Pattern of Development and Sustainable Economic Growth In Pakistan: A Descriptive Analysis

Fizza Younis (), Aslam Chaudhary and Muhammad Akbar

MPRA Paper from University Library of Munich, Germany

Abstract: Economic growth and development in Pakistan has always been erratic. This study attempts to examine possible causes and ramifications arising as a result. Major macroeconomic, social and environmental variables are examined using data from 1950 to 2013 and policy implications are chalked out. Literature shows that low savings and investment rates, budget deficit, institutional shortcomings, lack of human development and environmental degradation remains some of the major issues faced by the country. These factors together along with bad governance are considered as the major cause of unsustainable development. The descriptive analysis of the growth rates and averages of selected variables is conducted to study the pattern of economic growth and development. The study reveals that Pakistan has experienced unsustainable economic growth since its birth. Savings and investment has remained low and there is persistence of fiscal deficit. Furthermore trade deficit worsens the balance of payment situation. Investment in infrastructure, especially social infrastructure is inadequate and, hence human development is neglected. In addition, there is environmental degradation. Thus there is need for policies that encompass economic, social and environmental sectors. In other words policies should aim at achieving sustainable development.

Keywords: Data analysis; Economy in retrospect; Pakistan economy; Pattern of development; Sustainable growth. (search for similar items in EconPapers)
JEL-codes: O1 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Published in Journal of South Asian Studies 1.3(2015): pp. 77-91

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/71473/1/MPRA_paper_71473.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:71473

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().