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Optimal Patterns of Growth and Aid The Case of Pakistan

Author

Listed:
  • HOLLIS B. CHENERY

    (Harvard University)

  • ARTHUR MACEwAN

    (Harvard University)

Abstract

One of the principal means for poor countries to accelerate their development is by using external resources to supply additional imports and to finance a higher level of investment. While this policy offers substantial benefits, it also requires that the structure of the economy be adapted to accommodate the expected resource inflow over a substantial period of time. For this reason, the extent of reliance on external capital-public and private-becomes one of the critical elements of development strategy.

Suggested Citation

  • HOLLIS B. CHENERY & ARTHUR MACEwAN, 1966. "Optimal Patterns of Growth and Aid The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 6(2), pages 209-242.
    • Handle: RePEc:pid:journl:v:6:y:1966:i:2:p:209-242
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    File URL: http://www.pide.org.pk/pdf/PDR/1966/Volume2/209-242.pdf
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    Citations

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    Cited by:

    1. Anam Tanveer & Muhammad Mehran Latif & Maryum Ziafat, 2019. "Role of Foreign Aid in Employment Generation: A Case Study of Pakistan," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 1(2), pages 103-112, December.
    2. Zafar Iqbal & Ghulam Mustafa Zahid, 1998. "Macroeconomic Determinants of Economic Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(2), pages 125-148.
    3. Ali, Amjad, 2022. "Foreign Debt, Financial Stability, Exchange Rate Volatility and Economic Growth in South Asian Countries," MPRA Paper 116328, University Library of Munich, Germany, revised 2022.
    4. Mario García Molina & Jeanne Kelly Ruíz Tavera, 2008. "Ley de Thirlwall y modelo de brechas: un modelo unificado," Documentos de Trabajo, Escuela de Economía 4835, Universidad Nacional de Colombia, FCE, CID.
    5. Velasco, Virgilio T., 1979. "A Review and Synthesis of Macroeconomic Models of the Philippines," Working Papers WP 1979-02, Philippine Institute for Development Studies.
    6. Zafar Iqbal, 1997. "Foreign Aid and the Public Sector: A Model of Fiscal Behaviour in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(2), pages 115-129.

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