Nawaz, Mohsin; Qureshi, Maria; Awan, Naveed Wahid - In: Romanian Economic Journal 15 (2012) 43, pp. 131-144
This study attempts to examine the long run and short run dynamics of external debt and economic growth in Pakistan. For this purpose, we employed the Johansen cointegration test and Granger causality test. The empirical analysis cover the study span from 1980 to 2010, shows the evidence of long...