Zeeshan Siddiqui and Rummana Zaheer
The hasty economic progress of emerging economies has opened markets for their international trade during the last 20 years. Therefore, the significance of the topic has simulated a large theoretical and empirical literature of trade and its impact on growth. However, we are interested to find out the impact of regional integration on economic growth to analyze the convergence and specifically the convergence of per capita GDP. This article presents the empirical evidence that countries with open, large and more developed neighboring countries grow faster and converge more than the closed, smaller less developed neighboring economies. In this study, we have examined the issue of convergence for Pakistan during 1980-2016 employing cointegration technique of convergence. It is recommended to policy makers to focus on those factors which are cumulating growth in the country rather to increase the commodity prices.
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Journal of Global Economics received 1931 citations as per Google Scholar report
