This study examines the existing water quality of Lahore and measures domestic household’s willingness to pay for improvement in water quality services. To this end, a Tobit model is estimated by conducting a contingent valuation survey about household perceptions in six towns of Lahore.The...

This study empirically examines long run relationship between investment in telecommunication and economic growth in selected Asian countries. We resort to econometric tests such as panel unit root tests and panel cointegration test purposed by Pedroni (1997, 1999) for annual data from 1990-2010...

Information technology has transformed the traditional economy into digital economy during this century. Yet there has been debate of Solow’s Paradox in theoretical and empirical literature. Considering its importance, this research examines its impact on Capital Market Activity by using 47...

This paper develops an innovative model to explain the labor productivity in Asian countries, most of which are labor surplus and are endowed with substantial human capital. Such encouraging demographic traits are considered as complementary factors to use of Information and Communication...

Energy consumption is a key factor in economic activity. To ascertain its role in economic growth, this study empirically investigates its role for Asian countries. Price index is also included in analysis as factor of economic growth. We examine and quantify this long run relationship for a...

Since its inception, Wagner’s law has gained the attention of researchers and is well-documented in literature. It deals with the relationship between the increase of government expenditure and improved macroeconomic performance over time. On the contrary, Keynesian theory purports an opposite...

The main purpose of the paper is to empirically examine the aviation-led growth hypothesis for Bangladesh by testing causality between aviation and economic growth. We resort to econometric tests such as unit root tests and test of cointegration purposed by Johansen (1988). Fully Modified OLS,...

During last two decades, broadband gained an integral stature in digital infrastructure of countries around the globe. The investigation of broadband and economic growth nexus has been scarce for Asian countries, Mehmood and Mustafa (2014). This paper re-examines the broadband-growth nexus for...

Non-performing loans has been a limiting factor in smooth growth of commercial banking. To augment the literature in this dimension, this paper subjects the findings of Mehmood et al. (2013) to rigorous statistical treatment and reexamines the relationship found therein. It empirically tests the...

This paper develops an innovative model to explain the labor productivity in Asian countries, most of which are labor surplus and are endowed with substantial human capital. Such encouraging demographic traits are considered as complementary factors to use of Information and Communication...