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This paper explores the empirical association between democracy and per capita output growth in Pakistan using data for the period 1947 to 2006. The findings of the paper indicate a weak negative association between democracy and output growth. Consistent with some current empirical literature,...
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This study finds that the manufacturing sector of Pakistan has experienced a slight decline in total factor productivity, which can be attributed to various distortions such as over-employment in public sector, misdirected pricing policies and lack of financial discipline. The study further...
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