This paper examines the efficiency of the large scale manufacturing sector of Pakistan using the stochastic production frontier approach. A stochastic production frontier is estimated for two periods—1995-96 and 2000-01—for 101 industries at the 5-digit PSIC. The results show that there has...

Unemployment is one of the major factors in low Economic development of Pakistan and especially KPK, due to a number of factors and gaps on demand and supply side. Unemployment is on the rise, which needs to be minimised. Large part of the working community is involved in unrelated jobs meaning...

Public property common pool resources in many developing countries are often portrayed in dismal states allegedly due to governments’ inability to manage them in a sustainable manner. While this explanation may have some merit, it is certainly inadequate. Instead, we argue that public property...

This study investigates the existence of accrual anomaly by using a sample of 340 non-financial firms listed at Karachi Stock Exchange. The objective of the study is to examine the persistence of the accruals and cash flow components and their respective effect on future stock prices and a hedge...

This study evaluates the link between disaggregate energy consumption (coal, petroleum, electricity, renewable energy consumption), economic growth and environment for Asian Developing countries. Cointegration tests verify long run relationship among energy consumption and growth, energy...

In countries like Pakistan, where the macroeconomic situation remains uncertain and inflationary expectations always linger to a high level, investors stay in search of such cost-effective or profitable investment opportunities that can be able to provide their capital an effective hedge against...

The issue of imperfect competition in economic theory has been repeatedly discussed given its importance in the distribution of economic resources. In this study, market power measured by price over marginal cost markup has been assessed using the data of census of manufacturing industries (CMI)...