Trade liberalization and industrial growth in Pakistan: A cointegration analysis

Applied Economics

Volumn 36, Issue 13, 2004, Pages 1421-1429

  Dutta, Dilip ^a   Ahmed, Nasiruddin ^a  

^a UNIVERSITY OF SYDNEY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

COINTEGRATION ANALYSIS; GROWTH RATE; HISTORICAL PERSPECTIVE; INDUSTRIAL DEVELOPMENT; TRADE LIBERALIZATION; TWENTIETH CENTURY;

ASIA; EURASIA; PAKISTAN; SOUTH ASIA;

EID: 3342962259     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/0003684042000206951     Document Type: Article

References (50)

1. Agosin, M. R. (1991) Trade policy reform and economic performance: a review of the issues and some preliminary evidence, UNCTAD Discussion Papers No. 41, UNCTAD, Geneva.
2. Ahmed, N. (1999) Trade Liberalisation in Bangladesh, University Press Limited Dhaka.
3. Bakht, Z. (1998) Trade liberalization, exports and growth of manufacturing industries in Bangladesh, Bangladesh Institute of Development Studies, mimeo, Dhaka.
4. Balassa, B. and Associates (eds.) (1971) The Structure of Protection in Developing Countries, Johns Hopkins University Press, Baltimore.
5. Balassa, B. and Associates (1982) Developing Strategies in Semi-Industrial Economies, Johns Hopkins University Press for the World Bank, Baltimore.
6. Bhagwati, J. N. (1978) Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, Ballinger for the National Bureau of Economic Research, Cambridge, MA.
7. Clarke, R. and Kirkpatrick, C. (1992) Trade policy reform and economic performance in developing countries: assessing the empirical evidence, in Industrial and Trade Policy Reform in Developing Countries (Eds) R. Adhikari, C. Kirkpatrick and J. Weiss, Manchester University Press, Manchester.
8. De Jong, D. N. and Whiteman, C. H. (1991) Reconsidering trends and random walks in macroeconomic time series, Journal of Monetary Economics, 28, 221-54.
9. Dollar, D. (1992) Outward-oriented developing economies really do grow more rapidly: evidence from 95 LDCs, 1976-85, Economic Development and Cultural Change, 40(3), 523-44.
10. Dutta, D. and Ahmed, N. (1999) An aggregate import demand function for Bangladesh: a cointegration approach, Applied Economics, 31, 465-72.
11. Edwards, S. (1992) Trade orientation, distortions and growth in developing countries, Journal of Development Economics, 39(1), 31-57.
12. Ghatak, S. Milner, C. and Utkulu, U. (1995) Trade liberalisation and endogenous growth: some evidence for Turkey, Economics of Planning, 28(2-3), 147-67.
13. Gould, D. M. and Ruffin, R. J. (1995) Human capital, trade and economic growth, Weltwirtschaftliches Archiv, 13(1), 425-45.
14. Greenaway, D. and Sapsford, D. (1994) What does liberalisation do for exports and growth?, Weltwirtschaftliches Archiv, 130(1), 152-74.
15. Greenaway, D., Morgan, W. and Wright, P. (1997) Trade liberalization and growth in developing countries: some new evidence, World Development, 25(11), 1885-92.
16. Harrison, A. (1995) Openness and growth: a time-series, cross-country analysis for developing countries, NBR Working Paper No. 5221, National Bureau of Economic Research, Cambridge, MA.
17. Haug, A. A. (1996) Tests for cointegration: a Monte Carlo comparison, Journal of Econometrics, 71, 89-115.
18. Heitger, B. (1987) Import protection and export performance: their impact on economic growth, Weltwirtschaftliches Archiv, 123(2), 249-61.
19. Hwang, I. (1998) Long-run determinant of Korean economic growth: empirical evidence from manufacturing, Applied Economics, 30(3), 391-405.
20. International Monetary Fund, International Financial Statistics (various issues).
21. Jenkins, R. (1996) Trade liberalization and export performance in Bolivia, Development and Change, 27(4), 693-716.
22. Johansen, S. (1991) Estimation and hypothesis testing of cointegration vectors in gaussian vector autoregressive models, Econometrica, 59, 1551-80.
23. Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inference on cointegration with applications to the demand for money, Oxford Bulletin of Economics and Statistics, 52, 169-210.
24. Karunaratne, N. D. (1994) Growth and trade liberalisation in Australia: a VAR analysis, Rivista Internazionale di Scienze Economiche e Commerciali, 41(8), 625-43.
25. Krueger, A. O. (1978) Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences, Ballinger for the National Bureau of Economic Research, Cambridge, MA.
26. Lewis, W. A. (1955) The Theory of Economic Growth, Allen and Unwin, London.
27. Little, I. M. D., Scitovsky, T. and Scott, M. (1970) Industry and Trade in Some Developing Countries: A Comparative Study, Oxford University Press for OECD, London.
28. Lucas, R. E. (1988) On the mechanics of economic development, Journal of Monetary, Economics, 22(1), 3-42.
29. Mankiw, N. G., Romer, D. and Weil, D. N. (1992) A contribution to the empirics of economic growth, Quarterly Journal of Economics, CVII(2), 407-37.
30. Meese, R. A. and Singleton, K. J. (1983) On unit roots and the empirical modeling of exchange rates, International Economic Review, 24, 1029-35.
31. Michaely, M., Papageorgiou, D. and Choksi, A. M. (eds) (1991) Liberalising Foreign Trade: Lessons of Experience in the Developing World, Basil Blackwell, Oxford.
32. Nelson, C. R. and Plosser, C. I. (1982) Trends and random walks in macroeconomic time series, Journal of Monetary Economics, 10, 139-62.
33. Onafowora, O. A. and Owoye, O. (1998) Can trade liberalization stimulate economic growth in Africa?, World Development, 26(3), 497-506.
34. Pesaran, M. H. and Pesaran, B. (1997) Working with Microfit 4.0: Interactive Econometric Analysis, Oxford University Press, Oxford.
35. Quah, D. and Rauch, J. E. (1990) Openness and the rate of economic growth, Working Paper, University of California, San Diego.
36. Rana, P. B. (1997) Reforms in Bangladesh: a comparative assessment in relation to other south Asian countries, in The Bangladesh Economy in Transition (Ed.) M. G. Quibria, Oxford University Press, Delhi, pp. 7-27.
37. Romer, P. M. (1989) What determines the rate of growth and technological change?, Policy, Planning, and Research Working Paper No. 279, The World Bank, Washington, DC.
38. Sachs, J. (1987) Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs, Department of Economics, Harvard University, Cambridge, MA.
39. Savvides, A. (1995) Economic growth in Africa, World Development, 23(3), 449-58.
40. Senhadji, A. (1998) Time-series estimation of structural import demand equations: a cross-country analysis, IMF Staff Papers, 45(2), 236-68.
41. Shafaeddin, S. M. (1994) The impact of trade liberalization on export and GDP in least developed countries, UNCTAD Discussion Papers No. 85, UNCTAD, Geneva.
42. Solow, R. M. (1956) A contribution to the theory of economic growth, Quarterly Journal of Economics, LXX, 65-94.
43. Swan, T. (1956) Economic growth and capital accumulation, Economic Record, 32, 334-61.
44. Taylor, L. (1991) Economic openness: problems to the century's end, in Economic Liberalization: No Panacea: The Experiences of Latin America and Asia (Ed.) T. Banuri, Clarendon Press, Oxford, pp. 99-147.
45. Thomas, V., Nash, J. and Associates (1991) Best Practices in Trade Policy Reform, Oxford University Press for the World Bank, Oxford.
46. UNCTAD (1989) Trade and Development Report 1989.
47. Villanueva, D. (1994) Openness, human development, and fiscal policies: effects on economic growth and speed of adjustment, IMF Staff Papers, 41(1), 1-29.
48. White, K. J. (1997) Shazam 8.0: Econometric Computer Program, McGraw-Hill Book Company, New York.
49. The World Bank (1987) World Development Report 1987, Oxford University Press, New York.
50. The World Bank (1998) World Development Indicators on CD-ROM 1998.