This paper is an attempt to test the Permanent Income Hypothesis (PIH), Myopia and Liquidity Constraints as a case study for Pakistan. The paper also attempts to find out valid reasoning incase the PIH is rejected.  Hall’s random walk model (1978) and Campbell and Mankiw model (1990) are used...

This paper examines the industrial innovation landscape of Pakistan's North West Frontier Province (NWFP) presenting results from its first innovation survey (2008). Analysing data collected from 304 industrial firms, this paper confirms that only 14% of the surveyed firms possessed an in-house...

The objective of this study is to test the Hall’s permanent income hypothesis for Pakistan using annual data from 1992 to 2010. The basic model of permanent income hypothesis (PIH) showed the validity of absolute income hypothesis (AIH) while the Campbell and Mankiw (1990) consumption model...

The objective of this study is to test the Hall’s permanent income hypothesis for Pakistan using annual data from 1992 to 2010. The basic model of permanent income hypothesis (PIH) showed the validity of absolute income hypothesis (AIH) while the Campbell and Mankiw (1990) consumption model...

This paper investigates the political economy of fiscal policy making in Pakistan, and analyses the key political and economic factors that potentially affect the fiscal policy making and its implementation. The paper argues that the role of the state institutions is paramount for economic...