EconPapers    
Economics at your fingertips  
 

The trend of fiscal policies in pakistan's economy: a descriptive analysis

Shahid Ali () and Fazli Rabbi ()

Economics Bulletin, 2010, vol. 30, issue 4, A27

Abstract: Recognizing the importance of sound fiscal policy, the present study analyses the link between fiscal policy and macroeconomic activities for Pakistan's economy for the period 1972 – 2008. The study also examines the effectiveness of fiscal policy under different political regimes. Moreover, this study briefly reviews the government expenditures, tax revenues and sources of financing the budget deficit. After the brief investigation of the structure of Pakistan economy, this study concludes that the effects of budget deficit on macroeconomic activities are different in Pakistan from other lagging economies. The response of current account balance and private consumption to rising budget deficit is also not in accordance with neoclassical views. In case of Pakistan, increase in government expenditures lead to an increase in the level of private consumption. The diverse nature of Pakistan's political regime may have attributed to the dynamics in fiscal policy.

Keywords: Fiscal Policies; Government Expenditures; Taxation and Revenues (search for similar items in EconPapers)
JEL-codes: E6 H2 (search for similar items in EconPapers)
Date: 2010-10-28
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2010/Volume30/EB-10-V30-I4-A27.pdf (application/pdf)

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:ebl:ecbull:eb-10-00655

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().

 
Page updated 2022-05-30
Handle: RePEc:ebl:ecbull:eb-10-00655