Purpose – The purpose of this paper is to investigate the causal links between, foreign direct investment (FDI), openness through trade, poverty, value added of agriculture sector as share of GDP, urban population and child labor by using annual data for Pakistan over the period 1970-2003....

Purpose – Several studies have provided empirical evidence that female labor force participation rate exhibits a U-shape during the process of economic development. The purpose of this paper is to explore the existence of U-shape relationship in the case of Pakistan and if it does exist, what...

Purpose – The purpose of this paper is to investigate how many rural women have access to finance. It also explores the additional constraint faced by them in accessing the credit. Design/methodology/approach – For the estimation purpose, multivariate logit regression is used, taking...

Purpose – The purpose of this paper is to explore the extent and the effect of socio-economic and demographic factors that lead to the phenomenon of child labor in the fishing sector of Balochistan (province of Pakistan). Design/methodology/approach – In order to explore the objectives, the...

This paper provides an ordered probit approach that estimates the probability six months in the future of three distinct scenarios for prices: inflation, deflation, or price stability. The traditional way of forecasting inflation is to predict a single level and/or growth rate of the PCE...

Both the depth and length of the Great Recession create the impression that the economy proved impervious to monetary policy. Policy rates, such as the federal funds rate (fed funds rate), were set at record lows, but the recovery in housing, employment, and GDP were subpar at best. Now with a...

Some observers say the 1998–2006 housing boom led to the global financial crisis and the 2007–2009 recession. The causes of the housing boom however, are a matter of considerable debate. This study attempts to settle this debate by identifying the major contributing factors to the housing...

ABSTRACT This study re-examines the exchange rate-monetary fundamentals link with in a panel data framework. Pure time series and pooled time series-based tests fail to find empirical support for monetary exchange rate models (Sarantis (1994) and Groen (2000)). Using recently developed Panel...

The question whether real money causes real output appears to be important for many economists working in the area of macroeconomics and, has been subjected to a variety of modern econometric techniques, producing conflicting results. One often applied method to investigate the empirical...