An empirical "dependent economy" model for Pakistan
AbstractWhile the âdependent economyâ approach has been used extensively in theoretical work on developing countries, there is very little empirical analysis of it available in the literature. This paper specifies a dependent economy model which incorporates several developing-country features, including an explicit role for public investment and legal interest rate ceilings. The model is estimated for Pakistan and is used to analyze the countryâs recent high growth-low inflation experience. In particular, the contribution that external inflows, in the form of workersâ remittances and concessional lending, may have made in generating this outcome is assessed.
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Bibliographic InfoArticle provided by Elsevier in its journal World Development.
Volume (Year): 22 (1994)
Issue (Month): 10 (October)
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Web page: http://www.elsevier.com/locate/worlddev
Other versions of this item:
- International Monetary Fund, 1991. "An Empirical "Dependent Economy" Model for Pakistan," IMF Working Papers 91/102, International Monetary Fund.
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- repec:idb:brikps:8723 is not listed on IDEAS
- Sajawal Khan & Muhammad Arshad Khan, 2007.
"What Determines Private Investment? The Case of Pakistan,"
2007:36, Pakistan Institute of Development Economics.
- Sajawal Khan & Muhammad Arshad Khan, 2007. "What Determines Private Investment? The Case of Pakistan," Finance Working Papers 22202, East Asian Bureau of Economic Research.
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