Rebalancing Pakistan’s Growth Model from Consumption towards Productivity

Usman W. Chohan

No hnbfx_v1, SocArXiv from Center for Open Science

Abstract: This paper examines the structural weaknesses of Pakistan’s consumption-led growth model and argues for a transition toward productivity-driven economic development. For decades, Pakistan’s economy has relied heavily on household consumption, imports, remittances, and debt-financed expansion, resulting in recurring balance-of-payments crises, weak industrial competitiveness, and chronic dependence on external financing. The paper analyzes the causes and limitations of this model while comparing Pakistan’s experience with the productivity-oriented development strategies of East Asian economies. It argues that sustainable growth requires higher investment, export diversification, industrial upgrading, human capital development, technological innovation, and institutional reform to create a more resilient and competitive economic structure.

Date: 2026-05-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://osf.io/download/69ffc71c88878a0f3e78fffc/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:hnbfx_v1

DOI: 10.31219/osf.io/hnbfx_v1

Access Statistics for this paper

More papers in SocArXiv from Center for Open Science
Bibliographic data for series maintained by OSF ().