Import & Export Literature Review
SCOPE OF STUDY
Present study will attempt to investigate how the changes in the monetary policy effect, through inflation, the economic growth of Pakistan. Inflation is the most researched topic in the modern era because it has very serious implications for growth and income distribution. In case of Pakistan the excess money supply is the main factor responsible for inflation. The topic here clearly emphasizes the monetary policy have a direct link with inflation whether this policy is tight or loose because it had to effect in one way or another. Other monetary phenomenon also impact the overall growth there fore this paper will also determine whether, and how, GDP in Pakistan would respond to a change in money supply (M2), the inflation rate and interest rate & import and export in economy.
REVIEW OF LITERATURE
Matthew McCartney (September 2011) “Pakistan, Growth, Dependency, and Crisis”
In this paper there is an ongoing debate about the impact of trade, foreign direct investment (FDI), and financial liberalization on economic growth. Its proponents favor a positive link, having been more vocal in recent decades than during the years of import substitution and self-sufficiency in the 1950s and 1960s. Pakistan showed far more resilience to the global financial crisis than did many other developed and developing countries by maintaining positive GDP growth throughout. In 2008/09, GDP growth was negative in the world as a whole.
Arshia Amiri & Ulf-G Gerdtham (2012) “GRANGER CAUSALITY BETWEEN EXPORTS, IMPORTS AND GDP IN FRANCE: EVIDANCE FROM USING
GEOSTATISTICAL MODELS”
This paper introduces a new way of investigating linear and nonlinear Granger causality between exports, imports and economic growth in France over the period 1961_2006 with using geostatistical models (kiriging and Inverse distance weighting). There has been much interest in applying endogenous growth theory to economic policy. An important example is international trade policy. Indeed, this
Present study will attempt to investigate how the changes in the monetary policy effect, through inflation, the economic growth of Pakistan. Inflation is the most researched topic in the modern era because it has very serious implications for growth and income distribution. In case of Pakistan the excess money supply is the main factor responsible for inflation. The topic here clearly emphasizes the monetary policy have a direct link with inflation whether this policy is tight or loose because it had to effect in one way or another. Other monetary phenomenon also impact the overall growth there fore this paper will also determine whether, and how, GDP in Pakistan would respond to a change in money supply (M2), the inflation rate and interest rate & import and export in economy.
REVIEW OF LITERATURE
Matthew McCartney (September 2011) “Pakistan, Growth, Dependency, and Crisis”
In this paper there is an ongoing debate about the impact of trade, foreign direct investment (FDI), and financial liberalization on economic growth. Its proponents favor a positive link, having been more vocal in recent decades than during the years of import substitution and self-sufficiency in the 1950s and 1960s. Pakistan showed far more resilience to the global financial crisis than did many other developed and developing countries by maintaining positive GDP growth throughout. In 2008/09, GDP growth was negative in the world as a whole.
Arshia Amiri & Ulf-G Gerdtham (2012) “GRANGER CAUSALITY BETWEEN EXPORTS, IMPORTS AND GDP IN FRANCE: EVIDANCE FROM USING
GEOSTATISTICAL MODELS”
This paper introduces a new way of investigating linear and nonlinear Granger causality between exports, imports and economic growth in France over the period 1961_2006 with using geostatistical models (kiriging and Inverse distance weighting). There has been much interest in applying endogenous growth theory to economic policy. An important example is international trade policy. Indeed, this