Trade Liberalization, Human Capital and Industrial Performance in Pakistan

Authors

  • Muhammad Raza Aftab
  • Muhammad Ilyas
  • Ahmad Nawaz
  • Muhammad Safdar

Abstract

The present study attempts to analyze the impact of trade liberalization and human capital on industrial performance in case of Pakistan. By using annual time series data of 1972-2014, study identifies the relationship between trade liberalization and industrial value-added, by applying co-integration technique. Findings of the analysis suggest that there exists positive long-run relationship between trade liberalization, human capital and industrial value-added in the economy. Industrial value-added is found to be highly elastic to human capital. Moreover, the results show that labor force and physical capital also have strong positive impact on industrial value-added. Our findings support the liberal trade policy for long-run growth of Pakistan economy.

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Published

2016-06-30

How to Cite

Aftab, M. R. ., Ilyas, M. ., Nawaz, A., & Safdar, M. . (2016). Trade Liberalization, Human Capital and Industrial Performance in Pakistan. Pakistan Journal of Social Sciences, 36(1), 565-572. Retrieved from http://pjss.bzu.edu.pk/index.php/pjss/article/view/441

Issue

Vol. 36 No. 1 (2016): Pakistan Journal of Social Science

Section

Articles