TITLE

Trade Flow Factors & Capital Account: A study of Economic Growth in SAARC Countries

AUTHOR(S)
Iqbal, Nishwa; Khalid, Shazia Iqbal; Nisar, Mohammad; Abbas, Zaheer
PUB. DATE
May 2011
SOURCE
Interdisciplinary Journal of Contemporary Research in Business;May2011, Vol. 3 Issue 1, p522
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Main purpose behind this study is to explore the ultimate impact of Trade flow factors and Capital Account on the Economic and Financial Growth of SAARC countries. Where SARRC includes Pakistan, Nepal, Bhutan, Maldives, Sirilanka, India & Bangladesh established on 8th December, 1985. After becoming members these countries agreed to share trade agreements with each other. In order to find the relation data have been collected from international monetary fund for the period of 20 years from 1990-2009. Where AFD and Co-Integration Test were applied, in addition to these OLS test was also applied to find out growth is affected by trade flow factors and capital. Findings show that exchange rate has a positive significant impact on the growth level in SAARC countries. While trade restrictions have insignificant relation with growth, inflation has negative insignificant relation with financial growth in SAARC countries. Capital Account impact on the growth has also been checked where insignificant relationship have been found during the investigation period.
ACCESSION #
70547933

 

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