With rising growth rates and per capita income levels on the Indian subcontinent, foreign direct investment in the region, especially through mergers and acquisitions, has increased over the past decade. Using transaction ...

This study examines the costs and household-level benefits of overseas migration in Toba Tek Singh, Pakistan. A household survey was conducted to assess the transaction costs associated with the transfer of remittances ...

Recently, education in colonial India has generated considerable and varied academic interest. Bayly’s seminal work on knowledge and information gathering extended the discussion on knowledge systems in India beyond the ...

Almost half the world’s adult population lacks access to a formal bank account and other financial services. Pakistan is no exception and it is also among those countries at the lower end of the spectrum of financial ...

Given that autocorrelation tests do not perform well in the presence of heteroskedasticity and in variance-break cases, we present three modified weighted variance ratio tests of autocorrelation. The numerical results show ...

The paper examines the major components of the development strategy pursued by the Musharraf regime since it took over in 1999 (called “ The Musharraf Development Strategy”). It examines the extent to which it departs ...

This paper focuses on a group of Asian countries that have successfully increased exports and found a common industrial strategy. Several key factors emerge from this study. First, countries that have managed to increase ...

A rich area of economic research focuses on the role of controlled experiments to understand interactions between agents and agents’ own deepseeded preferences as they pertain to pro-social behavior. Four of the most common ...

This study explores the obstacles facing Saudi exporters of non-oil products. The sampling frame comprised 411 firms, which have been involved in exporting for at least two years as identified by the Saudi Export Development ...

This study attempts to identify a stable money demand function for Pakistan’s economy, where the monetary aggregate is considered the nominal anchor. With evolving financial innovations and regulations, the stability of ...