Economic Freedom and FDI: Co-Integration Analysis

نویسندگان

چکیده

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Economic Freedom and Economic Volatility

Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...

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T his paper empirically examines the relationship among exports, foreign direct investment, current account deficit and economic growth in Pakistan during the period 1975-2016.We adopted the autoregressive distributed lag (ARDL) approach to co-integration together with ECM techniques to trace the long-run as well as the short-run relationships. The results demonstrate the existence o...

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ژورنال

عنوان ژورنال: Research Papers in Economics and Finance

سال: 2020

ISSN: 2543-6430

DOI: 10.18559/ref.2020.3.4