INVESTIGATING THE ROLE OF EXTERNAL TRADE AND EXTERNAL DEBT ON THE ECONOMIC GROWTH OF PAKISTAN
Download| Volume 11 Issue 1 2015 | |
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| Author(s): |
Athar Iqbal
Yaseen Raza Turabi
Dr.Javed Hussain
Attaullah Hussain
|
| Abstract | This paper is designed to investigate the effect of External Debt on the economic growth of Pakistan. The study examines the effects of Economic indicators such as External Debt, Debt servicing. Export and Import on the economic growth in Pakistan. The results of the study are based on OLS estimates, The data for External debt. Debt servicing Exports Import and Real GDP growth has been taken for 41 years (1972 to 2013) from the Handbook of Statistics on Pakistan Economy 2010 and missing values have been collected from the library of State Bank of Pakistan.The study concludes that External Debt has a significant positive effect whereas Debt servicing has a negative in Economic growth. strong Debt Management is recommended to achieve the economic growth-oriented Via External growth Debt. The study also suggests that there is a significant positive effect of Export on the economic growth of Pakistan. The study should not find any significant effect of imports on economic growth. This study provides empirical evidence for the significance of external trade for economic growth because it can boast. Whereas, external debt could not be suggested because debt servicing hurts the economic growth. |
| Keywords | External Debt. Debt Servicing import Economic growth |
| Year | 2015 |
| Volume | 11 |
| Issue | 1 |
| Type | Short Report |
| Recognized by | Higher Education Commission of Pakistan, HEC | Category | "Y" | Journal Name | IBT Journal of Business Studies | Publisher Name | ILMA University | Jel Classification | - | DOI | http://dx.doi.org/10.46745/ilma.jbs.2015.11.01.03 | ISSN no (E, Electronic) | 2409-6520 | ISSN no (P, Print) | 2416-8393 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/11.1/3.%20Investigating%20the%20Role%20of%20External%20Trade%20and%20External%20Debt%20on%20the%20Economic%20Growth%20of%20Pakistan.pdf | Page | 27-39 |