Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of Pakistan
Medical instruments are the popular export products of Pakistan and retain their competitive edge in this f ield of medical instruments. After the review of literature, this study aims to check the existence of a long-run relationship between export of medical instruments and import of medical inst...
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| Format: | Article |
| Language: | English |
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Institute of Business Management
2020-06-01
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| Series: | International Journal of Experiential Learning & Case Studies |
| Subjects: | |
| Online Access: | https://journals.iobm.edu.pk/index.php/ijelcs/article/view/266 |
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| _version_ | 1849395965913464832 |
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| author | Fazal-ur-Rehman |
| author_facet | Fazal-ur-Rehman |
| author_sort | Fazal-ur-Rehman |
| collection | DOAJ |
| description |
Medical instruments are the popular export products of Pakistan and retain their competitive edge in this f ield of medical instruments. After the review of literature, this study aims to check the existence of a long-run relationship between export of medical instruments and import of medical instruments, export promotion program and exchange rate index. The empirical analysis used the monthly time series data for June 2003 to December 2017 released by State Bank
of Pakistan. The unit root results directed to apply the Johansen Cointegration test, and the result of this lead to Vector error correction estimate. The finding of this study reveals that there is a positive and signif icant long-run relationship between medical instruments export and import of medical goods and exchange rate index. The study has policy implications for medical instruments, sector stakeholders and the Government of Pakistan.
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| format | Article |
| id | doaj-art-90b7ca4706144461b84046b1fabb8a8a |
| institution | Kabale University |
| issn | 2520-4475 2521-9359 |
| language | English |
| publishDate | 2020-06-01 |
| publisher | Institute of Business Management |
| record_format | Article |
| series | International Journal of Experiential Learning & Case Studies |
| spelling | doaj-art-90b7ca4706144461b84046b1fabb8a8a2025-08-20T03:39:28ZengInstitute of Business ManagementInternational Journal of Experiential Learning & Case Studies2520-44752521-93592020-06-0151Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of PakistanFazal-ur-Rehman Medical instruments are the popular export products of Pakistan and retain their competitive edge in this f ield of medical instruments. After the review of literature, this study aims to check the existence of a long-run relationship between export of medical instruments and import of medical instruments, export promotion program and exchange rate index. The empirical analysis used the monthly time series data for June 2003 to December 2017 released by State Bank of Pakistan. The unit root results directed to apply the Johansen Cointegration test, and the result of this lead to Vector error correction estimate. The finding of this study reveals that there is a positive and signif icant long-run relationship between medical instruments export and import of medical goods and exchange rate index. The study has policy implications for medical instruments, sector stakeholders and the Government of Pakistan. https://journals.iobm.edu.pk/index.php/ijelcs/article/view/266Medical Instruments ExportMedical ImportExport Promotion ProgramCointegration AnalysisVEC ModelImpulse Response Function |
| spellingShingle | Fazal-ur-Rehman Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of Pakistan International Journal of Experiential Learning & Case Studies Medical Instruments Export Medical Import Export Promotion Program Cointegration Analysis VEC Model Impulse Response Function |
| title | Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of Pakistan |
| title_full | Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of Pakistan |
| title_fullStr | Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of Pakistan |
| title_full_unstemmed | Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of Pakistan |
| title_short | Long Run Relationship Between Exports, Imports and its Determinants of Medical Instruments: Case of Pakistan |
| title_sort | long run relationship between exports imports and its determinants of medical instruments case of pakistan |
| topic | Medical Instruments Export Medical Import Export Promotion Program Cointegration Analysis VEC Model Impulse Response Function |
| url | https://journals.iobm.edu.pk/index.php/ijelcs/article/view/266 |
| work_keys_str_mv | AT fazalurrehman longrunrelationshipbetweenexportsimportsanditsdeterminantsofmedicalinstrumentscaseofpakistan |