This paper explores the empirical association between democracy and per capita output growth in Pakistan using data for the period 1947 to 2006. The findings of the paper indicate a weak negative association between democracy and output growth. Consistent with some current empirical literature,...

This paper analyses the effects of various economic, demographic and social factors like marriage practices, education and awareness on the beliefs and attitudes regarding women’s rights to inheritance, ownership and management of property in Pakistan. Based on a random sample of 507 families...

The manufacturing sector of Pakistan has at times played the role of the leading sector of the economy. The successful experience of planned growth in the 1960s owes much to the special attention paid to the growth of manufacturing sector. Policies like the export bonus scheme, tax-holidays,...

This paper studies simultaneous determination of nominal exchange rate and domestic price level in Pakistan. The estimated model contains sufficient built-in dynamics to trace the pattern and speed of adjustment in the two variables in response to temporary or permanent shocks. The two domestic...

The current debt situation in Pakistan and the resulting financial crisis require serious attempts to find a sustainable indigenous solution. As such it is essential to search ways and means to reduce dependence on external borrowing over medium to long run.1 External debt is usually created to...

A useful contribution of wide ranging debate in the growth literature is that it has put forward a number of testable hypotheses. One of such hypotheses is known as the convergence hypothesis whereby it is postulated that in the long run developing countries would catch-up with the developed...