T he main objective of this paper was the investigation of the impact of the trade openness on economic growth in Pakistan. We have been employed both the Johensen and Autoregressive Distributed Lag (ARDL) Co-integration together with ECM Techniques for the period 1975-2016. The empirical estimated results are the sound evidence that there exists a short...

ABSTRACT We propose and find that aggregate special items conveys more information about future real GDP growth than earnings before because the former contains advance news economic outcomes. A two-stage rational expectations test reveals professional forecasters fully understand content of items, but underestimate when revising their forecasts. Using vector autoregressions, we show has predic...

The main goal of the present paper is to analyze the effects of currency collapses (a large devaluation of country’s nominal exchange rate) on real gross domestic products of six Asian countries (Iran, Indonesia, Malaysia, Pakistan, South Korea, and Turkey). A yearly data is collected from the WDI of the World Bank over the period 1980-2011. The econometric model includes the real GDP growt...

JEL Classification Code(s): J 31, J 71) "Perceptions of Discrimination, Effort to Obtain Psychological Balance, and Relative Wages: Can We Infer a Happiness Gradient?" There is a substantial literature that finds a linkage between happiness and relative economic well being as measured by earnings or wages. There is also a well documented racial gap in wages. One explanation for this is disparat...

Risks continue near the coasts such as flooding, oil spills, deaths and unemployment despite numerous policies to prevent and mitigate their effects. Such policies are typically analyzed in their natural units, such as jobs, and so comparisons are difficult across risk categories. An approach similar to supplemental national income and product accounting allows direct comparison of the relative...

The purpose of this study was to estimate the effect of gender inequality in education on females’ labor force participation in 14 major cities (rapidly urbanizing areas) of Pakistan after taking into account the socio-economic indicators like the marital status of female, the gender of the head of household, physical facilities, the median income of the household, etc. Data were gathered from ...

This paper explores the demand for child schooling in Pakistan, using the Pakistan Integrated Household Survey (1991). There have been few such studies for Pakistan, a country with relatively low enrollment rates and education levels, high illiteracy, and large disparity between male and female education. Additionally, this study focuses on two potential sources of bias in the estimation of the...

Brassica species commonly known as rapeseed are the second largest oil yielding crop of Pakistan and belongs to family Brassicaceae. This scientific investigation was carried out explore genetic diversity rapa from Azad Jammu Kashmir (AJK) Pakistan. Seeds L. genotypes were collected Plant Genetic Research Institute (PGRI), National Agricultural Centre (NARC), Islamabad CTAB method used for extr...

This paper conducts a theoretical and quantitative analysis of how entrepreneurs choose firm size, capital structure, default, and owner consumption to manage firm risk, including how these choices change with risk aversion. We decompose an entrepreneur’s default decision into three elements: the fraction of firm debt; the potential reduction in personal consumption from losing the firm; and th...