The paper has twofold objectives. Firstly, the impact of the inflation rate on economic growth with the possibility of two threshold levels for Pakistan using annual data from 1961 to 2008 is examined and secondly, nonlinear relationship between inflation and investment has been investigated....

Foreign Inflow plays an important role in country ’s development. The importance of foreign inflows is not limited to developing countries; developed and emerging economies also attract foreign inflows to supplement their resources to sustain growth. The importance of foreign inflow in...

This study investigates the econometrically empirical evidence of both the short-run and long-run interrelationships among human development, exports and economic growth in an ARDL framework for Pakistan. This study also examines causal linkages among the said variables by applying the Augmented...

The main objective of the study is to empirically investigate the differential impact of services and manufacturing Foreign Direct Investment (FDI) on economic growth over the period of 1972 to 2008. The study further examines the role of FDI in presence of macroeconomic instability and...

This study investigates the effectiveness of fiscal policy and its impact on macroeconomic activities in Pakistan during the period 1972–2008. It examines the role of fiscal policy under democratic and military regimes. Recognising the shortcomings of traditional procedures, this study adopts...

Fiscal decentralisation is considered to be an important policy weapon to achieve economic efficiency and to ensure effective governance through financial autonomy of provincial governments. It helps the smaller units of federation to take part in the economic development of country and provide...

The study employs the Fixed Effect Model on a panel of four South Asian countries viz., Pakistan, India, Sri Lanka, and Nepal, for the period 1975–2008 to investigate if the source of finance matters in determining the impact of public expenditure on growth. The analysis shows that the source...

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...