Romer (1993) postulates a hypothesis that inflation is lower in small and open economies. In this paper we test this hypothesis for Pakistan economy using annual time series data for the period 1973-2005. We find that besides the conventional explanatory variables like real GDP growth, monetary...

This paper is part of efforts to develop macroeconometric model for Pakistan (MMP). This paper is an initial attempt to develop a small size macroeconometric model to foresee the effects of monetary policy through forecasting and simulations. We present the basic structure of macroeconometric...

The purpose of this study is to investigate various factors (uncertainty, corporate social disclosure and stakeholder) those impact the selection of financial management practices. Further, this study attempts to investigate the impact of financial management practices and earnings management on...

The purpose of this study determines the cause related marketing practices in Fast Moving Consumer Goods industry. Further this study investigates the relationship among the determinants of CRM and demographic variables. The sample size of this study was 629. The concern respondents were the...

In Pakistan, only annual estimates of national accounts are available officially. Although quarterly real gross domestic product has been estimated by some studies like Kemal & Arby (2004) and Bengaliwala (1995), no attempt has been made so far to estimate quarterly gross fixed capital formation...

This article shows that in the presence of environmental externalities, it may be welfare enhancing to overcome a technological lock-in by a dead- end technology through governmental intervention. It is socially desirable to subsidize a dead-end technology if its environmental externality is...

Viewer's private information consumption generates external benefits for society, because information improves the ability of voters to control politicians. Our study compares two settings in a free-to-air TV market: a differentiated duopoly of private channels and an oligopoly with both private...

This paper analyzes greenhouse gas emissions that build up an atmospheric stock which depreciates over time. Weakly renegotiation-proof and subgame perfect equilibria in a game of international emission reduction exist if countries put a sufficiently high weight on future payoffs, even though...

If an emission reduction agreement with participation of all players is not enforceable because politicians are too myopic or not able to commit themselves to sustainable policies or costs of reducing emis- sions are too high, strategic investments in research and development (R&D) of green...

Rational individuals may use a Public Service TV channel as welfare improving institution to solve the paradox of rationally being uninformed. To induce voters to watch unbiased serious informational contend the Public Service TV channel is not only broadcasting (unbiased serious) news but also...