Trade Liberalization and Economic Welfare: A Case of Pakistan (original) (raw)

International Journal of Sciences: Basic and Applied Research, 2017

Abstract

Trade liberalization has now become the main focus of the literature as it is considered as the contributor of economic growth and welfare. The previous literature showed an overall positive impact of trade liberalization on the economy except for few studies; recommend adopting trade liberalizing policies. Whereas in case of developing country like Pakistan, major part of the literature showed positive impact of trade liberalization on the economy. This study examines the impact and relationship of trade liberalization and economic welfare in case of Pakistan. -----------------------------------------------------------------------* Corresponding author. International Journal of Sciences: Basic and Applied Research (IJSBAR) (2017) Volume 31, No 1, pp 75-100 76 The variables used in the study are; gross domestic product recorded in millions of rupees as a dependent variable, whereas balance of trade is taken as a proxy of trade liberalization as an independent variable along with for...

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