Analysing Pakistan’s Investment Growth Over Time
Moazam Mahmood and
Rabia Ikram
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Moazam Mahmood: Lahore School of Economics
Rabia Ikram: Lahore School of Economics
Chapter Chapter 7 in Explaining Pakistan’s Long-Run Growth, 2025, pp 137-177 from Springer
Abstract:
Abstract The fifth essay found that a Keynesian aggregate demand model adapted to estimate growth over time explained Pakistan’s gross domestic product (GDP) growth trajectory well. The plurality of causal variables on the right-hand side of the equation was the model’s advantage in determining output growth on the left-hand side of the equation. Further, the nuance of the model through the Kahn-Keynes multiplier (k) posited investment and consumption as trade-offs rather than additives.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-86677-7_7
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DOI: 10.1007/978-3-031-86677-7_7
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