Pakistan Institute of Development Economics

THE PAKISTAN DEVELOPMENT REVIEW 

Leapfrogging and Moving Closer towards Regional Partners: Rate of Transition Analysis by Digital Mosaics and Weibull Probability Distribution Model

Regional integration and cooperation promotes economic development of countries. Many regional blocs have been created in different regions of the globe to boost trade and socio-cultural ties between the member states. Pakistan has since been a great exponent of regional integration and cooperation. With emergence of China Pakistan Economic Corridor (CPEC), it is expected that Pakistan will move further closer to its historical ally China and other regional partners including Central Asian States. This paper investigates the gradual transition of Pakistan towards greater regional integration using data on eight selected variables from 2001 to 2015 (15 years) for ten selected countries of Asia. To ascertain the rate of transition of regional integration, digital analysis of data was carried out and digital mosaics were created with the help of latest digital software SURFER – 9. To know the effect of different variables on rate of transition of regional integration, data was analysed by using Weibull Probability Distribution Model (WPDM). Results indicated that Pakistan is consistently moving closer to the regional countries and the rate of transition of regional integration is increasing with time. The land, air and sea routes of connectivity had greater effect on this rate of transition compared to other variables. This validated the conception that CPEC will play instrumental role in strengthening regional integration in the context of Pakistan.

Ejaz Gul And Imran Sharif Chaudhry

Please download the PDF to view it:

Download PDF