The present study examines the case for the privatization of public industrial enterprises in Pakistan, where the term 'privatization' is defined as a transfer of ownership from the public to the private sector. The focus of analysis is to compare the efficiency levels in public and private...

Tag el-Din's interesting paper (Tag el-Din, (1997) aims to prove that the "conventional" positivist (secular) growth theory fails to optimize growth in the broader sense of maximizing social welfare. The reason for this failure, according to him, is its narrow positivistic motivation, which sees...

Rodney Wilson's book aims to highlight the religious-ethical basis of economic actions through the kaleidoscope of` "comparative religions perspectives on economics" (p. 21). The economic teachings of the three great religions in the Abrahamic tradition - namely, Judaism, Christianity, and Islam...

The paper answers in the affirmative the question about the need for an Islamic economic model, and then proceeds to delineate its dimensions. The distinguishing characteristic of such a model is to highlight the ethical dimension of the economic calculus - i.e., that without ethical moorings...

This paper explores the idea of Inclusive Growth as it has evolved over time since the Industrial Revolution in the West, and in the developing countries since 1950, when development economics and development policy were officially born. It is defined as a policy that deliberately seeks to...

Econometric models are generally constructed for a specific country on the assumption that national economies are independent. In reality, this is not the case. In this paper, we have constructed prototype linkage econometric models for Pakistan, India, Bangladesh and Sri Lanka. These models are...

This is the first of a series of symposiawe are organizingin the pages of the Pakistan Development Review to fix our gaze on the twilight zone lying between the theory and the practice of development economics. In the Autumn of 1979-1 must confess, not without a tinge of autumnal depression-I...