TY  - JOUR
TT  - Impact of Trade Openness on Output Growth: Co integration and Error Correction Model Approach
AU  - Arif, Asma
AU  - Ahmad, Hasnat
PY  - 2012
DA  - December
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 379
EP  - 385
VL  - 2
IS  - 4
KW  - Trade openness
KW  - output growth
KW  - cointegration
KW  - error correction model
N2  - This study analyzed the long run relationship between trade openness and output growth for Pakistan using annual time series data for 1972-2010. This study follows the Engle and Granger co integration analysis and error correction approach to analyze the long run relationship between the two variables. The Error Correction Term (ECT) for output growth and trade openness is significant at 5% level of significance and indicates a positive long run relation between the variables. This study has also analyzed the causality between trade openness and output growth by using granger causality test. The results of granger causality show that there is a bi-directional significant relationship between trade openness and economic growth.
UR  - https://dergipark.org.tr/tr/pub/ijefi/issue//351852
L1  - https://dergipark.org.tr/tr/download/article-file/362703
ER  -