Background: Saving and investment are two of the most important tools for economic growth. The interest rate has always been considered an important determinant of saving and investment. However, according to Islamic teachings, riba or earning interest on saving or investment is forbidden, and...

Conventional wisdom suggested that investment flows in where you have abnormal returns that resulted in a high productivity area. However, FDI behaves peculiarly, as most are targeted towards developed countries where excess competition drives down returns and ultimately productivity. On the...

In the last decade, one of the biggest global issues that have been debated upon is whether increased rates of migration, diversity, and the resulting polarization stemming from these factors have any impact on economic growth and the development of countries. Accordingly, this paper explores...

After financial crises, regulatory control makes it difficult for firms in acquiring cash flows to sustain financial safety. As a result, many listed companies in Pakistan prone to follow the “new pecking order theory” whereby they prefer equity financing rather than debt financing. Yet, the...

This paper used index of institutionalized social technologies (lIST) developed by Siddiqui and Ahmed (2018) as a proxy of institutions quality, to analyse their impact on Economic growth. This index was made up of two sub-indices namely Risk reducing technologies and Anti Rent seeking...

The theories discussed here are Classical theory of growth, Structural-change theory, Neoclassical Growth Models, Endogenous growth theory, Schumpeterian theory of innovation, as well as some Alternative theoretical contributions. The discussion of these theories from the simple accelerator to...

This study reviewed the literature on sustainable economic growth and institutions in the context of developed and less developed countries specifically Pakistan. It also surveyed the studies conducted to empirically asses the validity of neo classical convergence. This review have clearly...