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Democracy, Autocracy and Macroeconomic Performance in Pakistan

Author

Listed:
  • Iqbal, Nasir
  • Khan, Sardar Javaid Iqbal
  • Irfan, Muhammad

Abstract

Pakistan showed a healthy growth rate of 5.6 percent during the entire history and faced many ups and down in the economic growth due to dramatic changes in the political regimes. The literature shows mixed results regarding the impact of autocracy or democracy on economic growth. The aggregate growth of the economy under the autocracy remained better as compared to democratic period. Financial Indicators show consistent path through out the history of Pakistan. Different trade policies are designed in different regime to run the external sector and the impact of each policy was different.

Suggested Citation

  • Iqbal, Nasir & Khan, Sardar Javaid Iqbal & Irfan, Muhammad, 2008. "Democracy, Autocracy and Macroeconomic Performance in Pakistan," MPRA Paper 28122, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:28122
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    References listed on IDEAS

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    Cited by:

    1. Adnan Haider & Musleh ud Din & Ejaz Ghani, 2011. "Consequences of Political Instability, Governance and Bureaucratic Corruption on Inflation and Growth: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 50(4), pages 773-807.
    2. Nasir Iqbal & Musleh ud Din & Ejaz Ghani, 2017. "The Fiscal Deficit and Economic Growth in Pakistan: New Evidence," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 22(Special E), pages 53-72, September.
    3. Muhammad Shabbir & Imrab Shaheen & Fahrat Qayyum, 2020. "Domestic Investment in Pakistan: An Analysis Across Different Political Regimes," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 344-351.

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    More about this item

    Keywords

    Democracy; Autocracy; Macroeconomic Performance; Pakistan; Growth; Financial Sector; Fiscal Sector; External Sector;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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