Classical economics envisaged to reach the subsistence level of wages in the long term. Keynes, however, argued that it would be sticky downward wages with trade union activities. Since the 1930s, governments have begun to phase out the laws of the minimum wage to support employees' income...

In this study the relation between the economic growth and the construction industry has been tackled. While the growth the rate of the construction industry in the developing countries is more than the GDP growth rate, it is detected that the percent age it takes in the GDP of developed...

This study investigates the relationship between foreign direct investment and economic growth by using seven years average annual data of 129 countries from the period of 2003 to 2009. Results indicate the significant positive relationships between foreign direct investment and economic growth...

This study investigates the impact of foreign capital inflows and economic growth on stock market capitalization in Pakistan by using the annual time series data from the period of 1976 to 2011. The ARDL bound testing cointegration approach confirms the valid long run relationship between...

This study investigates the effect of workers’ remittances on economic growth of five South Asian countries namely Pakistan, India, Bangladesh, Sri Lanka & Nepal by employing long time series data from 1975 to 2009. Cointegration results confirm that there exist significant positive long run...

This study investigates the relationship between workers’ remittances and economic growth by using 7 years average annual data of 113 countries from the period 2003 to 2009. Results indicate the positive and significant relationship between workers’ remittances and economic growth in sample...

This study investigates the relationship between workers’ remittances and economic growth in China and Korea by employing time series data from period of 1980 to 2009. Cointegration results confirm that there exist significant positive long run relationship between remittances and economic...

This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of monetary, fiscal and trade policy respectively....

Although some discussions about the relation between population and the economic growth are made for a long time, today there is a general opinion that the population growth has positive relation with the economic growth. This opinion is also supported by the empirical studies. Despite there is...

Energy and especially electricity consumption is a variable that can be also considered as the indication of the social development as far as economic growth is concerned. Energy, as the input of the industry and other production branches, is an indication for the production increase; and also...