Determinants of Economic Growth in Pakistan 1. Introduction The economic growth is a complex phenomenon‚ which involves several factors. One of the major areas of research in economics has been to identify these factors. There is ample literature on the subject matter. These factors differ from country to country. Due to the different socioeconomic conditions the factors of economic growth may be different in the cases of developing and developed countries. The growth of developing countries
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GDP Growth Rate Let us start by defining Gross Domestic Product “GDP” this is an economic indicator of how the health of U.S. economy rate of growth whether it slowly down or increasing in a positive manner. If the GPD is growing in a positive direction that means businesses will grow and unemployment will decrease. GPD is measured by comparing current and previous quarter U.S. economic output. Now if the GPD slows down this would cause businesses to decrease spending and in future investments.
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As a guy who lived in Beijing‚ China for over 10 year‚ I recognized the photo was taken in Beijing immediately. It represent the terrible air pollution Beijing is having. Fig.1 China GDP Annual Growth Rate over 10 years The average GDP growth rate over that past 10 years is maintain 10%. Fast growing periods have historically coincided with periods of strong economic reform. But in other end‚ the environment of main city in China is keeping disappointing people. According to the World Bank
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effect of Exports on GDP Growth in Pakistan Abstract: This paper is examines the causal relationships between gross domestic product (GDP) and exports in Pakistan by using time series data for the period between 1980 and 2000. Time series evidence shows that increase in exports has a significant effect on the economic growth of Pakistan in the previous two decades. This paper uses cointegration to check the causal relationship between export growth and economic growth in Pakistan. Granger
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What are the annual growth rates for the U.S. economy over the last 5 – 10 years? Has GDP been growing or declining over this time-frame? Explain what factors might have caused GDP to increase or decrease over this time-frame. Annual Rates: 2001: 1.1‚ 2002: 1.8‚ 2003: 2.5‚ 2004: 3.6‚ 2005: 3.1‚ 2006: 2.7‚ 2007: 1.9‚ 2008: 0.0‚ 2009: -2.6‚ 2010: 2.9. The 2.7 increase in 2006 slowly declined to a -2.6% change in 2009 and 2.9% increase in 2010.Up until 2009 the rates seemed to slowly decline and
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Can India sustain its present economic growth rate? India is an emerging economy that is witnessing unprecedented levels of economic expansion. It is widely expected that India may overtake China as the world’s fastest growing major economy by 2015. However it is not easy to sustain high levels of economic growth rates. There were a number of countries that experienced a high economic growth rate but were unable to sustain it for a long period of time. In order to determine whether India can sustain
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Introduction What is GDP? The Gross Domestic Product (GDP) has been the most widely used indicator of a nation’s welfare since 1944. For decades‚ people regard countries with higher GDP as stronger ones and whatever is good for the GDP is also good for the nation. But is that true? And what does GDP actually measure? In my opinion‚ GDP only measures part of the economic growth‚ while ignores the economic health and human well-being. First of all‚ GDP counts all the money transitions of goods and
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Overview The current financial crisis has raised questions about the legitimacy of capitalism. Ethi cal failures certainly played a role. While it remains to be seen whether and how many people blatantly broke the law‚ there are abundant signs of various forms of potentially unethical behavior. These include greed‚ unreasonable amounts of le verage‚ subtle forms of corruption (such as ratings agencies that appear to have had a conflict of interest)‚ comple x financial instruments that
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BRAZILIAN GOVERNMENT Brazil entered the new millennium mired in economic difficulties. Macroeconomic conditions will have a great influence on political stability‚ what kinds of laws are passed‚ the ability of businesses to succeed‚ the pace at which new technology is used‚ the availability of jobs‚ and on incomes‚ poverty and crime. Brazil is a constitutional republic of federated states‚ the federal districts‚ and territories. This present constitution was proclaimed in October 1988‚ replacing
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it became an open globalised economy which was supposed to be integrated well to the world economy. Some Macroeconomic Indicators existing at the onset of economic reforms. Indicators Particulars Population BPL 36.8% Per Capita Income growth 3.3% GDP Growth Rate 5% The Planning Commission estimates the population below the poverty line using the expenditure distribution of NSS. In India the poverty line is estimated on the basis of calorie intake. If an Urban resident consumes less than 2000
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