Using panel co-integration approach over the period 1980-2009 for South Asian economies, this study investigates the dynamic linkages between energy consumption, trade and GDP. The results show that, in the short run, feedback relationship holds between energy consumption and GDP and between...

The paper aims to find the long run and the short run relationships between trade balance, income, money supply, and real effective exchange rate for the period 1980 to 2011 in the case of Pakistan. The analysis is based on bounds testing approach to co-integration and error correction models,...

This study examines household characteristics and personal characteristics of the household head as the determinants of poverty in Pakistan. The study decomposes education of the household into different levels: primary, middle, matriculation, intermediate, bachelors and higher studies and finds...

This paper analyzes the behavior of FDI in South Asian countries using panel data for the period 1970-2004. We applied fixed effects model to identify the factors that determine FDI inflows. The analysis shows that GDP, trade openness, real exchange rate, labor force and health expenditures...

This paper evaluates the proposition that development of human capital can be instrumental in attracting FDI in developing countries by using fixed effects models on the panel data of 23 selected developing countries and 35 years (1970-2004). For the purpose, we employ two indicators of human...

This paper analyzes the factors that play an important role in determining private investment in Pakistan using annual data for the period 1970-2006. The econometric tests undertaken support the view that private sector output, net capital inflows to the private sector, total sources of funds...

This paper analyzes the importance of government policies in determining private investment in Pakistan. The empirical results show that public sector investment, changes in bank credit to the private sector and degree of capacity in the economy are playing an important role in the determination...

Using a panel data set for 18 Asian countries over the period 1970-2008, this study explores the relationship between economic growth and income inequality with special focus on the role of credit market imperfections in shaping the linkage. The study identifies credit market imperfections in...

Using two measures of private information and high-frequency transaction data from the leading interdealer electronic broking system Reuters D2000-2, we examine the association between exchange rate return and contemporaneous order flow and the predictability power of lagged order flow on the...

This is the first study that employs option pricing model to measure the position-unwinding risk of currency carry trade portfolios, which covers moment information as the proxy for crash risk. We show that high interest-rate currencies are exposed to higher position-unwinding risk than low...