Pakistani Defense Expenditures and the Macroeconomy: Alternative Strategies to the Year 2000

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Authors
Looney, R.E.
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1995
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1995
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Abstract
Toward the end of 1988, Pakistan's deteriorating resource situation caused a financial crisis, many remnants of which still exist today. In 1988, the Government's budget deficit reached 8.5% of Gross Domestic Product (GDP), inflation accelerated, the cmTent account deficit doubled to 4.3% of Gross National Product (GNP), the external debt service ratio reached 28% of export earnings, and foreign exchange reserves fell by half to $438 million, equal to less than three weeks of imports.
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Article
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Contemporary South Asia, vol. 4, no. 3, 1995.
Refereed Journal Article
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https://hdl.handle.net/10945/40517
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Looney, R.E., "Pakistani Defense Expenditures and the Macroeconomy: Alternative Strategies to the Year 2000," Contemporary South Asia, vol. 4, no. 3, 1995.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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