Relative Commodity Price Convergence in Pakistan

Alam, Azra; Bhatti, Arshad Ali

doi:10.2139/ssrn.2498996

Cited by 3 publications

(2 citation statements)

References 75 publications

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“…Even before CPEC was launched, there is evidence that markets were already efficient in Pakistan. Price data show that there was rapid convergence of prices across ten major cities of Pakistan between 2000 and 2011 (Alam & Bhatti, 2014), 35 Pakistani cities between 2001 and 2008 (Mohsin & Gilbert, 2010), and of food commodities (but less so other commodities) between 35 Pakistani cities between 2001 and 2011 (Ghauri et al, 2013). Therefore, the benefits of CPEC infrastructure are not likely to emerge from more efficient price convergence and the creation of national markets.…”

Section: Markets More Efficientmentioning

confidence: 99%

The China-Pakistan Economic Corridor (CPEC): Considering Contemporary Pakistan through Old-Fashioned Economics and Historical Case Studies

McCartney

2018

LJE

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As part of the massive One Belt One Road (OBOR) project or ‘New Silk Road’ the governments of China and Pakistan have announced that a significant ‘corridor’ will be constructed in Pakistan. This paper looks in detail at the $46 billion China-Pakistan Economic Corridor (CPEC) package of transport, energy and manufacturing projects and asks how we can analyse the impact of a transformative expansion of infrastructure. This paper draws lessons from various old-fashioned economics including Rostow, Hirschman and others and the historical case studies of transformative infrastructure expansion in the nineteenth century United States, Mexico, Germany and India to explore the conditions under which CPEC could promote sustainable long-run economic growth in Pakistan.

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Section: Markets More Efficientmentioning

confidence: 99%

The China-Pakistan Economic Corridor (CPEC): Considering Contemporary Pakistan through Old-Fashioned Economics and Historical Case Studies

McCartney

2018

LJE

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“…The establishment of the Gwadar port is a significant step in the region's overall goal of integrating its infrastructure. The greatest promise of the port is as a center for transshipment and a facilitator of international trade for Central Asia (Alam & Bhatti, 2014;Anwar, 2010). Because of its close proximity to Central Asia, the world community views it as the most promising commercial outlet.…”

Section: Role Of Gwadar Port Infrastructure Economic Growthmentioning

confidence: 99%

CPEC: An Outline for the Future Development of the Region

Mughal,

Liaquat,

Afzal

et al. 2023

Pak. J. Humanit. Soc. Sci

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Over the course of time, the bilateral ties between Pakistan and China, characterized by their enduring friendship, have seen significant advancements in the realms of economics, politics, and strategic cooperation. Both parties place significant emphasis on their economic relationship, which has been consistently overlooked throughout the course of history. In 2013, a significant achievement was reached with the conclusion of the CPEC deal, which served as a catalyst for enhancing economic ties. The proposed project has the ability to not only establish a connection between Pakistan and China but also to foster integration among other Asian nations. It will make a significant contribution to the region's overall enhancement of its strategic and economic environment. Due to the fact that the project will have a variety of consequences on the political interests of many players, there may be certain difficulties. The primary aim of this research is to elucidate the economic and strategic significance of the CPEC and to ascertain its effects on the growth of Pakistan. In order to attain the aforementioned aim, a technique that incorporates empirical, analytical, and predictive approaches is used. The findings of this study suggest that the implementation of the project has the potential to significantly alter the current landscape.

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The China-Pakistan Economic Corridor (CPEC): Infrastructure, Social Savings, Spillovers, and Economic Growth in Pakistan

McCartney

2020

Eurasian Geography and Economics

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Relative Commodity Price Convergence in Pakistan

Cited by 3 publications

References 75 publications

The China-Pakistan Economic Corridor (CPEC): Considering Contemporary Pakistan through Old-Fashioned Economics and Historical Case Studies

The China-Pakistan Economic Corridor (CPEC): Considering Contemporary Pakistan through Old-Fashioned Economics and Historical Case Studies

CPEC: An Outline for the Future Development of the Region

The China-Pakistan Economic Corridor (CPEC): Infrastructure, Social Savings, Spillovers, and Economic Growth in Pakistan

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