{"product_id":"a-dynamic-analysis-of-regional-imbalances-in-pakistan-von-sajjad-ahmad-jan-und-amatul-r-chaudhary","title":"A Dynamic Analysis of Regional Imbalances in Pakistan","description":"\u003cp\u003eThis study looks into the long debated issue of  regional imbalances in Pakistan through the  convergence framework as is implied by the Solow  (1956) growth model. The period under study is from  1973 to 2000. The equation for the unconditional  convergence is estimated through pooled least  squares (PLS) technique. The estimation result shows  that there is no unconditional convergence among the  Pakistani provinces. The development gap among the  Pakistani provinces shows no sign of decline. The  non existence of unconditional convergence implies  that the determinants of the long run level of  income are quite different in different provinces of  Pakistan. The conditional convergence is then  estimated through generalized least squares (GLS)  method, after controlling for the different  determinants of the long run income levels of the  provinces. The result shows that the provinces of  Pakistan converge to their own respective steady  states with a convergence speed of 11% per annum.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838359359\"\u003e\u003ch3\u003eTesting the Convergence Hypothesis\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838359359","offer_id":39469181206621,"sku":"9783838359359","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/7e9397c8-6f89-47e4-904e-4971664b7926.jpg?v=1757826127","url":"https:\/\/shop.autorenwelt.de\/products\/a-dynamic-analysis-of-regional-imbalances-in-pakistan-von-sajjad-ahmad-jan-und-amatul-r-chaudhary","provider":"Autorenwelt Shop","version":"1.0","type":"link"}