Patterns of Industrial Growth in Pakistan

In: The Pakistan development review: PDR, Band 15, Heft 1, S. 8-27

Abstract

Research on developing countries over the past two decades has
produced" an impressive body of evidence suggesting that there are
important similarities in the process of development among all
countries. Cultural, political and social factors make their imprint on
the development of individual countries, but the^ work of Kuznets,
Chenery and others shows rather convincingly that key econom¬ic
variables in the economy—the shares of industry, saving and government
revenue in national income, for example—move in fairly predictable ways^
during the process of growth. Chenery has shown through regression
analysis that just two economic variables—per capita income and foreign
capital inflow —and one demographic variable—population size—are
sufficient to explain a very high proportion of the differences in these
structural characteristics among developing countries. (See Chenery
[2]).