Tag Archives: GDP

  It is mandatory, to survive under capitalistic system, to record economic growth every year. This growth is predominantly expressed by a single macro indicator – GDP. The prevailing prices of the factors of production and market prices of goods and services consumed during the year form the basis of GDP calculation. Controlled increase in prices on a sustained basis is the key to the survival off the system. Situations …

  A recent study by John Merrifield and Barry W. Poulson measured the effects of fiscal policy variations in case of three US states: California, Montana and Utah. The study concludes: ‘A measure issue in the debate over tax policy is the supply-side impact of income tax rate cuts. Using the Poulson and Kaplan (2008) estimates of the negative relationship between marginal tax rates and state economic growth, we show …

  Fisheries is an important sector but it contributes only 0.3 percent to the overall GDP of Pakistan and 1.3 percent to the agricultural GDP, despite a coastline of 1,050 km and a total area of approximately 0.25 million square kilometers of marine and 0.08 million sq km of inland waters. The sector has an export potential of $1 billion’ annually and it provides direct employment to about 379,000 fishermen …

  It is often said that Pakistan suffers from ‘confidence deficit’ as the public at large doesn’t have confidence in the policies or statement released about state of the economy of the country. A lot of content pertaining to economic performance released by the Government of Pakistan (GoP) is not taken very seriously. However, the experts prefer to read opinions of the World Bank, International Monetary Fund (IMF) and Asian …

  With the new year having started, the prospects of the banking sector in terms of growth are looking bright. However, the question, which must be looked into is whether or not these banks will be able to help the government during its 5-year term and help the economy in achieving growth by helping the business and industrial sectors in particular. For high rates of growth to be achieved in …

  Need for increased investment in social sectors like health, education and nutrition stressed The World Bank report on ‘Pakistan Development Update – Making growth matter’ was launched in Karachi, recently. It stated that Pakistan is rated among top emerging economies and its economy grew by 4.7 percent in this fiscal year. This was the highest rate in eight years and a significant increase from the previous year’s 4 percent. …

  Growing inequalities necessitate departure of economic activities from concept of fast growth of GDP to creating happiness for all. Renowned economists ranging from Adam Smith to J. M. Keynes of 19th and 20th centuries and those living in 21st century have no doubt emphasis on economic welfare of the masses, but theories propounded by them are based on assumption like free market economy, free trade aiming for creating trade …

Pakistan will achieve seven percent growth rate by 2017-18 with aspiration to bring the investment to GDP ratio to 22 percent in the next three years as private sector will be encouraged to play its part in the development of the country. The World Bank expects Pakistan’s fiscal deficit to decline to 3.5 percent of the Gross Domestic Products (GDP) in financial year 2017 in a latest report unveiled. It …