Purpose – It is now widely recognized that human development (HD) and economic growth (EG) are intertwined in two-way feedback processes either leading to an upward spiral of development or a poverty trap. This concept is used to overcome one of the limitations of a previous study by Qureshi...

Purpose – Successive governments in Pakistan have been pursuing pro-growth trickle-down approach with the proclaimed intent that benefits of growth will ultimately reach all. The purpose of this paper is to challenge this intent with a systemic model and suggest alternative policy....

This study uses a 34 years' standardized balance sheet data of the manufacturing firms in Pakistan to know the leverage behaviour of these firms over time. The results indicate that leverage has two pervasive and significant relationships: one, negative relationship with current and past...

Purpose – In view of the paradox of soaring malnutrition prevalence in an agrarian economy like Pakistan, political and economic pundits are of the opinion that Pakistan may face acute shortage of food in future if its political managers do not take holistic approach to address the issue. The...

Developing countries are affected by evident and persistent asymmetric income distribution. The increasing relevance of this issue to development agendas sets the need for planning tools that can support the analysis of the long-term impacts of alternative policies on income distribution. For...