences Business School of Finance

### Stock Market Performance, the Exchange Rate, and the Brazilian Economy

Stock Market Performance, the Exchange Rate, and the Brazilian Economy Michael C. Budden Department of Marketing and Supply Chain Management, Southeastern Louisiana University SLU 10844, Hammond, LA 70402,

### The relationships between stock market capitalization rate and interest rate: Evidence from Jordan

Peer-reviewed & Open access journal ISSN: 1804-1205 www.pieb.cz BEH - Business and Economic Horizons Volume 2 Issue 2 July 2010 pp. 60-66 The relationships between stock market capitalization rate and

### Relationship between Macroeconomic Variables and KSE-100 Index: Evidence from Pakistan

Dimitrie Cantemir Christian University Knowledge Horizons - Economics Volume 5, No. 4, pp. 101 105 P-ISSN: 2069-0932, E-ISSN: 2066-1061 2013 Pro Universitaria www.orizonturi.ucdc.ro Relationship between

### How budget deficit and current account deficit are interrelated in Indian economy

Theoretical and Applied Economics FFet al Volume XXIII (2016), No. 1(606), Spring, pp. 237-246 How budget deficit and current account deficit are interrelated in Indian economy U.J. BANDAY Jamia Millia

### Is the Forward Exchange Rate a Useful Indicator of the Future Exchange Rate?

Is the Forward Exchange Rate a Useful Indicator of the Future Exchange Rate? Emily Polito, Trinity College In the past two decades, there have been many empirical studies both in support of and opposing

### Toward Efficient Management of Working Capital: The case of the Palestinian Exchange

Journal of Applied Finance & Banking, vol.2, no.1, 2012, 225-246 ISSN: 1792-6580 (print version), 1792-6599 (online) International Scientific Press, 2012 Toward Efficient Management of Working Capital:

### Exploring Changes in the Labor Market of Health Care Service Workers in Texas and the Rio Grande Valley I. Introduction

Ina Ganguli ENG-SCI 103 Final Project May 16, 2007 Exploring Changes in the Labor Market of Health Care Service Workers in Texas and the Rio Grande Valley I. Introduction The shortage of healthcare workers

### IMPACT OF WORKING CAPITAL ON CORPORATE PERFORMANCE A CASE STUDY FROM CEMENT, CHEMICAL AND ENGINEERING SECTORS OF PAKISTAN

IMPACT OF WORKING CAPITAL ON CORPORATE PERFORMANCE A CASE STUDY FROM CEMENT, CHEMICAL AND ENGINEERING SECTORS OF PAKISTAN Naveed Ahmad Faculty of Management sciences, Indus international institute, D.

### CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. VOLUME FORECASTING MODELS. Variable Coefficient Std. Error t-statistic Prob.

PAGE 1 OF 6 SC 1 (RESIDENTIAL AND RELIGIOUS) Dependent Variable: DLOG(GWH17/BDA0,0,4) Convergence achieved after 16 iterations MA Backcast: 1987Q2 C 0.011618 0.003667 3.168199 0.002100 DLOG(PRICE17S(-3),0,4)

### Empirical Properties of the Indonesian Rupiah: Testing for Structural Breaks, Unit Roots, and White Noise

Volume 24, Number 2, December 1999 Empirical Properties of the Indonesian Rupiah: Testing for Structural Breaks, Unit Roots, and White Noise Reza Yamora Siregar * 1 This paper shows that the real exchange

### EXCHANGE RATE RESPONSE OF IMPORT DEMAND IN PAKISTAN

Sarhad J. Agric. Vol. 23, No. 4, 2007 EXCHANGE RATE RESPONSE OF IMPORT DEMAND IN PAKISTAN Mohammad Afzal Exchange rate policy has assumed an added importance in recent years due to changing global economic

### Determinants of capital structuring: an empirical study of growth and financing behavior of firms of textile sector in Pakistan

MPRA Munich Personal RePEc Archive Determinants of capital structuring: an empirical study of growth and financing behavior of firms of textile sector in Pakistan Imran Umer Chhapra and Muhammad Asim KASB

### Determinants of the Hungarian forint/ US dollar exchange rate

Theoretical and Applied Economics FFet al Volume XXIII (2016), No. 1(606), Spring, pp. 163-170 Determinants of the Hungarian forint/ US dollar exchange rate Yu HSING Southeastern Louisiana University,

### CRUDE OIL PRODUCTION, PRICES, EXPORT AND FOREIGN EXCHANGE RATE, DO THEY INTERACT? EVIDENCE FROM NIGERIA (2006-2014)

CRUDE OIL PRODUCTION, PRICES, EXPORT AND FOREIGN EXCHANGE RATE, DO THEY INTERACT? EVIDENCE FROM NIGERIA (2006-2014) Oliver Ike Inyiama & Okpe Innocent Ikechukwu Department of Accountancy, Enugu State University

