國立高雄大學圖資館 |

登入

回首頁

Explaining Pakistan's long-run growtha Keynesian model in seven essays /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Explaining Pakistan's long-run growthby Moazam Mahmood, Rabia Ikram.
其他題名:	a Keynesian model in seven essays /
作者:	Mahmood, Moazam.
其他作者:	Ikram, Rabia.
出版者:	Cham :Springer Nature Switzerland :2025.
面頁冊數:	xv, 230 p. :ill. (some col.), digital ;24 cm.
Contained By:	Springer Nature eBook
標題:	Development Economics.
標題:	PakistanLanguages
電子資源:	https://doi.org/10.1007/978-3-031-86677-7
ISBN:	9783031866777$q(electronic bk.)

Explaining Pakistan's long-run growtha 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$q(electronic bk.)

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

274371
Development Economics.
Subjects--Geographical Terms:

399619
Pakistan
--Languages

LC Class. No.: HC440.5

Dewey Class. No.: 330.95491

Explaining Pakistan's long-run growtha Keynesian model in seven essays /
LDR:03304nmm a2200325 a 4500 001 687089
003 DE-He213
005 20250514130259.0
006 m d
007 cr nn 008maaau
008 260309s2025 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 818832
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 274371
650 2 4 $a Economic Growth. $3 274406
650 2 4 $a Asian Economics. $3 744612
651 0 $a Pakistan $x Languages $x Political aspects. $3 399619
700 1 $a Ikram, Rabia. $3 1001573
710 2 $a SpringerLink (Online service) $3 273601
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)