This article is about investigation of export-led growth and growth-led export hypotheses in case of Pakistan exports to top three exports partners namely: USA, UAE and UK. Time series data over the period of 1975 to 2012 has been used. Augmented dickey- fuller test has been used to check unit root within data. Co-integration among the variables has been explored by employing the Johansen’s co-integration technique. Granger causality test has been used to investigate nature causality among variables under investigation. Johansen’s co-integration test revealed the presence of co-integration among variables. As major portion of Pakistani exports approximately 30 percent is towards the top three exports partners, so the investigation of export-led growth and growth-led export hypotheses in case of Pakistan’s exports to USA, UAE and UK can helpful for policy makers to adopt a suitable policy prescriptions which finally could lead to enhancement and improvement of exports relations with USA, UAE, and UK. This research can lead towards understanding about the dependency of exports and economic growth on each other.
MUHAMMAD AZHARIKRAM AHMAD, ZAHID AHMAD, SHAFAQATMEHMOOD. ( 2011) INVESTIGATION OF EXPORT-LED GROWTH AND GROWTH-LED EXPORT HYPOTHESES: A STUDY ON PAKISTAN EXPORTS TO USA, UAE AND UK, Paradigms , Vol 5, Issue 1.