### Human Capital Formation and Economic Growth in Pakistan

Pakistan Journal of Social Sciences (PJSS) Vol. 32, No. 1 (2012), pp.229-240 Human Capital Formation and Economic Growth in Pakistan Sajid Ali M. Phil Scholar, Department of Economics, Bahauddin Zakariya

### Do the asset pricing factors predict future economy growth? An Australian study. Bin Liu Amalia Di Iorio

Do the asset pricing factors predict future economy growth? An Australian study. Bin Liu Amalia Di Iorio Abstract In this paper we examine whether past returns of the market portfolio (MKT), the size portfolio

### Argentina s Net Trade Development under an Exchange Rate Switch A study on the impact exchange rate has on Argentina s trade balance

Argentina s Net Trade Development under an Exchange Rate Switch A study on the impact exchange rate has on Argentina s trade balance Bachelor Thesis in International Finance (15 credits) Department: Department

### ANALYSIS OF THE LIFE INSURANCE MARKET IN THE REPUBLIC OF MACEDONIA

ECONOMIC ANNALS, Volume LVII, No. 194 / July September 2012 UDC: 3.33 ISSN: 0013-3264 DOI:10.2298/EKA1294107A Cvetko Andreeski* Bratislav Milošević** Vladimir Njegomir*** ANALYSIS OF THE LIFE INSURANCE

### Monitoring web traffic source effectiveness with Google Analytics An experiment with time series

The current issue and full text archive of this journal is available at wwwemeraldinsightcom/0001-253xhtm AP 474 Received 9 July 2008 Revised 21 January 2009 Accepted 6 February 2009 Monitoring web traffic

### External Debt, Debt Servicing and Poverty Reduction in Nigeria: An Empirical Analysis

External Debt, Debt Servicing and Poverty Reduction in Nigeria: An Empirical Analysis Stephen Oloruntoba Oyedele 1 Apollos Ajevata Emerah 1.2* Samson Ogege 1.3 1.Department of Banking and Finance. Bowen

### The Impact of Economic Globalization on Income Distribution: Empirical Evidence in China. Abstract

The Impact of Economic Globalization on Income Distribution: Empirical Evidence in China Xiaofei Tian Hebei University Baotai Wang University of Northern BC Ajit Dayanandan University of Northern BC Abstract

### Financial Crisis and External Debt Management in Nigeria

Financial Crisis and External Debt Management in Nigeria Bamidele, T.B Ph.d & *Joseph, A.I Department of Economics, Ajayi Crowther University, Oyo, Oyo State, Nigeria. *toy4kuns@yahoo.com Abstract The

### Impact of Macroeconomic Variables on the Stock Market Prices of the Stockholm Stock Exchange (OMXS30)

J Ö N K Ö P I N G I N T E R N A T I O N A L B U S I N E S S S C H O O L JÖNKÖPING UNIVERSITY Impact of Macroeconomic Variables on the Stock Market Prices of the Stockholm Stock Exchange (OMXS30) Master

### FACTORS AFFECTING FOREIGN DIRECT INVESTMENT IN PAKISTAN

FACTORS AFFECTING FOREIGN DIRECT INVESTMENT IN PAKISTAN Prof. Dr. Abdul Ghafoor Awan Dean, Faculty of Management and Social Sciences, Institute of Southern Punjab, Multan- Pakistan Waqas Ahmad MS Scholar,

### EFFECT OF MOTOR VEHICLE ASSEMBLY AND FABRICATED METAL PRODUCT ON THE MANUFACTURING CAPACITY UTILIZATION OF NIGERIA ECONOMY (1985-2010)

EFFECT OF MOTOR VEHICLE ASSEMBLY AND FABRICATED METAL PRODUCT ON THE MANUFACTURING CAPACITY UTILIZATION OF NIGERIA ECONOMY (1985-2010) Raimi Oluwole Abiodun Department of Mechanical Engineering, School

### Is Gold Really in Action in Turkey?

Is Gold Really in Action in Turkey? Betül Ismić 1 Abstract Turkey has been a significant gold importer since 1985 for three reasons: The production of gold is on a limited scale, high gold demand is pretty

### Impact of Foreign Direct Investment on Economic Growth of Pakistan

Advances in Management & Applied Economics, vol.3, no.1, 2013, 35-45 ISSN: 1792-7544 (print version), 1792-7552 (online) Scienpress Ltd Impact of Foreign Direct Investment on Economic Growth of Pakistan

