What Do We Know about Growth Patterns in Pakistan?

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dc.creatorLópez-Cálix, J.R.
dc.creatorSrinivasan, T.G.
dc.creatorWaheed, Muhammad
dc.date2014-04-17T14:39:52Z
dc.date2014-04-17T14:39:52Z
dc.date2012-12
dc.date.accessioned2026-07-01T00:47:00Z
dc.descriptionThis paper explores stylized facts of Pakistan's growth patterns. It identifies the short-lived predominant character of its increasingly scarce growth accelerations, the average volatility of the growth rate by international standards, the high but decreasing correlation between overall growth and agricultural growth, the long term decline of its growth (potential) rate to around 4.5 percent, well below the 6 percent rate of the 1960s or from the 7 percent rate required for absorbing the young labor force. It also explores the dramatically steady fall in productivity during the 2000s (measured by Total Factor Productivity) and, to a lesser extent, capital accumulation as main reasons of such decline. The paper analyzes the role factor accumulation plays in long-term labor reallocation across sectors, with industry stalling, agriculture still playing a major role that goes beyond its own contribution to GDP, and services playing an increasing role in creating employment, but on low productivity jobs. Growth acceleration is not assured and Pakistan will need to create more jobs moving from agriculture to industry and services in activities where productivity is higher, but to do this, curbing the factors that constraint growth overall and sectoral and Total Factor Productivity in particular will be essential.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2012/12/19311561/know-growth-patterns-pakistan
dc.identifierhttps://hdl.handle.net/10986/17875
dc.identifierhttps://doi.org/10.1596/17875
dc.identifier.urihttp://hdl.handle.net/123456789/410923
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationWorld Bank Policy Paper Series on Pakistan;no. PK 5/12
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING FRAMEWORK
dc.subjectACCOUNTING MODELS
dc.subjectACTUAL GROWTH
dc.subjectAGRICULTURAL GROWTH
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURE
dc.subjectANNUAL GROWTH
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATES
dc.subjectBLOATED BUREAUCRACY
dc.subjectCAPITA GROWTH
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL STOCK
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSTANT RETURNS
dc.subjectCORRELATION COEFFICIENT
dc.subjectDATA QUALITY
dc.subjectDEBT
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT POLICY
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC SAVING
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC SURVEYS
dc.subjectECONOMIC UNCERTAINTY
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL TERMS
dc.subjectEMPLOYMENT
dc.subjectEXTERNAL SHOCKS
dc.subjectFACTOR ACCUMULATION
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL DEFICITS
dc.subjectFLUCTUATIONS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH ACCELERATIONS
dc.subjectGROWTH ACCOUNTING
dc.subjectGROWTH DIAGNOSTICS
dc.subjectGROWTH INVESTMENT
dc.subjectGROWTH MODELS
dc.subjectGROWTH PATTERN
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH THEORY
dc.subjectGROWTH VOLATILITY
dc.subjectGROWTH WITHOUT DEVELOPMENT
dc.subjectHIGH GROWTH
dc.subjectHUMAN CAPITAL
dc.subjectIMPERFECT COMPETITION
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINFLATION RATES
dc.subjectINHERITANCE
dc.subjectINSURANCE
dc.subjectINTERNATIONAL MONETARY FUND
dc.subjectLABOR FORCE
dc.subjectLABOR INPUT
dc.subjectLABOR SUPPLY
dc.subjectLEVEL PLAYING FIELD
dc.subjectLONG RUN
dc.subjectLOW INFLATION
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMICS
dc.subjectMASS EDUCATION
dc.subjectNEGATIVE IMPACT
dc.subjectOUTPUT GROWTH
dc.subjectPAYMENT CRISIS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY STANCE
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOLITICAL STABILITY
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE STABILITY
dc.subjectPRIMARY EDUCATION
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATIZATION
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREMITTANCES
dc.subjectRURAL AREAS
dc.subjectRURAL POOR
dc.subjectSAVING RATE
dc.subjectSECTOR REFORMS
dc.subjectSHORTAGES
dc.subjectSIGNIFICANT FACTOR
dc.subjectSTAGFLATION
dc.subjectSTAGNATION
dc.subjectSTANDARD DEVIATION
dc.subjectSTATE OF TECHNOLOGY
dc.subjectSTRUCTURAL CHANGE
dc.subjectSTRUCTURAL TRANSFORMATION
dc.subjectTECHNICAL CHANGE
dc.subjectTFP
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE LIBERALIZATION
dc.subjectUNSKILLED LABOR
dc.subjectVOLATILITY
dc.titleWhat Do We Know about Growth Patterns in Pakistan?

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