The paper! examines the role of foreign capital in the context of savings and investment for Pakistan for the period of 1963-64 - 1984-85. The question of the impact of foreign capital inflows on domestic resources has assumed primary importance in view of the increasing debt burden and...

The study analyses the determination of the level of real wages and labour productivity across industries as well as over time in a simultaneous-equation framework. It has been postulated that an increase in real wages leads to a greater intensity of effort on the part of workers, resulting in...

Using the term structure of interest rates, and treating measured income as a scale variable, the paper analyses the demand for money in Pakistan. It is found that replacement of simple average interest rate by the term structure of time deposit rates improves the estimates of money demand...