### Cointegration And Causality Analysis of Government Expenditure And Economic Growth In Nigeria

Cointegration And Causality Analysis of Government Expenditure And Economic Growth In Nigeria Chiawa, M. M, Torruam, J. T, Abur, C. C Abstract:- The study investigates government expenditure and economic

### Banks and Economic Growth in Nigeria: A Re-Examination of the Financial Repression Hypothesis

American Journal of Business and Management Vol. 3, No. 1, 2014, 1-9 DOI: 10.11634/216796061403516 Banks and Economic Growth in Nigeria: A Re-Examination of the Financial Repression Hypothesis Obademi

### The Impact of Foreign Direct Investment on the Growth of the Manufacturing Sector in Malaysia

International Applied Economics and Management Letters 1(1): 41-45 (2008) The Impact of Foreign Direct Investment on the Growth of the Manufacturing Sector in Malaysia Hooi Hooi Lean Economics Program,

### Department of Economics

Department of Economics Working Paper Do Stock Market Risk Premium Respond to Consumer Confidence? By Abdur Chowdhury Working Paper 2011 06 College of Business Administration Do Stock Market Risk Premium

### Does energy consumption contribute to economic performance? Empirical evidence from Nigeria

Journal of Economics and International Finance Vol. 1(2), pp. 044-058, July 2009 Available online at http://www.academicjournals.org/jeif 2009 Academic Journals Full Length Research Paper Does energy consumption

### Stock Market Liberalizations: The South Asian Experience

Stock Market Liberalizations: The South Asian Experience Fazal Husain and Abdul Qayyum Pakistan Institute of Development Economics P. O. Box 1091, Islamabad PAKISTAN March 2005 I. Introduction Since 1980s

### CAPITAL ACCUMULATION, SAVINGS AND ECONOMIC GROWTH OF A NATION EVIDENCE FROM NIGERIA

CAPITAL ACCUMULATION, SAVINGS AND ECONOMIC GROWTH OF A NATION EVIDENCE FROM NIGERIA *OSUNDINA K. C. 1, OSUNDINA J.A 2. 1 Lecturer, Economics, Banking and Finance Department, Babcock University, Ilishan-Remo,

### MONEY MARKET EQUILIBRIUM IN THE CZECH REPUBLIC

MONEY MARKET EQUILIBRIUM IN THE CZECH REPUBLIC DOI: 10.18267/j.pep.564 Jana 1 Juriová* Abstract This paper examines the theoretical concept of equilibrium in the money market that is empirically verified

### INTEREST RATES AND DEPOSIT MONEY BANKS PROFITABILITY NEXUS: THE NIGERIAN EXPERIENCE

INTEREST RATES AND DEPOSIT MONEY BANKS PROFITABILITY NEXUS: THE NIGERIAN EXPERIENCE Dr. Ogunbiyi, S. Samuel 1, Ihejirika, Peters O PhD 2 1. Department of Banking and Finance, Faculty of Management Sciences

### Asian Economic and Financial Review THE EFFECT OF INTEREST RATE, INFLATION RATE, GDP, ON REAL ECONOMIC GROWTH RATE IN JORDAN. Abdul Aziz Farid Saymeh

Asian Economic and Financial Review journal homepage: http://aessweb.com/journal-detail.php?id=52 THE EFFECT OF INTEREST RATE, INFLATION RATE, GDP, ON REAL ECONOMIC GROWTH RATE IN JORDAN Abdul Aziz Farid

### DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN INDIA AND CHINA

CHAPTER- 6 DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN INDIA AND CHINA FDI usually represents a long term commitment to host country and contribute significantly to gross fixed capital formation in developing

### THE MAIN DETERMINANTS OF ECONOMIC GROWTH: AN EMPIRICAL INVESTIGATION WITH GRANGER CAUSALITY ANALYSIS FOR GREECE. University of Macedonia

THE MAIN DETERMINANTS OF ECONOMIC GROWTH: AN EMPIRICAL INVESTIGATION WITH GRANGER CAUSALITY ANALYSIS FOR GREECE Nikolaos Dritsakis 1 Erotokritos Varelas 2 - Antonios Adamopoulos 1 1 Department of Applied

### Adoptability of Korean Growth Model to Developing Economies: The Case Study of Pakistan

Middle-East Journal of Scientific Research 13(Special Issue of Economics): 43-49, 2013 ISSN 1990-9233 IDOSI Publications, 2013 DOI: 10.5829/idosi.mejsr.2013.13.e.13010 Adoptability of Korean Growth Model

### Is the Uncertainty in Exchange Rate Hits the Exports in Pakistan?

The Journal of Commerce Vol.6, No.3 pp.30-38 Is the Uncertainty in Exchange Rate Hits the Exports in Pakistan? Asad Afzal Humayon *, Sidra Ramzan! and Farid Ahmad! Abstract Elementary intent of this analysis