External Debts: A Comparative Study of Pakistan in Democratic and Military Regimes
Journal of Business Strategies 7(1), June 2013, ISSN: 1993-5765
8 Pages Posted: 16 Sep 2013
Date Written: February 16, 2013
This paper examines the comparative analysis of the average level of External Debts between Democratic and Military Regimes in Pakistan for the time period of 41 years spread over1972 to 2012. This tenure had a combination of military and democratic regimes. Independent sample t-test is used to compare both the regimes which results in higher and statistically significant average external debts for democratic regime. Average growth in the external debts for the time period is observed as 6.2% p.a. Democratic regime has been contributing more in the growth of external debts.
Keywords: External Debts, Democratic Government, Military Government, Comparative Analysis
JEL Classification: C12, C22, F34
Suggested Citation: Suggested Citation