IINVESTIGATING INVESTMENT INFLATION TRADEOPENNESS AND ECONOMIC PROGRESS NEXUS FOR PAKISTAN

http://dx.doi.org/10.31703/gmsr.2020(V-IV).01      10.31703/gmsr.2020(V-IV).01      Published : Dec 4
Authored by : AftabAnwar , MuhammadMasoodAnwar , GhulamYahyaKhan

01 Pages : 1-9

References

  • Aghion, P. & Howitt, P., (1998). Endogenous growth theory. Problems and Solutions by Cecilia Garcia-Penalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White. Coordinated by Maxine Brant-Collett; Cambridge and London; MIT Press.
  • Ahmed, Q. M., Muhammad, S. D., Noman, M., & Lakhan, G. R. (2014). Determinants of recent inflation in Pakistan: Revisit. Pakistan Journal of Commerce and Social Sciences (PJCSS), 8(1), 170-184.
  • Alfaro, L. (2005). Inflation, openness, and exchange-rate regimes: The quest for short-term commitment. Journal of Development Economics, 77(1), 229-249.
  • Anoruo, E. & Ahmad, Y., (2000). Openness and Economic Growth: Evidence from Selected ASEAN Countries. Indian Economic Journal, 47(3), pp. 110-117.
  • Anwar, M. M., Khan, G. Y., & Khan, S. J. I. (2019). Investigating of the Inclusiveness in the Economic Growth of Pakistan. Emc Review-Časopis Za Ekonomiju, 17(1), 8-17.
  • Bashir, F., Nawaz, S., Yasin, K., Khursheed, U., Khan, J., & Qureshi, M. J. (2011). Determinants of inflation in Pakistan: An econometric analysis using Johansen cointegration approach. Australian Journal of Business and Management Research, 1(5), 71-82.
  • Daly, V., Ullah, F., Rauf, A., & Khan, G. Y. (2017). Globalization and Unemployment in Pakistan. Asian Economic and Financial Review, 7(7), 634-643.
  • Dawson, J.W. & Sen, A., (2007). New Evidence on the Convergence of International Income from a Group of 29 Countries. Empirical Economics, 33(2), pp. 199-230.
  • Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American statistical association, 74(366a), 427-431.
  • Enu, P., Attah-Obeng, P., & Hagan, E. (2013). The relationship between GDP growth rate and inflationary rate in Ghana: an elementary statistical approach. Acad Res Int, 4(5), 310-318.
  • Giles, D.E.A., (2005). Output Convergence and International Trade: Time-Series and Fuzzy Clustering Evidence for New Zealand and Her Trading Partners, 1950-1992. Journal of International Trade and Economic Development, 14(1), pp. 93-114.
  • Gokal, V., & Hanif, S. (2004). Relationship between inflation and economic growth. Economics Department, Reserve Bank of Fiji.
  • Harrison, A., (1996). Openness and growth: A time-series, cross-country analysis for developing countries. Journal of Development Economics, 48(2), pp. 419-447.
  • Iqbal, Z. & Zahid, G.M., (1998). Macroeconomic Determinants of Economic Growth in Pakistan. Pakistan Development Review, 37(2), pp. 125-148.
  • Khan, A. A., Ahmed, Q. M., & Hyder, K. (2007). Determinants of recent inflation in Pakistan. MPRA Paper No. 16254. https://mpra.ub.uni-muenchen.de/16254/
  • Khan, G. Y., Ahmed, S., Saba, S., & Muhammad S. H. (2019). Empirical Evidence of Banking Sector Development and Economic Growth in Pakistan: A Time Series Approach. Contemporary Dilemmas: Education, Politics and Values Journal. 7(Special Edition, October 2019). 1-20
  • Khan, G., & Daly, V. (2018). Growth convergence and divergence in SAARC. Research in Economics and Management, 3(4), 315-21.
  • Kunle, A. M., Olowe, S. O., & Oluwafolakemi, F. O. (2014). Impact of foreign direct Investment on Nigeria economic growth. International Journal of Academic Research in Business and Social Sciences, 4(8), 234.
  • Leamer, E. E., (1988). Measures of Openness. In: R.E. BALDWIN, Ed, National Bureau of Economic Research Conference Report series; Chicago and London; University of Chicago Press, pp. 147-200.
  • Mgammal, M. H. (2012). The effect of inflation, interest rates and exchange rates on stock prices comparative study among two GCC countries. International Journal of Finance and Accounting, 1(6), 179-189.
  • Mukhtar, T., Jehan, Z., & Bilquees, F. (2019). Is Trade Openness Inflationary In Developing Economies: An Asymmetric Analysis For Pakistan? Pakistan Economic and Social Review, 57(1), 47-68
  • Neusser, K., (1991). Testing the Long-Run Implications of the Neoclassical Growth Model. Journal of Monetary Economics, 27(1), pp. 3-37.
  • Pesaran, M. H. & B. Pesaran. (1997). Working with Microfit 4.0: Interactive econometric analysis; [Windows version]. Oxford University Press.
  • Pesaran, M. H., & Shin, Y. (1998). An autoregressive distributed-lag modelling approach to cointegration analysis. Econometric Society Monographs, 31, 371-413.
  • Ramzan, M., Asif, M., & Mustafa, M. (2013). Impact of trade openness and macroeconomic variables on GDP growth of Pakistan. A Research Journal of Commerce, Economics and Social Sciences, 7(1), 37-47.
  • Rauf, A., Khan, A. A., Ali, S., Qureshi, G. Y., Ahmad, D., & Anwar, N. (2017). Fiscal decentralization and delivery of public services: evidence from education sector in Pakistan. Studies in Business and Economics, 12(1), 174-184.
  • Sachs, J.D. & Warner, A.M., (1995). Economic Reform and the Process of Global Integration. Brookings Papers on Economic Activity, (1), pp. 1-95.
  • Samimi, A. J., Ghaderi, S., Hosseinzadeh, R., & Nademi, Y. (2012). Openness and inflation: New empirical panel data evidence. Economics Letters, 117(3), 573-577
  • Slaughter, M. J., (1997). Per Capita Income Convergence and the Role of International Trade. American Economic Review, 87(2), pp. 194-199.
  • Squali, J. & Wilson, K., (2011). A New Measure of Trade Openness. World Economy, 34(10), pp. 1745-1770.
  • Yaya, K. (2017). The impact of trade openness on economic growth: The case of Cote d'Ivoire, Cogent Economics & Finance, 5:1, 1332820, DOI: 10.1080/23322039.2017.1332820
  • Zakaria, M., & Shakoor, S. (2011). Relationship between government size and trade openness: Evidence from Pakistan. Transition Studies Review, 18(2), 328-341.

