ARDL – Analysis of the Relationship among Exports, FDI, Current Account Deficit and Economic Growth in Pakistan
نویسندگان
1 SDM, Education Department, Dera Ismail Khan, Pakistan
doi
10.22059/ier.2020.76010چکیده
This paper empirically examines the relationship among exports, foreign direct investment, current account deficit, and economic growth in Pakistan during 1975-2016. We adopted the autoregressive distributed lag (ARDL) approach to co-integration together with ECM techniques to trace long-run and short-run relationships. The results demonstrate a positive and significant relationship between exports, foreign direct investment, and economic growth in Pakistan in the long and short-run. In contrast, results depict that the current account deficit is negatively and significantly correlated to economic growth in the long-run and short-run. Furthermore, the Granger causality test reports the unidirectional causality from exports to economic growth.