Jabeen, Sunila; Malik, Waseem Shahid; Haider, Azad - In: The Pakistan Development Review 50 (2011) 4, pp. 379-399
For a small open economy of Pakistan, exchange rate is determined through the two alternative theories; the nominal … satisfactory results either in its form of absolute version or relative version. Because, real exchange rate in Pakistan is a non … favouring the PPP in tradable sector, the ADF and KPSS are indicating the presence of the HBS in Pakistan. On the other hand …