India vs Pakistan An Evaluation of Long-Run Economic Growth with Respect to the Solow Growth Model

DOI

10.2991/aebmr.k.200306.014How to use a DOI?

Keywords

India, Pakistan, Solow Model, long-run economic growth

Abstract

India and Pakistan are very much in common, however, at present Indian economy seems to be in the lead. As growing focus on solving poverty in developed countries these years, we provide suggestions for policy makers of poorer countries based on our analysis. For both countries, the political and economic components affecting economic growth were examined based on Solow Model. Especially we include economics profile of both countries which include not only macro data, sector and investment performance, but also trade and resources data. We found that while the Solow Growth Model is an effective tool in determining overall economic progress of a country, it is primitive and does not consider many characteristics of modern economies. At last there is an extent to the capabilities of the Solow Growth Model; while high savings, low population growth, and high productivity do contribute towards long-run economic growth, there are numerous other factors that have a much more significant impact.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Terry Qi
PY  - 2020
DA  - 2020/03/11
TI  - India vs Pakistan An Evaluation of Long-Run Economic Growth with Respect to the Solow Growth Model
BT  - Proceedings of the 5th International Conference on Financial Innovation and Economic Development (ICFIED 2020)
PB  - Atlantis Press
SP  - 78
EP  - 90
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200306.014
DO  - 10.2991/aebmr.k.200306.014
ID  - Qi2020
ER  -