In the last decade, Pakistan's external debt obligations have risen to an unprecedented level. T~s is despite the fact that the country had been able to borrow on concessional terms from international organizations and foreign governments unlike many other developing countries. The situation has...

This paper analyses impacts of unilateral income and capital transfers on welfare and terms of trade of the recipient and donor countries within a two-country framework. Introduction of the external economies of scale, helps in explicitly incorporating the differences in factor endowment between...

Economic growth is one of the most important objectives of development policy in almost every country. It depends on the historical accumulation of primary factors of production, e.g. labour and capital, and on technological progress and a combination of socio-political and institutional...

This study aims to examine the pattern of households' expenditure on fuel consumption in Pakistan using the data of Household Income and Expenditure Survey (1984-85). Price and income elasticities have been estimated by applying the Extended Linear Expenditure System. It is found that the...

In recent years, due to a virtual unanimity about the critical role of human capital in economic development, increased efforts are being made in the developing countries to eradicate illiteracy. Despite a significant increase over time in the number of educational institutions and the...

This paper examines the household consumption patterns separately for the urban and the rural sectors in Pakistan by estimating the marginal expenditure shares and expenditure elasticities, for twelve broad commodity groups, using household level data for the year 1984-85. At the sectoral level,...