Developing countries inherited weak and underdeveloped economies from colonial rulers. During the three decades (1950s, 1960s, 1970s) developing countries experimented with diverse development theories. During 1980s these countries faced current account and fiscal deficits problems. World Bank...

This paper has addressed the nature of the casual relationship between national savings and foreign capital in Pakistan over the period 1960 -2010 using the Granger no-causality test based on Toda and Yamamoto (1995) procedure. The results show that no causality is found from foreign capital to...

The empirical evidence indicates that the overall macro impact of the adjustment programme was not adverse. Investment, government expenditure, absorption exports, imports, terms of trade and money supply had a significant deviation during the years 1991-2004. Exchange rate has been depreciating...