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Home > A Critique of Economic Policies and Performance under Alternative Political Setup: A Case Study of Pakistan

A Critique of Economic Policies and Performance under Alternative Political Setup: A Case Study of Pakistan

Thesis Info

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Author

Sheikh Imtiaz Ali

Program

PhD

Institute

University of Karachi

City

Karachi

Province

Sindh

Country

Pakistan

Thesis Completing Year

2019

Thesis Completion Status

Completed

Subject

Economics

Language

English

Link

http://prr.hec.gov.pk/jspui/bitstream/123456789/12239/1/sheikh%20imtiaz%20ali%20economics%202019%20uok%20karachi%20prr.pdf

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676724416664

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The objective of this study is to investigate the macroeconomic performance indicators and sectors in various regimes. The existing work contrasts from the previous research as in it investigates not just the growth distribution of agricultural sector, industrial sector, services sector and Gross Domestic Product pattern in various political administrations, additionally estimates these development and growth rates in Pakistan. The main contribution of this study is to empirically estimate the impact of different political regimes on the macroeconomic performance indicators and sectors for the year 1950 to 2010 employing Auto-Regressive Distributed Lag, Johansen CoIntegration and Error Correction Model techniques. After examining macroeconomic performance Pakistan, under alternative political setup that is dictatorship and democracy, it is concluded that the type of associations between an alternative political setup that is dictatorship and democracy and economic development and growth resists the finding established that both political setups promote the economic growth and development of Pakistan. Under interesting conditions of Pakistan, the connection between economic development and growth and the democratic system is ambiguous and inexplicit. Pakistan’s economic growth and development have been better with tyrannical political administrations than democracy and the causative association amongst democratic system and economic aspects, as laid out by Huntington, can''t be shown on account of Pakistan. The economic development and growth are prominent in the entire periods of despotism with a high rate of growth of per capita GDP. As well as the divisions that contribute to the Gross Domestic Product likewise develop with high rate is a dictatorship. Keeping all these proofs and evidence in mind, it cannot be forecasted that democracy or dictatorship is beneficial for Pakistan. It is generally perceived that the long span of the political regime and international shock can contribute better economic growth. It is concluded that politics does matter, however, "regimes" don''t catch the suitable differences. Politics matter rather than the type of government system. Therefore high economic growth in Pakistan can achieve through implementing the stable and consistent political regime.
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