This paper examines the empirical relationship between financial development and economic growth for high income countries. The study focuses on both indirect finance and direct finance, separately as well as jointly. Applying the methodology of Nair-Reichert and Weinhold (2001) for causality...

This paper explores the impact of two shocks, trade liberalisation policies and decline in remittances, on welfare and poverty in Pakistan. It begins by reviewing the economy, which reveals that during the Nineties although import tariffs were reduced by 55 percent, poverty however remained...

The broad objectives of the present study are to examine the impact of the global financial crisis as it folded during 2008 and 2009 on four major South Asian economies i.e., Pakistan, India, Bangladesh and Sri Lanka; identify policy actions taken to mitigate the adverse impacts of the crisis;...

This study by extending an earlier study by Haq and Baqai (1967) on growth, profitability and savings of companies quoted on the Karachi Stock Exchange analysis movements of these key variables and identifies key factors and events which explain them for the entire period of the 1960s.

This paper reviews in a historical perspective the major policies and programmes that impacted on the growth and development of rural industries in Pakistan with particular reference to the overall industrialization policy regime from the 1950s to the late 1970s as well as specific and targeted...

This note makes two poins. First, that the impact of remittances on poverty depends on who sends the remittances. If those who send it come from poorer households (semi-skilled and unskilled workers), its impact on poverty would be greater. Second, that the manner in which remittances are sent,...

The overview based on country studies included in this volume investigates the extent to which it has been possible to integrate human resource development and give priority to this important goal within the overall planning process. While it is clear that the development of human resources has...

The main focus of this study is Rural Punjab and it contributes to regional poverty research in two ways; first, using a more recent household survey data, carried out in August 2007 by the Pakistan Institute of Development Economics (PIDE), it provides fresh poverty estimates for the rural...

This paper examines the critical linkages between macro, sectoral and labour market policies and employment in the context of Pakistan's Medium-Term Development Framework (MTDF) 2005-10 and the Poverty Reduction Strategy (PRSP-1).

The major aim of this chapter is to extend the poverty studies of the sixties into the seventies, it also re-examines the evidence on rural poverty for the sixties, supplementing the results with new evidence where available, mainly to see whether the conclusions reached by earlier authors were...