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Income Velocity and Pakistan's Second Plan

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  • RICHARD C. PORTER

    (Institute of Development Economics.)

Abstract

An attempt is made in this paper to appraise the extent to which the income velocity concepti is a useful tool in the financial planning of the Second Five Year Plan. For many years now, economists have been skeptical of the efficacy of velocity analysis, but most of this skepticism derives from its disastrous failure in the depr~ssion of the 1930s. Theorists generally concede its applicabilIty in full-capacity situations2, and it is in just such a situation that it is being applied in current analyses of the financial implications of Pakistan's Second Plan.

Suggested Citation

  • Richard C. Porter, 1961. "Income Velocity and Pakistan's Second Plan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 1(1), pages 22-51.
    • Handle: RePEc:pid:journl:v:1:y:1961:i:1:p:22-51
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    File URL: http://www.pide.org.pk/pdf/PDR/1961/Volume1/22-51.pdf
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    Cited by:

    1. Faiz Bilquees & Shahnaz Rauf, 1994. "Income Velocity and per Capita Income in Pakistan: 1974-75 to 1991-92," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(4), pages 985-995.

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