Democracy, Autocracy and Macroeconomic Performance in Pakistan

Iqbal, Nasir and Khan, Sardar Javaid Iqbal and Irfan, Muhammad (2008): Democracy, Autocracy and Macroeconomic Performance in Pakistan. Published in: Kashmir Economic Review , Vol. XVII, No. 1 (2008): pp. 61-88.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Democracy, Autocracy, Macroeconomic Performance, Pakistan, Growth, Financial Sector, Fiscal Sector, External Sector
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics; P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy

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