Why Pakistan economic growth continues to be balance of payments constrained.
In Pakistan, the balance of payments constrained growth rate is estimated at 3.8% based on 1980 -2017 data and using long-term estimates of import and export income elasticities. The result is lower than previous estimates of balance of payments constrained growth in the literature, indicating that...
| Main Author: | |
|---|---|
| Resource Type: | Electronic Resource |
| Language: | English |
| Published: |
Metro Manila, Philippines
Asian Development Bank
2019.
|
| Series: | Central and West Asia working papers.
|
| Subjects: | |
| Online Access: | https://www.adb.org/publications/pakistan-economic-growth-bop-constrained |
| Summary: | In Pakistan, the balance of payments constrained growth rate is estimated at 3.8% based on 1980 -2017 data and using long-term estimates of import and export income elasticities. The result is lower than previous estimates of balance of payments constrained growth in the literature, indicating that lower export performance weighed more on gross domestic product growth in the recent period. The paper recommends structural reforms to improve Pakistan's export performance. |
|---|---|
| Physical Description: | 1 online resource (24 pages) |