Title: DEMOCRACY OR MILITARY DICTATORSHIP: A CHOICE OF GOVERNANCE FOR THE ECONOMIC GROWTH OF PAKISTAN
Abstract: Purpose:-This study is conducted to find out whether democratic or nondemocratic governments bring greater economic growth to Pakistan. Methodology:-The data of economic growth from the bureau of statistics is taken for the period 1947(Pakistan’s independence) to 2009 which includes four major democratic and four major autocratic era’s. Findings:-With the help of independent sample t-test it is concluded that growth has been better in the periods of autocratic rule with significant difference in areas such as GDP growth rate, CPI inflation, floating debt and insignificant difference in areas such as exports, Health Expenditure, FDI, and Electricity generation Practical Implications:-The study will help the related departments in forming the effective policies viable for economic growth and development of the country. This study sheds light on the performance of the major types of government systems in terms of economic and social growth.