Democracy Autocracy and Macroeconomic Performance in Pakistan
Kashmir Economic Review, Vol. 17, No.1, pp. 61-88, 2008
28 Pages Posted: 7 Jan 2011
Date Written: June 5, 2008
Pakistan showed a healthy growth rate of 5.6 percent during the entire history and faced many ups and downs in economic growth due to dramatic changes in political regimes. The literature shows mixed results regarding the impact of autocracy or democracy on economic growth. The aggregate growth of the economy under autocracy remained better as compared to democratic period. Financial indicators show consistent path through out the history of Pakistan. Different trade policies are designed in different regime to run the external sector and the impact of each policy was different.
Keywords: Democracy, Autocracy, Pakistan, Economic Growth, Macroeconomic Performance
JEL Classification: O47
Suggested Citation: Suggested Citation