In support of the financial-accelerator theory, evidence is found on countercyclical price-cost banking margins possibly explaining the amplifications of business cycles in Pakistan. [WP 41]. URL:[http://www.sbp.org.pk/publications/wpapers/2011/wp41.pdf].

The Minister of Finance, Mr. Arun Jaitley, presented the Union Budget 2014-15 to Parliament on July 10, 2014. In this context, some statistics related to budget expenditures, receipts and deficits.

Economic Survey-Chapter1. [Economic Survey]. URL:[http://indiabudget.nic.in/survey.asp]

The Philippine domestic economy shrunk to 3.7 percent in 2011, after a growth of 7.6 per cent in 2010. Outlook for 2012 is relatively sanguine with the government hinging its optimism on robust consumer demand and a more vigorous public spending. However, downside risks to growth persist with...

China’s economy is booming at the expense of its environment. The country’s resource efficiency is nowhere near the level of western nations. Per unit of gross domestic product China consumes more than four times as much energy. The most serious environmental problems facing the...

Capitalizing on recent estimates of infrastructure financing requirements in Asia, this paper frames a scenario for infrastructure development in the region and estimates the external effects of infrastructure investment. It also assesses quantitatively the economy-wide welfare effects of...

The paper attempts to analyse the impact of devolution of taxes and distribution grants by the Centre to the States in India by taking fourteen major States for the time period 1980-81 to 2006-07. The study focuses on the impact of inter- State distribution of Central grants and taxes. Analysis...

Malaria is frequently referred to as a disease of the poor or a disease of poverty. A better understanding of the linkages between malaria and poverty is needed to guide the design of coherent and effective policies and tools to tackle malaria and poverty together. While recognising that there...

This paper analyses interrelationships between ‘economic development’, ‘health’, and ‘environment’ in a simultaneous equations framework. The endogenous variables chosen for the model are GDPPC (per capita gross domestic product), LE (life expectancy),...

Budget presented by Finance Minister