This paper reviews the main features of the Stock market in Pakistan focussing on post-liberalization period. The aspects of the market investigated include liberalization of the market, integration the market with the world markets, trading and settlement mechanism, and corporate governance...

The aim of this paper is to describe an Islamic perspective of industrial relations (IR). Based on a review of literature on IR in Islam including a reading of the principal sources of Islam (the Qur'an and the Hadith), the paper identifies two divergent ethical approaches to IR: a pro-equality...

Commercial banks undertake business of risk in an environment of asymmetric information. This is why, the industrial economists who are interested in theory of incomplete information and principal-agent framework have found the banking industry a promising field of research. There are number of...

The relationship between financial development and economic growth were the subject of many recent theorical and empirical works [Shepherd, Hasan and Klapper, 2004; Gylfason, 2004; Rioja and Valev, 2003; Driffill, 2004; Haas, 2002; Carlin and Mayer, 2000]. These authors generally focused their analysis of the link...

This paper explores the impact of two shocks, trade liberalisation policies and decline in remittances, on welfare and poverty in Pakistan. It begins by reviewing the economy, which reveals that during the Nineties although import tariffs were reduced by 55 percent, poverty however remained...

This report compiles a latest social accounting matrix (SAM) of Pakistan for the year 1989-90. The SAM framework provides useful information about the structure of Pakistan’s economy. Within this framework, the preferred classifications of various accounts are undertaken according to the...

This paper investigates whether the ‘Kuznets hypothesis’, that economic growth from low levels of GDP per capita is initially associated with an increase in income inequality and later followed by a decline in inequality, is supported by evidence for a less-developed country, Indonesia. The...

Backed by peaceful but undemocratic presidential (2010) and legislative (July 2013) elections the Gnassingbé regime consolidated its power. In view of the absolute majority of the ruling party, its inclination for meaningful constitutional and electoral reforms, as demanded by the opposition...

This paper makes a brief analysis of education in general and of agricultural profile in particular, and highlights existing problems, and the ways to improve them, in order to increase performances in agriculture. The economic development of a country requires transformations qualitative,...

By its geographical location, the rural area from Dobrudgea has a diversified tourism potential, provided by the contrasting natural environmental factors, ranging from the oldest to the youngest relief units, natural protected areas, balneary resources and cultural, historical, religious sites,...