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Trade Facilitation And Pakistan’s Import

Posted on:2020-10-09Degree:MasterType:Thesis
Institution:UniversityCandidate:Faiza ShahzadFull Text:PDF
GTID:2439330572483928Subject:International trade
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International trade is an integral part of development and growth of an economy.Increasing bilateral trade,providing right institutional structures and policies,reduction in tariffs and improvements in the infrastructure results in enhancing the economic growth.As a developing country,foreign trade is of great significance to Pakistan’is economic development.A country’s trade is not only dependent on its own trade facilitation reforms but also on those of the trading partners.Specifically,my research is focused on the impact of trade facilitation on Pakistan’s imports from 14 Asian countries.In order to understand the impact of trade facilitation on Pakistan’s import flows,this paper uses the gravity model to analyze the import structure by employing panel regression following endogeneity test,the pooled ordinary least squares and random effects model on the dataset for the time period of 2012-2016.The index of trade facilitation has been calculated by 12 indicators by the method of Principle Component Analysis to examine the impact of trade facilitation.The results portray that trade facilitation of Pakistan has negative impact on the imports of Pakistan from these 14 Asian countries,but the trade facilitation of exporting countries is statistically significant.In addition to that,GDP of the exporting countries is statistically significant.However,distance between the countries tends to have no impact on the import flows.While the dummy variable border is significant.
Keywords/Search Tags:International Trade, Trade Facilitation, Pakistan’s Import Flow, Gravity Model
PDF Full Text Request
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