Specification of the Macroeconometric Model of Pakistan with Growth and Inequality Annexure-5: Specification of the Macroeconometric Model of Pakistan with Growth and Inequality List of Variables Policy Variables CG IG DENC DMD DIDT DW NTXR PPE PROC RO RW SUBS shb Government Consumption Expenditure Government Development Expenditure Percentage Increase in Energy Cost Impact of Non-tariff Measures on Imports Extent of Fiscal Effort for Indirect Taxes through Additional Taxation Extent of Fiscal Effort for Direct Taxes through Additional Taxation Non-Tax Revenue Pro-Poor Expenditure Wheat Support Price Extent of Roll-over of Maturity of External Debt Real Wage Rate Level of Subsidies Percentage of Budget Deficit Financed through Domestic Borrowing Exogenous Variables AG GCP GMP GXP IMF Value Added of the Agriculture Sector Growth Rate of International Prices on Imported Capital Goods Growth Rate International Prices of Imports Growth Rate International Prices of Exports Level of Borrowing from IMF 205