IMPACT OF FOREIGN DIRECT INVESTMENT ON EXPORT OF PRIMARY SECTOR: EVIDENCE FROM PAKISTAN

  • Afaq Ali Khan
  • Syed Ghazanfar Inam
  • Abdul Ghaffar
Keywords: ARDL, FDI, Exports, Real exchange rate, GDP

Abstract

The paper aims to determine the impact of foreign direct investment (FDI) on exports of the primary sector of Pakistan. Time series annual data sets from 1980-2015are taken from the World Bank (WDI) and Economic Survey of Pakistan. Stationarity of series has been tested through Augmented Dickey-Fuller (ADF) and Phillip-Perron (PP) tests. ARDL model has been applied to determine the long[1]run association among the variables. The study concludes that foreign direct investment significantly determines the export of primary commodities. It is suggested that policies could be made to attract FDI in the primary sector.

Author Biographies

Afaq Ali Khan

Assistant Professor, Department of Economics, Mohammad Ali Jinnah University, Karachi

Syed Ghazanfar Inam

Assistant Professor, Department of Finance, Mohammad Ali Jinnah University, Karachi

Abdul Ghaffar

Assistant Professor, Department of Accounting and Law, Mohammad Ali Jinnah University, Karachi

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Published
2020-12-15
How to Cite
Khan, A., Inam, S., & Ghaffar, A. (2020). IMPACT OF FOREIGN DIRECT INVESTMENT ON EXPORT OF PRIMARY SECTOR: EVIDENCE FROM PAKISTAN. Journal of Business Strategies, 14(2), 104-119. Retrieved from http://greenwichjournals.com/index.php/businessstudies/article/view/502