Productivity of Medical Instruments Export
Loading...
Date
2017-01-30
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
UMT,Lahore
Abstract
The primary purpose of this study is to inspect the relationship between export
refinance scheme, hydel electricity production, interest rate, Dollar exchange rate, steel and
gold price with the export of medical instruments. In order to ascertain the evidence of the
relationship between various independent variables with the export of medical instruments,
monthly data is used over the period from 2004 - 2015. The Johansen cointegration test,
Vector error correction model is used under time series framework, the empirical results
indicate relationship exist between export refinance scheme, hydel power, Dollar exchange
rate, steel price and the export of medical instruments, while no relationship observed
between gold and medical instruments export. This research study conclude that the
Government of Pakistan should take initiatives to enhance the export refinance scheme, hydel
electricity production in order to mitigate financial, market and operational risk in the
medical instruments manufacturing and export sector of Punjab.