Trade liberalization and economic growth (2014)

This study empirically analyses the impact of trade liberalization on economic prosperity in selected SAARC countries. To probe the nature of relationships between trade liberalization and economic prosperity especially in less develop countries, research carried out across five SAARC member countries i.e. Pakistan, India, Nepal, Bangladesh and Sri Lanka. The study demonstrate that trade liberalization is conducive for economic prosperity in selected SAARC countries.

This study empirically analyses the impact of trade liberalization on economic prosperity in selected SAARC countries. To probe the nature of relationships between trade liberalization and economic prosperity especially in less develop countries, research carried out across five SAARC member countries i.e. Pakistan, India, Nepal, Bangladesh and Sri Lanka. For this purpose study used the Fraser Trade Freedom Indices (FTFI) along with export of goods and services growth (XGSG) and import of goods and services growth (MGSG) as deputy of trade liberalization. To strengthen the research three different growth proxies, Gross Domestic Product Growth (GDPG), Gross Domestic Product Per capita Growth (GDPCG) and Gross National Income Growth (GNIG) are employed. For the time frame 2000 to 2012 with five cross a well appropriate panel data estimation technique Generalized Method of Moments/Dynamic Panel Data (GMM/DPD) is employed to probe the outcomes. Results demonstrate that trade liberalization is conducive for economic prosperity in selected SAARC countries.

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