An evaluation of Pakistan's third five year plan |
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Authors: | Keith B Griffin Bruce Glassburner |
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Institution: | 1. Fellow of Magdalen College , Oxford;2. Associate Professor of Economics , University of California , Davis |
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Abstract: | The decline in the share of agriculture and increase in secondary production's share have generally been found to accompany changes in per capita income. Cross‐section data have long exhibited such a ‘pattern of development’. Recent panel information combining cross‐section and time‐series data seemed to extend the behaviour to time series. Using analysis of co‐variance tests for such patterns over time, the paper rejects the assumption of homogeneous patterns over time. In addition 45 per cent of the individual countries deviate from the expected time series pattern. Thus such patterns certainly do appear in cross‐sections, but their existence across countries over time is not confirmed. |
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