Pakistan: Breaking Out of Stagflation into Sustained Growth
AbstractThis paper proposes that the underlying cause of the macroeconomic problems facing Pakistan today are a series of supply shocks which have constrained output growth. It is argued that while the current debate has solely focused on government expenditures and revenues, it is critical to also address the acute energy shortages which is constraining supply. The paper goes on to present four recommendations for breaking out of the present stagflation: (i) prudent macroeconomic management, (ii) reviving the role of the government in development while restoring fiscal balance, (iii) loosening monetary policy in order to spur the private sector, and (iv) improving social safety nets.
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Bibliographic InfoArticle provided by Department of Economics, The Lahore School of Economics in its journal Lahore Journal of Economics.
Volume (Year): 16 (2011)
Issue (Month): Special Edition (September)
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Web page: http://www.lahoreschoolofeconomics.edu.pk/EconomicsJournal/LJEIntro.aspx
More information through EDIRC
Economic Growth; Supply Shock; Pakistan.;
Other versions of this item:
- Amjad, Rashid & Din, Musleh-ud & Qayyum, Abdul, 2011. "Pakistan: Breaking out of stagflation into sustained growth," MPRA Paper 33812, University Library of Munich, Germany.
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- P44 - Economic Systems - - Other Economic Systems - - - National Income, Product, and Expenditure; Money; Inflation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- repec:pid:wpaper:2010:2 is not listed on IDEAS
- Amjad, Rashid & Din, Musleh ud, 2010.
"Economic and social impact of global financial crisis: implications for macroeconomic and development policies in South Asia,"
38150, University Library of Munich, Germany.
- Rashid Amjad & Musleh ud Din, 2010. "Economic and Social Impact of Global Financial Crisis: Implications for Macroeconomic and Development Policies in South Asia," PIDE Monograph Series 2010:2, Pakistan Institute of Development Economics.
- Muhammad Arshad Khan & Muhammad Abdul Qayyum, 2007.
"Trade, Financial and Growth Nexus in Pakistan,"
Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2013),
Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-24, December.
- Amjad, Rashid, 2012.
"Stagflation, the Labor Market Impact, and the Poverty Puzzle in Pakistan: A Preliminary Analysis,"
41976, University Library of Munich, Germany.
- Rashid Amjad, 2012. "Stagflation, the Labor Market Impact, and the Poverty Puzzle in Pakistan: A Preliminary Analysis," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 17(Special E), pages 51-71, September.
- Irfan ul Haque & Sahar Amjad, 2012. "Toward a Heterodox Approach: Reconciling Stabilization and Economic Growth in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 17(Special E), pages 1-32, September.
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