Democracy Versus Dictatorship in Pakistan: An Econometric Analysis

The objective of this study is to measure the performance of Pakistan economy during the period of democracy and dictatorship by using time series data for the sampling period from 1999 – 2016. The dictatorship period is from 1999 to 2007 and democratic period is from 2008 to 2016. Ordinary least square method (OLS) is applied to find out the result. Gross domestic product (GDP) is dependent variable and inflation, investment, population and trade are independent variables. Our result shows that dictatorship period was better than democratic period because the result of dictatorship is more reliable and significant.