Open AccessGrowth and Structural Change in Pakistan Manufacturing Industry, 1954-1964
Author(s) -
S. R. Lewis,
Ronald Soligo
Publication year - 1965
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v5i1pp.94-139
Subject(s) - capital good , tariff , economics , manufacturing , industrial organization , production (economics) , scale (ratio) , capital (architecture) , point (geometry) , business , commerce , international trade , goods and services , market economy , macroeconomics , marketing , history , physics , geometry , archaeology , mathematics , quantum mechanics
It has been evident for some time that Pakistan has enjoyed arate of growth of its large-scale manufacturing sector that is indeedenviable. Some efforts have been made to study and understand thisprocess both in terms of aggregate growth [20] and with reference tospecific industries and policies [6]. In addition, a point of view hasgrown up in unofficial [21] and in official circles [16; 17; 18], thatdue to tariff and licensing policies, growth in manufacturing industryin Pakistan has proceeded via import substitution in light, consumergoods industries, that the possibilities for further growth in thesedirections are now extremely limited, that the export markets for suchgoods are small (due to a variety of reasons) and that future growthmust take place via import substitution in intermediate goods andprimarily in capital goods industries. As yet, little empirical work hasbeen done to examine the various parts of this point of view. Thepurposes of the present paper are twofold. First, we have made a fewsimple improvements in the data on industrial growth and have collectedsuch data as are available on production, imports, and exports ofmanufactured goods at a somewhat disaggregated level. Second, we havemade some simple analysis of the patterns of manufacturing growth anddiscussed a few relationships that seem to have influenced the directionof industrial expansion over the past decade. In the latter part of thepaper, we have reexamined the generally accepted point of view aboutindustrial growth.