Abstract
Throughout Pakistan’s 58 year history two
forms of government, namely, military and democratic
rule have been imposed on the country. Although the
economic and social performance of the two types of
government has been documented extensively in terms
of qualitative research methodology, no comprehensive
quantitative model utilizing inferential statistical
techniques to assess their performance has been
published in current literature so far. This study
attempts to develop a multi-dimensional framework of
analysis to establish the statistical significance of key
economic and social indicators using sample data
between FY1989-FY2005. The major objective of the
paper is to analyze the group means of 28 economic
variables, using inferential statistical techniques,
between FY1989-FY1999 and FY2000-FY2005; each
period representing different types of governments.
The results obtained from the quantitative analysis
displays substantial statistical significance. 16 out of 28
macroeconomic variables show no significant
difference in the group means of two eras and there is
extremely strong evidence to support the null
hypotheses formulated. Some of the main variables
amongst them are: GDP growth rate, growth of
investment, growth of large and small scale
manufacturing, export performance, investment in
health and education, balance of trade, and debt
servicing.
Vishnu Parmar, S. M. Shafi Azam. (2006) A Comparative Analysis of Economic Performance in Two Eras: Democratic Era (FY 89 – FY99) & Military Rule (FY00 – FY05) , Journal of Independent Studies and Research-Management, Social Sciences and Economics, Volume-04, Issue-2.
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