Felipe, Jesus; McCombie, J. S. L.; Naqvi, Kaukab - In: Oxford Development Studies 38 (2010) 4, pp. 477-496
This paper examines the extent to which Pakistan's growth has been, or is likely to be, constrained by its balance of payments. Evidence presented suggests that Pakistan's maximum growth rate consistent with equilibrium on the basic balance is approximately 5% per annum. This is below the...