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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. Velasco, Virgilio T., 1979. "A Review and Synthesis of Macroeconomic Models of the Philippines," Working Papers WP 1979-02, Philippine Institute for Development Studies.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    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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