Policy-based lending, structural adjustment and economic growth in Pakistan

McGillivray, Mark 2003, Policy-based lending, structural adjustment and economic growth in Pakistan, Journal of Policy Modeling, vol. 25, no. 2, pp. 113-121.

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Title Policy-based lending, structural adjustment and economic growth in Pakistan
Author(s) McGillivray, Mark
Journal name Journal of Policy Modeling
Volume number 25
Issue number 2
Start page 113
End page 121
Publisher Elsevier Inc.
Place of publication New York, N. Y.
Publication date 2003
ISSN 0161-8938
1873-8060
Keyword(s) Structural adjustment program
Real GDP
World Bank and IMF
Summary This paper provides an econometric analysis of Pakistan’s structural adjustment program. Introduced in 1980, this program has been supported by the World Bank and IMF under their policy-based lending regimes. Building on recent advances in modelling the impact of policy reform, the paper applies a smooth transitions model to Pakistani real GDP data for the period 1960–2000. Results of this analysis suggest that the adjustment program has not stimulated growth in Pakistan, and that the origins of Pakistan’s post-program growth performance well pre-date this program.
Language eng
Field of Research 140399 Econometrics not elsewhere classified
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ┬ęCopyright 2002 Published by Elsevier Science Inc.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30028860

Document type: Journal Article
Collection: Alfred Deakin Research Institute
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