Revisiting the Constraints to Pakistan's Growth

Lopez-Calix, José ; Touqeer, Irum

World Bank, Washington, DC

关键词: ACCESS TO CREDIT;    ACCESS TO FINANCE;    ACCOUNTING;    ADMINISTRATIVE CAPACITY;    AVAILABILITY OF CREDIT;   

RP-ID  :  86257

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper revisits the identificationof the binding constraints to investment and growth inPakistan by rigorously applying the growth diagnosticframework. It has a central finding:Pakistan'seconomy faces two major groups of constraints emerging andstructural. The emerging constraints include infrastructure(energy) deficit, high macro-fiscal risks, and inadequateinternational financing (high country risks and low FDIinflows). The structural binding constraints thatpersistently affect prospects of sustainable growth inPakistan are low access to domestic finance, highanti-export bias, bad taxation system, micro risks (badgovernance, excess business regulations, and poor civilservice) and slow productive diversification.