This study attempts to examine the causal relationship between money supply and stock prices in Pakistan economy using monthly data from June 1991 to June 1999 and applying Co-integration and Error Correction Models. The Co-integration analysis suggests that, in general, there exist a long run...

This paper presents the behaviour of firms running losses. The empirical analysis is based on primary data of manufacturers of agricultural machinery of Multan Division. Two approaches, Hysteresis and Layers of Techniques, are examined simultaneously. It is observed that manufacturers' decision...