The paper argues that the finance diménsion of economic development has often been treated as an afterthought by researchers and politicians alike, because it is considered to be too "sophisticated" to matter for "simple" economies. The role of the financial sector was considered to be...

We, in Pakistan, should be very happy that the global development community has finally accepted the centrality of public sector reform (also known as improved governance) in the quest for improved living standards in poor countries. Development economics is a subject that is based on the...

“Civil service reform,” which has become the nickname for public sector management reform in the parlance of development economics, has only recently and grudgingly been accepted by those who advise on policy in the poor countries. Even then, the approach is somewhat paternalistic in that it...

Through the nineties Pakistan remained preoccupied with crisis management. All debate and policy was, as a result, involved with current policy and our coping with the IMF programmes. Adjustment was the main theme leaving little room for growth initiatives.1 A lively debate has raged on the...

Economics is a policy science: its claim is to describe policies that can improve peoples' lives. Its usefulness for policymaking, therefore, depends on how well economists understand and interpret economic behaviour. In other words, successful economic policy entails a good understanding of the...

Four studies [2, 3, 7, and 11] and a comment [1] on the demand for fertilizer have appeared in this Revie-v.. All fit similar demand specifications to aggregate data for roughly the same time period. Surprisingly, each presents distinctly different results. Together, the studies provide 28...

The intent of this paper is to delineate the determinants of the distribution of income in Rawalpindi city. The basic hypothesis to be tested is that fot each individual, personal earnings are a function of his socio-economio char. acteristics sud. as age, sex, education, and the like. If the...

My fellow social scientists, economists, scholars, thinkers, observers. Welcome to the 26th Annual General Meeting and Conference of the Pakistan Society of Development Economists—a society that prides itself on being the only “professional association of economists and other social...