Open AccessPakistan’s Growth Spurts and Reversals: A Historical Perspective
Author(s) -
Rashīd Amjad
Publication year - 2014
Publication title -
the lahore journal of economics
Language(s) - English
Resource type - Journals
eISSN - 1811-5446
pISSN - 1811-5438
DOI - 10.35536/lje.2014.v19.isp.a5
Subject(s) - perspective (graphical) , economics , constraint (computer aided design) , neoclassical economics , development economics , mathematics , geometry
This paper takes a historical perspective to search for the major causes of Pakistan’s stop-go growth cycles and come to the conclusion that, to varying degrees, the foreign exchange constraint provides a major explanation for these cycles of irregular economic growth in the country, particularly since the 1990s.