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Key Issues in Industrial Growth in Pakistan

Author

Listed:
  • A. R. Kemal

    (Former Director, Pakistan Institute of Development Economics, Islamabad, Pakistan.)

Abstract

The author here looks at problems in the manufacturing sector. One macro enigma is that while growth had recently risen to 8%, investment levels as a ratio of GDP seem to have fallen. One reason for this is the re-evaluation upwards of the GDP. But the same issue emerges in manufacturing with very high growth rates coinciding with falling investment levels. The declining investment levels could be due to a number of factors including high production costs, transaction costs, policy continuity risks, skills and wages and changes in the demand structure.

Suggested Citation

  • A. R. Kemal, 2006. "Key Issues in Industrial Growth in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 11(Special E), pages 49-74, September.
    • Handle: RePEc:lje:journl:v:11:y:2006:i:sp:p:49-74
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    Cited by:

    1. Karin Astrid Siegmann & Hadia Majid, 2021. "Empowering Growth in Pakistan?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(2), pages 309-331, June.
    2. Neelum Nigar & Unbreen Qayyum, 2021. "Special Economic Zones and The State of Pakistan�s Economy," PIDE Knowledge Brief 2021:27, Pakistan Institute of Development Economics.
    3. Irfan ul Haque, 2015. "Theory at Odds with Best Practice: The Travails of Industrial Policy," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(Special E), pages 87-106, September.
    4. Asmat Nawaz Khattak & Muhammad Ilyas, 2018. "Organization Development and Performance: The Impact of ISO 9001:2015, ISO 14001:2015 and OHSAS 18001 Interventions on Product Quality in Manufacturing Organizations of Pakistan," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 10(4), pages 27-54, December.
    5. Siegmann, K.A. & Majid, H., 2014. "Empowering growth in Pakistan?," ISS Working Papers - General Series 595, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    6. Shahid Ali, 2011. "Working Capital Management and the Profitability of the Manufacturing Sector: A Case Study of Pakistan’s Textile Industry," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(2), pages 141-178, Jul-Dec.

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