References

  • Aghion, P. & Howitt, P., (1998). Endogenous growth theory. Problems and Solutions by Cecilia Garcia-Penalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White. Coordinated by Maxine Brant-Collett; Cambridge and London; MIT Press.
  • Ahmed, Q. M., Muhammad, S. D., Noman, M., & Lakhan, G. R. (2014). Determinants of recent inflation in Pakistan: Revisit. Pakistan Journal of Commerce and Social Sciences (PJCSS), 8(1), 170-184.
  • Alfaro, L. (2005). Inflation, openness, and exchange-rate regimes: The quest for short-term commitment. Journal of Development Economics, 77(1), 229-249.
  • Anoruo, E. & Ahmad, Y., (2000). Openness and Economic Growth: Evidence from Selected ASEAN Countries. Indian Economic Journal, 47(3), pp. 110-117.
  • Anwar, M. M., Khan, G. Y., & Khan, S. J. I. (2019). Investigating of the Inclusiveness in the Economic Growth of Pakistan. Emc Review-Časopis Za Ekonomiju, 17(1), 8-17.
  • Bashir, F., Nawaz, S., Yasin, K., Khursheed, U., Khan, J., & Qureshi, M. J. (2011). Determinants of inflation in Pakistan: An econometric analysis using Johansen cointegration approach. Australian Journal of Business and Management Research, 1(5), 71-82.
  • Daly, V., Ullah, F., Rauf, A., & Khan, G. Y. (2017). Globalization and Unemployment in Pakistan. Asian Economic and Financial Review, 7(7), 634-643.
  • Dawson, J.W. & Sen, A., (2007). New Evidence on the Convergence of International Income from a Group of 29 Countries. Empirical Economics, 33(2), pp. 199-230.
  • Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American statistical association, 74(366a), 427-431.
  • Enu, P., Attah-Obeng, P., & Hagan, E. (2013). The relationship between GDP growth rate and inflationary rate in Ghana: an elementary statistical approach. Acad Res Int, 4(5), 310-318.
  • Giles, D.E.A., (2005). Output Convergence and International Trade: Time-Series and Fuzzy Clustering Evidence for New Zealand and Her Trading Partners, 1950-1992. Journal of International Trade and Economic Development, 14(1), pp. 93-114.
  • Gokal, V., & Hanif, S. (2004). Relationship between inflation and economic growth. Economics Department, Reserve Bank of Fiji.
  • Harrison, A., (1996). Openness and growth: A time-series, cross-country analysis for developing countries. Journal of Development Economics, 48(2), pp. 419-447.
  • Iqbal, Z. & Zahid, G.M., (1998). Macroeconomic Determinants of Economic Growth in Pakistan. Pakistan Development Review, 37(2), pp. 125-148.
  • Khan, A. A., Ahmed, Q. M., & Hyder, K. (2007). Determinants of recent inflation in Pakistan. MPRA Paper No. 16254. https://mpra.ub.uni-muenchen.de/16254/
  • Khan, G. Y., Ahmed, S., Saba, S., & Muhammad S. H. (2019). Empirical Evidence of Banking Sector Development and Economic Growth in Pakistan: A Time Series Approach. Contemporary Dilemmas: Education, Politics and Values Journal. 7(Special Edition, October 2019). 1-20
  • Khan, G., & Daly, V. (2018). Growth convergence and divergence in SAARC. Research in Economics and Management, 3(4), 315-21.
  • Kunle, A. M., Olowe, S. O., & Oluwafolakemi, F. O. (2014). Impact of foreign direct Investment on Nigeria economic growth. International Journal of Academic Research in Business and Social Sciences, 4(8), 234.
  • Leamer, E. E., (1988). Measures of Openness. In: R.E. BALDWIN, Ed, National Bureau of Economic Research Conference Report series; Chicago and London; University of Chicago Press, pp. 147-200.
  • Mgammal, M. H. (2012). The effect of inflation, interest rates and exchange rates on stock prices comparative study among two GCC countries. International Journal of Finance and Accounting, 1(6), 179-189.
  • Mukhtar, T., Jehan, Z., & Bilquees, F. (2019). Is Trade Openness Inflationary In Developing Economies: An Asymmetric Analysis For Pakistan? Pakistan Economic and Social Review, 57(1), 47-68
  • Neusser, K., (1991). Testing the Long-Run Implications of the Neoclassical Growth Model. Journal of Monetary Economics, 27(1), pp. 3-37.
  • Pesaran, M. H. & B. Pesaran. (1997). Working with Microfit 4.0: Interactive econometric analysis; [Windows version]. Oxford University Press.
  • Pesaran, M. H., & Shin, Y. (1998). An autoregressive distributed-lag modelling approach to cointegration analysis. Econometric Society Monographs, 31, 371-413.
  • Ramzan, M., Asif, M., & Mustafa, M. (2013). Impact of trade openness and macroeconomic variables on GDP growth of Pakistan. A Research Journal of Commerce, Economics and Social Sciences, 7(1), 37-47.
  • Rauf, A., Khan, A. A., Ali, S., Qureshi, G. Y., Ahmad, D., & Anwar, N. (2017). Fiscal decentralization and delivery of public services: evidence from education sector in Pakistan. Studies in Business and Economics, 12(1), 174-184.
  • Sachs, J.D. & Warner, A.M., (1995). Economic Reform and the Process of Global Integration. Brookings Papers on Economic Activity, (1), pp. 1-95.
  • Samimi, A. J., Ghaderi, S., Hosseinzadeh, R., & Nademi, Y. (2012). Openness and inflation: New empirical panel data evidence. Economics Letters, 117(3), 573-577
  • Slaughter, M. J., (1997). Per Capita Income Convergence and the Role of International Trade. American Economic Review, 87(2), pp. 194-199.
  • Squali, J. & Wilson, K., (2011). A New Measure of Trade Openness. World Economy, 34(10), pp. 1745-1770.
  • Yaya, K. (2017). The impact of trade openness on economic growth: The case of Cote d'Ivoire, Cogent Economics & Finance, 5:1, 1332820, DOI: 10.1080/23322039.2017.1332820
  • Zakaria, M., & Shakoor, S. (2011). Relationship between government size and trade openness: Evidence from Pakistan. Transition Studies Review, 18(2), 328-341.

