{"title":"金融发展和石油价格如何导致巴基斯坦的贸易开放?","authors":"Damian Honey","doi":"10.32350/jfar.0301.03","DOIUrl":null,"url":null,"abstract":"In the past financial development and petroleum prices have been identified as acrucial factor influencing economic growth. This provoked us to explore the way financial development and petroleum prices influence the trade openness in Pakistan. The sample of yearly data is collected from 1980 to 2016 in order to apply ARDL cointegration method. Our results reflect the presence of long term cointegration between trade openness and its factors. This suggest that with the rise in credit in private sector there is eventual impact on imports and exports whereas the international petroleum prices also impact the same by pushing the prices of goods. Hence it is recommended that hedging the oil prices and the expansion of credit in Pakistan is worthwhile in terms of trade openness.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"13 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"How does Financial Development and Petroleum Price cause Trade Openness in Pakistan?\",\"authors\":\"Damian Honey\",\"doi\":\"10.32350/jfar.0301.03\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In the past financial development and petroleum prices have been identified as acrucial factor influencing economic growth. This provoked us to explore the way financial development and petroleum prices influence the trade openness in Pakistan. The sample of yearly data is collected from 1980 to 2016 in order to apply ARDL cointegration method. Our results reflect the presence of long term cointegration between trade openness and its factors. This suggest that with the rise in credit in private sector there is eventual impact on imports and exports whereas the international petroleum prices also impact the same by pushing the prices of goods. Hence it is recommended that hedging the oil prices and the expansion of credit in Pakistan is worthwhile in terms of trade openness.\",\"PeriodicalId\":34570,\"journal\":{\"name\":\"Journal of Islamic Accounting and Finance Research\",\"volume\":\"13 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-06-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Islamic Accounting and Finance Research\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.32350/jfar.0301.03\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Islamic Accounting and Finance Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32350/jfar.0301.03","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
How does Financial Development and Petroleum Price cause Trade Openness in Pakistan?
In the past financial development and petroleum prices have been identified as acrucial factor influencing economic growth. This provoked us to explore the way financial development and petroleum prices influence the trade openness in Pakistan. The sample of yearly data is collected from 1980 to 2016 in order to apply ARDL cointegration method. Our results reflect the presence of long term cointegration between trade openness and its factors. This suggest that with the rise in credit in private sector there is eventual impact on imports and exports whereas the international petroleum prices also impact the same by pushing the prices of goods. Hence it is recommended that hedging the oil prices and the expansion of credit in Pakistan is worthwhile in terms of trade openness.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
