Recent devastating global financial crisis started from United States, spread all over the world and adversely affected real and financial sectors of developed as well as developing countries. This crisis is called the first largest crisis after the recession of 1930s. The prime aim of this...

This paper provides empirical evidence on the soundness and relevance of the Ricardian equivalence hypothesis (REH) for Pakistan over the period 1960__2009. Time series properties have been examined in order to take care of the criticism made against the previous studies on REH notably...