Cite this article

APA

    APA : Anwar, A., Anwar, M. M., & Khan, G. Y. (2020). Investigating Investment, Inflation, Trade-Openness and Economic Progress Nexus for Pakistan. Global Management Sciences Review, V(IV), 1-9. https://doi.org/10.31703/gmsr.2020(V-IV).01

CHICAGO

    CHICAGO : Anwar, Aftab, Muhammad Masood Anwar, and Ghulam Yahya Khan. 2020. "Investigating Investment, Inflation, Trade-Openness and Economic Progress Nexus for Pakistan." Global Management Sciences Review, V (IV): 1-9 doi: 10.31703/gmsr.2020(V-IV).01

HARVARD

    HARVARD : ANWAR, A., ANWAR, M. M. & KHAN, G. Y. 2020. Investigating Investment, Inflation, Trade-Openness and Economic Progress Nexus for Pakistan. Global Management Sciences Review, V, 1-9.

MHRA

    MHRA : Anwar, Aftab, Muhammad Masood Anwar, and Ghulam Yahya Khan. 2020. "Investigating Investment, Inflation, Trade-Openness and Economic Progress Nexus for Pakistan." Global Management Sciences Review, V: 1-9

MLA

    MLA : Anwar, Aftab, Muhammad Masood Anwar, and Ghulam Yahya Khan. "Investigating Investment, Inflation, Trade-Openness and Economic Progress Nexus for Pakistan." Global Management Sciences Review, V.IV (2020): 1-9 Print.

OXFORD

    OXFORD : Anwar, Aftab, Anwar, Muhammad Masood, and Khan, Ghulam Yahya (2020), "Investigating Investment, Inflation, Trade-Openness and Economic Progress Nexus for Pakistan", Global Management Sciences Review, V (IV), 1-9

TURABIAN

    TURABIAN : Anwar, Aftab, Muhammad Masood Anwar, and Ghulam Yahya Khan. "Investigating Investment, Inflation, Trade-Openness and Economic Progress Nexus for Pakistan." Global Management Sciences Review V, no. IV (2020): 1-9. https://doi.org/10.31703/gmsr.2020(V-IV).01