Effects of Pakistans International Trade Balances on GDP Growth: A Study of Pakistans Foreign Trade

Author(s)

Irma Baig , Sajjad Amin ,

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Volume 11 - October 2022 (10)

Abstract

In recent years, the debate over international trade balances has exploded. The domestic and external environments significantly influence how the nation trades with the rest of the globe., The government will serve as a facilitator for the sector while it addresses the significant structural problems affecting Pakistan's exports from 2010 to 2021. The economic balance of limiting imports and the economic balance of allowing exports to flourish continue to be two crucial indicators of international trade. The results showed that factors related to the trade balance's exports and imports were statistically significantly correlated. It shows that exports and imports are statistically significantly affected by the details of trade balance. Additionally, the coefficients in both models have the opposite signs. The primary political conclusion is that increasing the number of free trade agreements may benefit international trade.

Keywords

International trade balances; Protection; Gravity model; GDP growth; Pakistan

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