Abstract
The goal of this study is to explore the impact of high tech exports on economic growth of Pakistan. To examine this relationship, data are collected from World Bank database, State Bank of Pakistan data source and Statistical Bureau of Pakistan. Time span of study is consisting of 20 years from 1995 to 2014. By using ordinary least square (OLS) with robust standard error, results confirm that there is a positive and statistically significant impact of high tech exports on economic growth. Although Pakistan is an agriculture country and its economic growth is largely depend upon farming, but for long run economic growth, Pakistan has to increase its high tech exports.
Highlights
Economic development of any country is depend upon many factors like human resource, natural resource, capital formation, technological development, social and political factors
The purpose of this study is to identify the relationship between high tech exports and economic growth of Pakistan
By using diverse range of control variables, we found positive impact of high tech exports on economic growth of Pakistan
Summary
Economic development of any country is depend upon many factors like human resource, natural resource, capital formation, technological development, social and political factors. Manufacturing of helipad, aircraft, and other flying machines. Researcher reported the reason behind was exports This phenomenon is called Export Led Growth (ELG) (Sara et al, 2012). Enrichment of exports in developing countries is based upon capability to establish and maintain competitive advantage through speedy response to change in market environment (Li, 2011). In these days, country’s competitive advantage in intercontinental trade cannot only attain through resources but it can be creating through prudence, perseverance and relation with world economies (Beise, 2005)
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