The objective of the present study is to examine the role of local financial markets in describing the relationship between foreign direct investment (FDI) and economic growth in Pakistan. For this purpose, the study uses annual data for the period 1973-2011. Empirical analysis is based on...

This paper explores the causal relationship between economic growth, trade openness and energy consumption using data of 15 Asian countries. The study covers the period of 1980–2011. We have applied panel cointegration and causality approaches to examine the long-run and causal relationship...

Traditional convergence empirics overlook the role of knowledge as a contributor to economic convergence. This paper incorporates knowledge as a factor contributing towards economic convergence in Asian countries. In addition to knowledge, capital formation, interaction effects of tertiary...