This study examines relationship between Inflation and Inflation uncertainty for Pakistan using monthly data over 1957:1-2007:12. ARMA-GARCH model is applied to estimate conditional volatility of inflation. Findings of the study support Friedman-Ball hypothesis for Pakistan as Granger-causality...

Using social opportunity function approach, this work assesses, firstly, the change in and access to education and employment opportunities available to the population and secondly, how equitably these opportunities are distributed. Opportunity Index (OI) and Equity Index of Opportunities (EIO)...

Foreign aid has been contributory towards fostering broad-based development and complementing national development initiatives in the recipient countries. This paper analyses the question of aid effectiveness towards the achievement of goals in the special context of a set of social outcomes in...

This paper is the extended and updated version of Shirazi (2006), which covers 38 OIC-member countries. The paper estimates the resource required and potential zakat collection for poverty elimination. The paper employed the poverty gap index based on US $ 1.25 a day and US$ 2.0 a day estimated...

Utilizing HIES (1992-93) data and Economic Survey of Pakistan (various issues), this article focuses on the effects of government expenditures on the distribution of income across various income groups in the urban-rural areas of Pakistan. Net National Product (NNP) is used as the income base....

This paper is an attempt to estimate the resource shortfall and potential zakat collection for poverty elimination in the low-income Muslim countries. The paper estimates the resource shortfall by utilizing the international poverty lines (under USD1 and 2) headcount and poverty gap index...