The main objective of this study is the review of the conceptual framework of asset pricing models and discusses their implications for security analysis. The study includes the theoretical derivation of equilibrium model, usually referred to as capital asset pricing model (CAPM). This model was...

Considering the existing system of gender inequality in Pakistan, the paper uses a SAM-based Computable General Equilibrium model to analyse gender dimensions of the impact of economic reforms on time allocation among different activities; market, household, and leisure. For this purpose, it...

This paper examines the determinants of private, domestic, and household savings in Pakistan. The analysis shows that private savings can be expected to grow gradually as a result of rising per-capita income, falling dependency burden, improved financial deepening and macro stability. Bivariate...

The urban informal sector of Pakistan is both large and growing rapidly, covering host of different activities. To understand the development-oriented and job-promoting character of the informal sector, it is useful to have knowledge about the characteristics of self-employed, who manage and...

This paper re-examines the causal relationship between money and income and between money and prices in Pakistan using a longer annual data set from 1949–50 to 1998–99 and employing Granger causality and Error Correction Models. We also investigate the causal relationships through trivariate...

This study analyses stock price co-movements in a sample of fifteen emerging markets in Asia and Latin America using monthly data over the period January 1990 to December 1996. In addition interlinkages of the emerging stock markets with the world, regional and leading country markets are also...

While substantial fertility decline has started to take place in other countries of the south Asian region Pakistan has shown only a slight decline in the prevailing high fertility rates. Several demographers, economists and sociologists have emphasised the role of demand for children as an...

Energy sector is considered an important source of revenue generation for the government. However, given the price elastic energy demand structure, the revenue generating potential of this sector may be limited. This study examines this issue by analyzing the demand for different sources of...

This study analyses the institutional set-up of forest management in Pakistan, focusing on the North West Frontier Province, which houses 40 percent of the total forestlands. These areas have faced significant deforestation in the past. It is feared that if nothing is done to check this process,...

In order to prepare concrete policy proposals for the prOlllotion of the informal sector, it is essential to have a knowledgeable account of the basic characteristics and facts about this sector. This report presents the stylized facts about the urban informal sector, such as the characteristics...