Evaluating the Importance of Exports in Economic Growth of Pakistan; Evidence from ARDL Bound Testing Approach

Abstract

AbstractThis study attempts to empirically evaluate the importance of exports growth in economic growth of Pakistan from 1972–2015, as exports growth plays as an engine in growth of economies. For that purpose this study applied Auto-Regressive Distributed Lag Model Approach to regress the included variables and the empirical results obtained from regression analysis of the variables shows that exports growth plays an encouraging and noteworthy role in economic growth of Pakistan. The study also recommends that an effective socio, economic political change is required to bring a fruitful increase in exports growth of Pakistan.