The Need for an Industrial Policy to Boost Pakistani Exports: Lessons from Asia
March 27, 2014
Dr. Azam Chaudhry, Lahore School of Economics
(Paper co-authored with Gul Andaman)
In this paper we focus on a set of Asian countries that have been successful in increasing exports and find a common industrial strategy: First countries that have increased their exports have focused on increasing exports in those sectors where they already have expertise and at the same time slowly developing new export sectors. Second high growth Asian economies have developed their export sectors by making significant moves up the quality ladder and in particular moving away from low value added to higher value added exports. Third, there is no single economic policy that has worked across Asia but rather successful exporters have used two or three policies in tandem to boost exports. Finally the only consistent factor that has an impact on high value added export growth is domestic credit to the private sector. These results point to the urgent need for a coherent industrial strategy to boost Pakistani exports.
About the presenter:
Dr. Azam Chaudhry is Professor of Economics at the Lahore School and the Dean of the Economics Faculty. He has a B.Sc. (Hons.) in Economics from London School of Economics where he specialized in Monetary Economics, Econometrics and Corporate Finance and a M.A. and Ph.D in Economics from Brown University, USA. He joined the Lahore School of Economics in 2005 and before that he worked for the World Bank. His areas of interests are International Trade, Macro Economics and Economic Growth. His current research projects are: Spillovers in technology adoption: evidence from a randomized experiment in Pakistan and Effects of external migration on school enrollments, accumulated schooling and dropouts in Punjab.
He teaches Econometrics and Macroeconomics at the Lahore School and his research interests include Innovation and Technological Change, Institutional Economics, Economic Growth and Development, Political Economy and Empirical Macroeconomics and Microeconomics.
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Labels: CREB, Dr. Azam Chaudhry, Pakistan, Pakistan Economy
posted by S A J Shirazi @ 3/27/2014 11:40:00 AM,
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