This study analyzes the relationship among electricity consumption, its price and real GDP at the aggregate and sectoral level in Pakistan. Using annual data for the period 1960-2008, the study finds the presence of unidirectional causality from real economic activity to electricity consumption....

This study analyzes the relationship between output growth and investment in a panel of 20 regions of Finland over the period 1975–2007. This regional study uses Granger non-causality and error-correction models. The most important finding of this study is a unidirectional causality which runs...

This paper analyses the effects of various economic, demographic and social factors like marriage practices, education and awareness on the beliefs and attitudes regarding women’s rights to inheritance, ownership and management of property in Pakistan. Based on a random sample of 507 families...

Theft and corruption are common in electricity distribution systems worldwide. Electricity theft is analysed in the framework of an individual’s choice under uncertainty and through a three-layered principal-agent-client model of corruption. [PIDE Working Papers 2013: 92]....

Each system owns different resources which need to be prioritized for bringing economic equilibrium in the society. This study identifies equilibrium in economic development and its relationship with social capital. Inter temporal accumulation of social capital of certain quantum takes place...

This paper evaluates the proposition that development of human capital can be instrumental in attracting FDI in developing countries by using fixed effects models on the panel data of 23 selected developing countries and 35 years (1970-2004). For the purpose, we employ two indicators of human...

This paper examines the short- to medium-term trends and volatility in Karachi Stock Exchange (KSE) and further explores the nature of relationship between stock market activities and a set of macroeconomic variables in the 1990s. The analysis is based on daily and monthly data on general stock...

This paper studies simultaneous determination of nominal exchange rate and domestic price level in Pakistan. The estimated model contains sufficient built-in dynamics to trace the pattern and speed of adjustment in the two variables in response to temporary or permanent shocks. The two domestic...

This is an attempt to empirically investigate the risk and return relationship of individual stocks traded at Karachi Stock Exchange (KSE), the main equity market in Pakistan. The analysis is based on daily as well as monthly data of 49 companies and KSE 100 index is used as market factor...

Using panel data from the International Country Risk Guide corruption index, institutional quality and political stability indices and several state variables for developed and developing countries, this paper explores the linear quadratic empirical relationship between corruption and economic...