Please use this identifier to cite or link to this item:
http://digitalrepository.fccollege.edu.pk/handle/123456789/1448
Title: | Does Peace Promote Bilateral Trade Flows? An Economic Analysis of Panel Data in Asian Perspective |
Authors: | Shabbir, Dr. Ghulam Naveed, Amjad Khan, Muhammad Ali Syed, Shabib Haider |
Keywords: | Trade flows peace infrastructure Gravity Model System GMM |
Issue Date: | 28-Jun-2021 |
Publisher: | Springer Link |
Citation: | Shabbir, G., Naveed, A., Khan, M.A. et al. Does Peace Promote Bilateral Trade Flows? An Economic Analysis of Panel Data in Asian Perspective. Comp Econ Stud (2021). https://doi.org/10.1057/s41294-021-00155-2 |
Abstract: | This study investigates the effect of peace on the bilateral trade flows of Pakistan under the framework of the gravity model. Specifically, we tested the impact of peace (using the Global Peace Index) in Pakistan relative to its 26 trading partners on trade flows from 2007 to 2018. Using system GMM estimation procedure that takes care of endogeneity issues, this study shows that the standard gravity model does not hold in the case of Pakistan. Therefore, it is important to investigate whether the peace in Pakistan and its trading partner promotes trade in the regions. Furthermore, the results indicate that a rise in the prevalence of peace in Pakistan relative to its trading nation has significantly and positively contributed to its trade flows. Besides, development of infrastructure improves trade flow due to low transportation cost. From a policy perspective, reducing conflict and promoting peace will further encourage neighboring countries to enhance trade relations, which will be beneficial for the whole region. This is a preview of subscription content, access via |
URI: | http://localhost:8080/xmlui/handle/123456789/1448 |
Appears in Collections: | Economics Department |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Does Peace Promote Bilateral Trade Flows (3).pdf Restricted Access | 510.65 kB | Adobe PDF | View/Open Request a copy |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.