Trade Policy and Economic Growth: Policy Issues for Economy of Pakistan

Abstract

This research paper determined the analysis of the trade policy of Pakistan by considering the exports and imports values in the provision of different regions on the basis of different times in the context of trade liberalization and trade protective measures, in addition to different core variables such as money supply, government expenditure, and trade openness for annual time series data from 1990 to 2023. This paper also analyzed the workings of the empirical and theoretical bases by considering tariff rates and some statistical analysis for trade theories, reports, and discussions for challenges and opportunities for different trade borders, which may impact the reasons and corners of government policies. In addition to this, the PP test and the ADF test were used for the stationarity of the data. Results were checked with ECM and Granger causality.