Background: In underdeveloped economies, the role of public debt is very vital with the intention of achieving a desirable level of output, employment and sustainability in long run economic growth. Fiscal deficit in developing economies is a common phenomenon because of low tax base and high...

Key indicators of development and governance i.e., quality education, better health and good governance must coincide with the growth of nations. The benefits of growth should be shared with citizens in term of better health facility and improved quality of education, strong institutions,...

This paper seeks to find the causal relationship between government size and economic growth and attempts to find out whether there is evidence in support of Wagner's Law or not in Pakistan. For this purpose, the annual time series data are used to study the relationship between the economic...