東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Explaining Pakistan's long-run growt...

Mahmood, Moazam.

Linked to FindBook

Google Book

Amazon

博客來

Explaining Pakistan's long-run growth = a Keynesian model in seven essays /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Explaining Pakistan's long-run growth/ by Moazam Mahmood, Rabia Ikram.
Reminder of title:	a Keynesian model in seven essays /
Author:	Mahmood, Moazam.
other author:	Ikram, Rabia.
Published:	Cham :Springer Nature Switzerland : : 2025.,
Description:	xv, 230 p. :ill. (some col.), digital ;24 cm.
[NT 15003449]:	1. Conceptualising a Keynesian demand led model to explain long run growth - the dance between supply and demand -- 2. The primary macro explanators of Pakistan's GDP growth over the past half century: the dance between investment and consumption -- 3. Explaining investment growth: the dance between investment and public investment -- 4. Explaining public investment growth - the dance with fiscal deficits -- 5. Policy Implications - dancing over deficits.
Contained By:	Springer Nature eBook
Subject:	Development Economics. -
Subject:	Pakistan - Economic conditions. -
Online resource:	https://doi.org/10.1007/978-3-031-86677-7
ISBN:	9783031866777

Explaining Pakistan's long-run growth = a Keynesian model in seven essays /
Mahmood, Moazam.

Explaining Pakistan's long-run growtha Keynesian model in seven essays /[electronic resource] :by Moazam Mahmood, Rabia Ikram. - Cham :Springer Nature Switzerland :2025. - xv, 230 p. :ill. (some col.), digital ;24 cm.

1. Conceptualising a Keynesian demand led model to explain long run growth - the dance between supply and demand -- 2. The primary macro explanators of Pakistan's GDP growth over the past half century: the dance between investment and consumption -- 3. Explaining investment growth: the dance between investment and public investment -- 4. Explaining public investment growth - the dance with fiscal deficits -- 5. Policy Implications - dancing over deficits.

This book explains the behaviour of output and its growth over time. It does so by deliberating over a choice among three fundamental models-the Samuelson-Swan-Solow neoclassical model, the Harrod-Domar model and the Keynesian model-to choose one fit for purpose. The criteria for goodness of fit are some mathematical properties of growth models. The model chosen for meeting these properties is the Keynesian model, which is a bit better on all these counts. The chosen Keynesian model of aggregate demand has been used to explain the observed behaviour of Pakistan's long-run growth of gross domestic product (GDP). Pakistan's GDP growth over the long run between 1973 and 2019 is marked by a statistically significant hiatus at approximately 1992. Pre-1992, GDP growth on trend approximated 6 percent per annum. Post-1992, it drops on trend to approximately 4 percent per annum. Applied to the hiatus in Pakistan's GDP growth after 1992, this model shows that pre-1992, high GDP growth is explained by high investment growth, paired with a low marginal propensity to consume (MPC), while post-1992, lowered GDP growth is explained by lower investment growth paired with a higher MPC. Thus, Pakistan's higher GDP growth pre-1992 was investment-led while its lower GDP growth post-1992 has been consumption-led. The book then traces the causality of these trends in investment and consumption to a falling trend in public investment. This is linked to an increasingly austere regulatory policy environment, while private investment fails to step in and maintain aggregate investment. Moazam Mahmood is Professor of Economics at the Lahore School of Economics, Pakistan, and Visiting Professor at the Capital University of Economics and Business, China. Rabia Ikram is Senior Lecturer at the Lahore School of Economics, Pakistan.

ISBN: 9783031866777

Standard No.: 10.1007/978-3-031-86677-7doiSubjects--Topical Terms:

894104
Development Economics.
Subjects--Geographical Terms:

651044
Pakistan
--Economic conditions.

LC Class. No.: HC440.5

Dewey Class. No.: 330.95491

Explaining Pakistan's long-run growth = a Keynesian model in seven essays /
LDR:03303nmm a2200325 a 4500 001 2411513
003 DE-He213
005 20250514130259.0
006 m d
007 cr nn 008maaau
008 260204s2025 sz s 0 eng d
020 $a 9783031866777 $q (electronic bk.)
020 $a 9783031866760 $q (paper)
024 7 $a 10.1007/978-3-031-86677-7 $2 doi
035 $a 978-3-031-86677-7
040 $a GP $c GP
041 0 $a eng
050 4 $a HC440.5
072 7 $a KCM $2 bicssc
072 7 $a BUS068000 $2 bisacsh
072 7 $a KCM $2 thema
082 0 4 $a 330.95491 $2 23
090 $a HC440.5 $b .M215 2025
100 1 $a Mahmood, Moazam. $3 3603009
245 1 0 $a Explaining Pakistan's long-run growth $h [electronic resource] : $b a Keynesian model in seven essays / $c by Moazam Mahmood, Rabia Ikram.
260 $a Cham : $b Springer Nature Switzerland : $b Imprint: Palgrave Macmillan, $c 2025.
300 $a xv, 230 p. : $b ill. (some col.), digital ; $c 24 cm.
505 0 $a 1. Conceptualising a Keynesian demand led model to explain long run growth - the dance between supply and demand -- 2. The primary macro explanators of Pakistan's GDP growth over the past half century: the dance between investment and consumption -- 3. Explaining investment growth: the dance between investment and public investment -- 4. Explaining public investment growth - the dance with fiscal deficits -- 5. Policy Implications - dancing over deficits.
520 $a This book explains the behaviour of output and its growth over time. It does so by deliberating over a choice among three fundamental models-the Samuelson-Swan-Solow neoclassical model, the Harrod-Domar model and the Keynesian model-to choose one fit for purpose. The criteria for goodness of fit are some mathematical properties of growth models. The model chosen for meeting these properties is the Keynesian model, which is a bit better on all these counts. The chosen Keynesian model of aggregate demand has been used to explain the observed behaviour of Pakistan's long-run growth of gross domestic product (GDP). Pakistan's GDP growth over the long run between 1973 and 2019 is marked by a statistically significant hiatus at approximately 1992. Pre-1992, GDP growth on trend approximated 6 percent per annum. Post-1992, it drops on trend to approximately 4 percent per annum. Applied to the hiatus in Pakistan's GDP growth after 1992, this model shows that pre-1992, high GDP growth is explained by high investment growth, paired with a low marginal propensity to consume (MPC), while post-1992, lowered GDP growth is explained by lower investment growth paired with a higher MPC. Thus, Pakistan's higher GDP growth pre-1992 was investment-led while its lower GDP growth post-1992 has been consumption-led. The book then traces the causality of these trends in investment and consumption to a falling trend in public investment. This is linked to an increasingly austere regulatory policy environment, while private investment fails to step in and maintain aggregate investment. Moazam Mahmood is Professor of Economics at the Lahore School of Economics, Pakistan, and Visiting Professor at the Capital University of Economics and Business, China. Rabia Ikram is Senior Lecturer at the Lahore School of Economics, Pakistan.
650 1 4 $a Development Economics. $3 894104
650 2 4 $a Economic Growth. $3 676727
650 2 4 $a Asian Economics. $3 2191385
651 0 $a Pakistan $x Economic conditions. $3 651044
651 0 $a Pakistan $x Economic policy. $3 3722642
700 1 $a Ikram, Rabia. $3 3786038
710 2 $a SpringerLink (Online service) $3 836513
773 0 $t Springer Nature eBook
856 4 0 $u https://doi.org/10.1007/978-3-031-86677-7
950 $a Economics and Finance (SpringerNature-41170)