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Sources of Pakistan's Economic Growth

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  • NADEEM A. BURNEY

    (Pakistan Institute of Development Economics,Islamabad.)

Abstract

Economic growth is one of the most important objectives of development policy in almost every country. It depends on the historical accumulation of primary factors of production, e.g. labour and capital, and on technological progress and a combination of socio-political and institutional factors. Owing to interactions among these different factors, it is difficult to delineate the role of each factor in economic growth. It is precisely because of this that a systematic and quantitative study of the sources of growth is indispensable. The growth-accounting framework, introduced by Solow [15] to measure productivity change and subsequently extended by Jorgenson and Griliches [5], Christensen and Jorgenson [1], Hulten [4] and Denison [2], provides an important method with which to study the growth experience of a country.

Suggested Citation

  • Nadeem A. Burney, 1986. "Sources of Pakistan's Economic Growth," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 25(4), pages 573-589.
    • Handle: RePEc:pid:journl:v:25:y:1986:i:4:p:573-589
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    File URL: http://www.pide.org.pk/pdf/PDR/1986/Volume4/573-589.pdf
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    Cited by:

    1. Hans De Kruijk, 1987. "Sources of Income Inequality in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 26(4), pages 659-672.
    2. Rahman, Abdul & Khan, Muhammad Arshad & Charfeddine, Lanouar, 2021. "Regime-specific impact of financial reforms on economic growth in Pakistan," Journal of Policy Modeling, Elsevier, vol. 43(1), pages 161-182.

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