Democracy Autocracy and Macroeconomic Performance in Pakistan

Chani, Dr. Muhammad Irfan; Iqbal, Nasir; Khan, Sardar Javaid Iqbal

doi:10.2139/ssrn.1735650

Democracy Autocracy and Macroeconomic Performance in Pakistan

Kashmir Economic Review, Vol. 17, No.1, pp. 61-88, 2008

28 Pages Posted: 7 Jan 2011

See all articles by Dr. Muhammad Irfan Chani

Sardar Javaid Iqbal Khan

affiliation not provided to SSRN

Date Written: June 5, 2008

Abstract

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

Chani, Muhammad Irfan and Iqbal, Nasir and Khan, Sardar Javaid Iqbal, Democracy Autocracy and Macroeconomic Performance in Pakistan (June 5, 2008). Kashmir Economic Review, Vol. 17, No.1, pp. 61-88, 2008. Available at SSRN: https://ssrn.com/abstract=1735650 or http://dx.doi.org/10.2139/ssrn.1735650