Physical Infrastructure stocks in Pakistan since the last two decades have been growing at a very low pace which resulted in increasing unemployment and very low economic growth in the last four years. The paper analyses the link between infrastructure, productivity and growth in Pakistan by...

The paper analyses the impact of the 7th NFC Award on the size of the consolidated fiscal deficit of the federal and provincial Pakistan governments in 2010-11, the first year of implementation of the Award. A behavioural asymmetry is observed, whereby the federal current expenditure is...

The paper analyses the impact of the 7th NFC Award on the size of the consolidated fiscal deficit of the federal and provincial Pakistan governments in 2010-11, the first year of implementation of the Award. A behavioural asymmetry is observed, whereby the federal current expenditure is...

In this paper, we quantify welfare costs of inflation for Pakistan for the period 1960-2007 using semi-log and double-log money demand functions. We find that the welfare gain of moving from positive inflation to zero inflation is approximately the same under both money demand specifications but...

This paper empirically examines the effect of foreign capital inflows on domestic price levels, monetary expansion, and the exchange rate volatility for Pakistan using linear and nonlinear causality tests. The key message emerging from the analysis is that there is a significant inflationary...

The link between public and private investment is investigated using annual data of the period from 1964–65 to 2004-05. The estimates based on structural cointegration approach indicate that both are cointegrated and public investment crowds in private investment. The study then used the...