This study focuses on the measurement of the underground economy (UGE) through tax evasion in Pakistan over the time period 1974-2002. The monetary approach is applied in order to estimate the underground economy. First, the currency demand equation is estimated and then an attempt is made to...

Developing countries have low levels of savings and investment. As a result most developing countries have to rely on Foreign Capital Inflows (FCI) to generate sufficient saving in order to achieve high levels of growth. Pakistan is one of those countries that rely heavily on external flows to...

This study is an attempt to investigate trade–labor market linkages in Pakistan. Our main hypothesis that trade liberalization leads to an increase in labor-demand elasticity is empirically verified using a panel data approach for the period 1970/71–2000/01 for 22 selected manufacturing...

Unrestricted trade stimulates economic growth and bridges socio-economic gaps existing in differentcountries of the world. Pakistan has adopted trade liberalization policies since the late 1980s with the same expectations. This study has empiricallyanalyzed how trade liberalization has affected...

This study analyzes the role of human capital and job attributes, i.e., supply-side determinants, in determining wages in a period of trade liberalization. Using the Mincerian earning function and based on data from the Labor Force Surveys, we construct a model to estimate various wage...

This study traces out the way trade liberalization process affects the trade balance keeping into view the stationary nature of data used. The cointegration techniques and the error correction mechanism allow us to establish both, the short-run and the long-run relationship among different...