Academic Articles in Lahore School of Economics Journals: Recent submissions

  • Foreign Aid, Political Institutions and Economic Freedom: Empirical Evidence from Selected Developing Countries 
    Miraj ul Haq; Nuzhat Shamim; Muhammad Luqman (© Lahore School of Economics, Volume 25;No.1, 2020)
    This article empirically examines the effects of foreign aid on economic freedom while considering the mediating role of political institutions. We contribute to the literature in two ways. First, we provide an empirical ...
  • Estimation of Supply and Demand Elasticities for Major Crops Produced in Pakistan 
    Saima Rani; David Vanzetti; Elizabeth Petersen; Muhammad Qasim (© Lahore School of Economics, Volume 25;No.1, 2020)
    This article studies the supply and demand of major Pakistani crops. We estimate supply elasticities using a Nerlovian partial adjustment process and demand elasticities using the Deaton and Muellbauer Almost Ideal Demand ...
  • Are Agricultural Markets in the Punjab Technically Efficient? 
    Mahniya Zafar; Naved Hamid; Fatima Arshad (© Lahore School of Economics, Volume 25;No.1, 2020)
    We test the technical efficiency, measured by the degree of integration, of agriculture markets for five crops in the Punjab province of Pakistan using daily wholesale market prices from the Agriculture Management Information ...
  • Energy Consumption and Greening: Strategic Directions for Pakistan 
    Rajah Rasiah; Muhammad Shujaat Mubarik (© Lahore School of Economics, Volume 25;No.1, 2020)
    We compare Pakistan's energy consumption structures to selected East Asian economies with a view towards ensuring an adequate supply of power for economic catch-up and, at the same time, meeting the greening goals envisioned ...
  • A Policy Move towards Sustainable Urban Transport in Pakistan: Measuring the Social, Environmental and Economic Impacts of Lahore BRT System 
    Irem Batool; Muhammad Irshad; Muhammad Abid (© Lahore School of Economics, Volume 25;No.1, 2020)
    We examine the impacts of a sustainable urban transport initiative, the first Bus Rapid Transit System launched in Lahore, Pakistan in year 2013. We measure the socio-economic and environmental impacts of the BRT using a ...
  • China’s Belt and Road Initiative and the Rise of Yuan – Evidence from Pakistan 
    Jamshed Y. Uppal; Syeda Rabab Mudakkar (© Lahore School of Economics, Volume 25;No.1, 2019)
    The Chinese yuan is poised to become an international currency and play a major role in global finance which will have significant consequences for countries, like Pakistan, which have recently seen large inflows of the ...
  • Sources of Market Power among Firms in Sub-Saharan Africa: Do Institutions Matter in Competitive Policies? 
    Musa Abdu; Adamu Jibir (© Lahore School of Economics, Volume 24;No.2, 2019)
    In the context of a high prevalence of both poverty among households and business failures among firms in the majority of Sub-Saharan African (SSA) countries, competition is seen as one of the viable tools for transforming ...
  • Surplus Education and Earnings Differentials in Pakistan: A Quantile Regression Analysis 
    Maqbool H. Sial; Ghulam Sarwar; Mubashra Saeed (© Lahore School of Economics, Volume 24;No.2, 2019)
    This study empirically investigates the effect of surplus education on the earnings distribution in Pakistan using quantile regression. The method of realized matches is used to measure the required level of education in ...
  • Identifying and Understanding High Growth Firms in the Pakistani Textile and Apparel Sectors 
    Waqar Wadho; Azam Chaudhry (© Lahore School of Economics, Volume 24;No.2, 2019)
    In this article, we investigate the distinguishing features of fast growing firms in the Pakistani textile and apparel sectors. We find that the distribution of firm growth- both in terms of employment and sales - is very ...
  • Does Uncovered Interest Rate Parity Hold After All? 
    Muhammad Omer; Jakob de Haan; Bert Scholtens (© Lahore School of Economics, Volume 24;No.2, 2019)
    This paper tests Uncovered Interest Rate Parity (UIP) using LIBOR rates for six major international currencies for the period January 2001 to December 2008. We find that UIP generally holds over a short-term (above 5-months) ...
