Information on wage levels is essential in evaluating the living standards and conditions of work and life of the workers. Since nominal wage fails to explain the purchasing power of employees, real wage is considered as a major indicator of employees purchasing power and can be used as proxy...

After 1980s, in most developing countries, the rate of debt accumulation and increase in debt servicing are highlighted as major factors affecting the growth rate of output. Most of these countries lost their competitiveness in the international market mainly as a result of insufficient exchange...

Oil price shocks have raised serious concerns among the policy makers around the world because of its adverse impacts for the net oil-importing economies. This article, based on the data from 1979–80 Q1 to 2007–08 Q2, analyzes the impact of rising oil prices along with the changing...

This paper has examined linear as well as non-linear impact of fiscal policy variables on private investment in Pakistan. The results imply that it¡¯s better to examine different aspects of fiscal policy instead of fiscal policy variables in aggregate form as the impact of fiscal policy...