DETERMINANTS OF MANUFACTURING VALUE ADDED IN PAKISTAN: AN APPLICATION OF BOUNDS TESTING APPROACH TO COINTEGRATION. DETERMINANTS OF MANUFACTURING VALUE ADDED IN PAKISTAN: AN APPLICATION OF BOUNDS TESTING APPROACH TO COINTEGRATION.

DETERMINANTS OF MANUFACTURING VALUE ADDED IN PAKISTAN: AN APPLICATION OF BOUNDS TESTING APPROACH TO COINTEGRATION‪.‬

Pakistan Economic and Social Review 2010, Dec 31, 48, 2

Pakistan Economic and Social Review
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Publisher Description

Byline: MUHAMMAD ILYAS, HAFIZ KHALIL AHMAD - MUHAMMAD AFZAL and TAHIR MAHMOOD Abstract. This study employed bounds test based cointegration technique using annual time series data from 1965 to 2007 for exploring determinants of manufacturing value added in Pakistan. Three determinants included in the study were: total factor productivity (TFP), price level of investment and trade openness. TFP turned out to be the most significant determinant of manufacturing value added both in the short and long run. The price level of investment affected manufacturing value added negatively and significantly. Trade openness, however, turned out to be insignificant. The study recommends enhancement of TFP and stabilizing prices of investment goods for accelerating growth of manufacturing value added in Pakistan

GENRE
Business & Personal Finance
RELEASED
2010
December 31
LANGUAGE
EN
English
LENGTH
17
Pages
PUBLISHER
Asianet-Pakistan
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
292.3
KB

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