The present study estimates the long run private investment function for the period from 1972 to 2011 by using Johansen cointegration approach. The results suggest debt servicing, inflation and private investment to be negatively associated. The study concludes positive impact of GDP growth...

The purpose of this study is to examine the validity of the CAPM in the capital markets of the Pakistan. The study used daily stock returns of the top 20 companies listed on the KSE (the main equity market in Pakistan) from 16th December 2008 to 26th February 2010. The market 100 index is used...

The study is an attempt to explore the impact of inflation and income inequality in Pakistan. The study also analyzes the effect of foreign direct investment, workers’ remittances and manufacturing value added on growth. Annual time series data from 1972 to 2007 was used for the analysis....

This documents attempts to present, in a concise manner the historical evolution,the various functions, as well as the present organizational setup of the State Bank of Pakistan (SBP). There was a great need for such a study and I am glad that Mr. Farooq Arby, a research economist at SBP has...

Commercial banks undertake business of risk in an environment of asymmetric information. This is why, the industrial economists who are interested in theory of incomplete information and principal-agent framework have found the banking industry a promising field of research. There are number of...

The paper reviews the trend of seigniorage earnings by State Bank of Pakistan and commercial banks. It is found that seigniorage revenue of the SBP has declined overtime which indicates autonomy of the central bank as well as less reliance of the government on SBP’s resources for budget...

This study undertakes an examination of asymmetric adjustment effects between electricity consumption and economic growth in South Africa using quarterly data collected from 1983Q1 to 2013:Q4. In our study, we employ a momentum-threshold co-integration method to examine the long-run equilibrium...

Trafficking of the humans is a growing concern at international level. Among all the trafficked ones, children who are misused and continuously mistreated claim the special attention. It is, further, a known fact that these poverty stricken children are trafficked from Pakistan to wealthy Gulf...

This paper has estimated multidimensional poverty for four provinces of Pakistan using PSLM dataset for years 2005-06 by applying Alkire and Foster (2007) methodology. Nine dimensions were selected for this study: Housing, Electricity, Water, Asset, Sanitation, Education, Expenditure,...

The role of human capital (education and health) is recognized both in theoretical and empirical economic literature. Better education and health services enhance productivity and earnings of the workers. So the present study is an attempt to assess the impact of human capital in poverty...