FDI has been one of the defining features of the world economy over the past two decades. It has grown at an unprecedented pace for more than a decade. Liberalisation of the foreign trade regime is an integral part of growth of FDI. This paper investigates the trade policy regime followed by...

Recent rise in energy prices, shrinking existing resources, and the search for alternative sources of energy and energy conservation technologies have brought into focus the issue of causality between energy use and economic growth. The results of this study show that energy expansion is...

This paper re-investigates the exports and economic growth nexus for Pakistan. The paper employs cointegration and multivariate Granger Causality Test [Toda and Yamamoto (1995)] to study the long-run and short-run dynamics among exports, imports, and real output growth over the 1960–2003...

This paper examines the empirical relationship between economic growth and income inequality both at aggregate and regional level using more comparable data set for 69 developing countries over the period 1965-2003. The study identifies credit market imperfection in low-income developing...

The paper investigates the impacts of different health indicators on economic growth in Pakistan. Cointegration and Error Correction techniques have been applied on the time series data of Pakistan for the period of 1972-2006. We find that per capita GDP is positively influenced by health...

This paper explores the role of public investment in the process of economic growth, in the context of Pakistan’s economy, using the vector autoregressive approach (VAR). Based on theoretical considerations, the model also includes private investment and public consumption besides public...

In the global trading arena, the regional integration perhaps represents the most important legacy of the 20th century. This paper focuses on the scope and promise of economic cooperation between the SAARC region countries. Descriptive statistics is used to provide the evidence for the argument...

This paper examines the export-led growth hypothesis for the five largest economies of the South Asian region using a multivariate time-series framework. The South Asian countries present an interesting case study in view of their increasing outward orientation and adoption of export promotion...

Through the nineties Pakistan remained preoccupied with crisis management. All debate and policy was, as a result, involved with current policy and our coping with the IMF programmes. Adjustment was the main theme leaving little room for growth initiatives.1 A lively debate has raged on the...