Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland

Authors

  • Hafiz Asim Ph.D. Scholar at Department of Economics, University of Management and Technology, Lahore, Pakistan
  • Adnan Ali Shahzad Department of Economics, Division of Management and Administrative Sciences, University of Education, Lower Mall Campus, Lahore
  • Bilal Nafees Lecturer, UE Business School, Division of Management and Administrative Sciences, University of Education, Lahore, Pakistan
  • Muhammad Faraz Mubarak

DOI:

https://doi.org/10.31384/jisrmsse/2022.20.2.8

Keywords:

Exports, Finland, Industrial Growth, Corruption

Abstract

Present research is an effort to diagnose the exigent determinants of exports in Finland by using time series data from 1993-2020. The study employs vector-error correction model (VECM) by using Johansen technique to co-integration. The empirical findings of the co-integration indicate the existence of significant relationship between exports and its various determinants in the long-run. The results of VECM revealed that exchange rate and remittances are significant and positive determinants of Finland’s exports in the long run. In the meanwhile, the impact of exchange rate and remittances is significant but negative on the exports of Finland in the short-run. On the other hand, industrial growth and corruption are incorporated in the model as exogenous factors in short-run dynamics. The impact of industrial growth is positive and significant on the exports performance while the corruption is negatively affecting the exports for Finnish economy. The study suggests a conducive and stable exchange rate policy and control on corruption to encourage exports.

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Published

2022-12-31

How to Cite

Asim, H., Shahzad, A. A. ., Nafees, B., & Mubarak, M. F. (2022). Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland. JISR Management and Social Sciences & Economics, 20(2). https://doi.org/10.31384/jisrmsse/2022.20.2.8

Issue

Vol. 20 No. 2 (2022): JISR-MSSE

Section

Original Articles

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Copyright (c) 2022 Hafiz Asim, Adnan Ali Shahzad, Bilal Nafees, Muhammad Faraz Mubarak

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