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The economic Effects of Democracy in Pakistan: An Empirircal Analysis

Author Affiliations

  • 1FUUAST, PAKISTAN
  • 2 Applied Economics Research Centre, PAKISTAN

Int. Res. J. Social Sci., Volume 4, Issue (3), Pages 14-18, March,14 (2015)

Abstract

Pakistan is facing political and economical problems which directly or indirectly effects on people. Soon after the independence, representatives failed to build a healthy political system in a country which affects badly the whole economy. Current study emphasizes on the role of democracy in Pakistan using time series macroeconomic and democracy related variables. The study utilizes the regression technique for estimating the relationship and shows that democracy and durability of democracy effects economic growth positively and internal conflicts effects negatively the economic growth. The study also proposes some valuable policy implications which help policy makers to understand the reality.

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