Scholarlink

This essay sets out to examine the pattern of Pakistan’s gross domestic product (GDP) growth using a Keynesian general equilibrium model to analyse and explain the trajectory of GDP growth over the long run of the last 50 years. The model gives a very clear answer. Pre-1992, high GDP growth of 6 per cent on trend was driven significantly by investment. Post-1992, lower GDP growth of 4 per cent on trend was driven significantly by consumption.

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Application of a Keynesian General Equilibrium Model to Analysing Growth of Output Over Time for Pakistan

  • 章节

  • 发表日期：

    2025年

查看全文
  • Moazam Mahmood,
  • Rabia Ikram

摘要

This essay sets out to examine the pattern of Pakistan’s gross domestic product (GDP) growth using a Keynesian general equilibrium model to analyse and explain the trajectory of GDP growth over the long run of the last 50 years. The model gives a very clear answer. Pre-1992, high GDP growth of 6 per cent on trend was driven significantly by investment. Post-1992, lower GDP growth of 4 per cent on trend was driven significantly by consumption.