  • Productivity Dispersion across Districts in Punjab 
    Maryiam Haroon (© Lahore School of Economics, Volume 24;No.2, 2019)
    Industrial clusters and special economic zones are key areas of focus for industrial policy makers who are aiming to expand the industrial base and increase competitiveness. Thus, the role of development of industrial ...
  • A Fan Chart Approach to Debt Sustainability in Pakistan 
    Mehak Ejaz; Kalim Hyder (© Lahore School of Economics, Volume 24;No.2, 2019)
    Pakistan’s economy has experienced relatively high growth of above 4.5 percent during FY2014-18. Meanwhile external liabilities and domestic debt have increased by almost 50 percent over the same period. This substantial ...
  • The Determinants of Firm Survival among Small Cluster Firms 
    Sana Ullah; Babur Wasim Arif; Muhammad Tariq Majeed (© Lahore School of Economics, Volume 24;No.1, 2019)
    This study analyzes the impact of education, experience, and social capital on firm survival using two waves of a survey conducted in 2008 and 2017 for the electrical fittings cluster based in Sargodha, Pakistan. Estimating ...
  • Cryptocurrencies, Blockchain and Regulation: A Review 
    Ayesha Afzal; Aiman Asif (© Lahore School of Economics, Volume 24;No.1, 2019)
    The evolution of money has accompanied the development of civilizations and technological innovations, leading to today’s cryptocurrencies. Cryptocurrencies have become a popular mode of payment globally because of their ...
  • The Aid, Macroeconomic Policy Environment and Growth Nexus: Evidence from Selected Asian Countries 
    Saima Liaqat; Hafiz Khalil Ahmad; Temesgen Kifle; Mohammad Alauddin (© Lahore School of Economics, Volume 24;No.1, 2019)
    This study empirically investigates the aid effectiveness debate in light of the Burnside-Dollar (2000) hypothesis that the recipient country’s policy environment is critical for aid effectiveness. Based on data from ten ...
  • What Drives Inflation-Output Tradeoff Dynamics in Pakistan? An Assessment of International Linkages and Global Trends 
    Muhammad Ayyoub; Julia Wörz (© Lahore School of Economics, Volume 24;No.1, 2019)
    This article illustrates the dynamics of and tradeoff between inflation and output in Pakistan by utilizing data on 18 major trading partners in a cointegration analysis. In doing so, we use key features of the global ...
  • Increasing Exports through Tariff Reductions on Intermediate Goods 
    Nida Jamil; Rabia Arif (© Lahore School of Economics, Volume 24;No.1, 2019)
    To counter the severe trade deficit problem that Pakistan faces, we explain how to move up the value chain of exports by reducing tariff rates on the intermediate inputs used by local manufacturers. The availability of ...
  • Energy Pricing Policies and Consumers’ Welfare: Evidence from Pakistan 
    Muhammad Atta-ul-Islam Abrar; Muhsin Ali; Uzma Bashir; Karim Khan (© Lahore School of Economics,, 2020)
    This study analyzes the impact of energy pricing policies on consumers’ welfare in rural and urban Pakistan. The study is based on pooled data from the Household Integrated Economic Survey for the period 1984/85 to 2011/12. ...
  • Is Pakistan Ready to Embrace Fintech Innovation? 
    Syed Kumail Abbas Rizvi; Bushra Naqvi; Fatima Tanveer (© Lahore School of Economics, Volume 23;No.2, 2018)
    payments, widespread internet and smartphone penetration, consumer preferences for social media and booming online commerce. Also, the State Bank of Pakistan provides sound regulations, which act as a platform for fintech ...
  • Human and Social Capital Complementarities in the Presence of Credit Market Imperfections 
    Natasha Moeen (© Lahore School of Economics, Volume 23;No.2, 2018)
    This paper models the individual-level social capital effect the credit market constraints that reduce the accumulation of costly human capital. Human capital, in turn, improves an individual’s income as well as the ...

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