The study finds the impact of foreign direct investment on human capital in Pakistan. It uses foreign direct investment, economic growth rate and government expenditure on education as independent variables and human capital index as dependent variable. ADF, PP, Ng-Perron and Zivot-Andrews unit...

During last two decades, broadband gained an integral stature in digital infrastructure of countries around the globe. The investigation of broadband and economic growth nexus has been scarce for Asian countries, Mehmood and Mustafa (2014). This paper re-examines the broadband-growth nexus for...

Non-performing loans has been a limiting factor in smooth growth of commercial banking. To augment the literature in this dimension, this paper subjects the findings of Mehmood et al. (2013) to rigorous statistical treatment and reexamines the relationship found therein. It empirically tests the...

This study is an attempt to revisit the causal relationship between coal consumption and economic growth in case of Pakistan. The present study covers the period of 1974–2010. The direction of causality between the variables is investigated by applying the VECM Granger causality approach. Our...

The purpose of this study is to investigate the impact of prior year firm’s performance on subsequent year firm’s corporate governance mechanism. We used board size, CEO–Chairman combined structure and audit expenditure as a firm level corporate governance mechanism. The panel data of...

We assess the effect of the oil price slump of 2014–2016 on the stock markets of the GCC countries and the four largest oil importers: China, Japan, India, and South Korea. We find that compared to the pre-slump period negative oil price changes had larger effects on equity prices in oil...