Ahmed, Vaqar; O'Donoghue, Cathal - In: Lahore Journal of Economics 15 (2010) 1, pp. 45-90
This paper studies the impact of changes in the external balance of Pakistan. We explain why the economic growth achieved during the past decade was highly dependent on improvements in the external balance. Between 2001 and 2007, Pakistan benefited from an increase in remittances, foreign...