The purpose of this study is to investigate the major macroeconomic factors that enhance revenue gap for Pakistan through the co-integration and error correction model over a 36-year time period, i.e. between 1975 and 2010. The study employed the bounds testing approach of cointegration to...

Every economy requires a sophisticated and efficient financial system to prosper its development. A healthy financial system may be integral to the sound fundamentals of an economy. The objective of the study is to investigate the impact of financial indicators on human development in Pakistan...

The objective of this paper is to empirically investigate a two-way statistical relationship between the real external debt and real military expenditure in the context of Bangladesh. A time series co-integration and Granger causality tests have been employed from 1980 - 2009 for analysis. The...

Understanding the impact of exchange rate movements on prices is critical from a policy perspective in order to gauge the appropriate monetary policy response to currency movements. This study assesses the extent to which the movements in exchange rate affect domestic consumer prices in Pakistan...

The objective of this study is to empirically investigate a two-way statistical relationship between the social health indicators and economic growth in the context of four major regions of the world i.e., East Asia and Pacific, Middle East and North Africa (MENA), South Asia and Sub-Saharan...

The concern for underground, unofficial or shadow economy by researchers and practitioners has been enlarged in the past few decades. The existence and widespread findings of shadow economies is a growing problem around the world. In this study, we draw on insights from an active and growing...