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Pro-business and pro-market reforms in Pakistan: economic growth and stagnation 1950–51 to 2011–12

Abstract:

This paper uses a new method to analyse the causes of growth and stagnation in Pakistan between 1950–51 and 2011–12. It provides support for the argument that pro-business reforms have been an important driver of Pakistan's economic growth. This result holds across two episodes of growth and one episode of stagnation. These findings lead to a clear policy implication: if Pakistan is to return to fast growth, policy needs to move away from pro-market reforms, learn these lessons of history, an...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted Manuscript

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Publisher copy:
10.1080/13547860.2017.1287827

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Institution:
University of Oxford
Department:
Wolfson College
Role:
Author
Publisher:
Routledge Publisher's website
Journal:
Journal of Asia Pacific Economy Journal website
Volume:
22
Issue:
3
Pages:
454-476
Publication date:
2017-02-16
Acceptance date:
2016-12-21
DOI:
EISSN:
1469-9648
ISSN:
1354-7860
Pubs id:
pubs:675133
URN:
uri:cc4aa2c1-953c-4b4c-821a-64b2ed917014
UUID:
uuid:cc4aa2c1-953c-4b4c-821a-64b2ed917014
Local pid:
pubs:675133
Paper number:
3

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