Academic Articles in Lahore Journals of Economics: Recent submissions

  • Fiscal Marksmanship in Pakistan 
    Muhammad Zakaria; Shujat Ali (© The Lahore School of Economics, 2010-12)
    Using Theil’s inequality coefficient based on the mean square prediction error, this paper evaluates the forecasting efficiency of the central government budget and revised budget estimates in Pakistan for the period 1987/88 ...
  • Measurement and Decomposition of Consumption Inequality in Pakistan 
    Muhammad Idrees; Eatzaz Ahmad (© The Lahore School of Economics, 2010-12)
    This paper shows that inequality in consumption expenditure in Pakistan improved slightly between 1992/93 and 2004/05, and that the extent of inequality in food consumption has remained substantially lower than in ...
  • Evaluation of Rice Markets Integration in Bangladesh 
    Mohammad Ismail Hossain; Wim Verbeke (© The Lahore School of Economics, 2010-12)
    The liberalization of the agricultural sector in general and the rice subsector in particular has been a major component of Bangladesh’s structural adjustment program initiated in 1992. However, the government has ...
  • Adopting Inflation Targeting in Pakistan 
    Nadia Saleem (© The Lahore School of Economics, 2010-12)
    The objective of this paper is to assess the conditions for inflation targeting in Pakistan. The recent inflationary surge in Pakistan calls for rethinking monetary policy afresh. This paper argues the case for ...
  • Does Trade Openness Reduce Inflation 
    Tahir Mukhtar (© The Lahore School of Economics, 2010-12)
    One of the more celebrated propositions found in international trade is the case that trade liberalization is associated with declining prices, so that protectionism is inflationary. In line with this view, Romer (1993) ...
  • Asymmetric Behavior of Inflation Uncertainty and Friedman-Ball Hypothesi 
    Syed Kumail Abbas Rizvi; Bushra Naqvi (© The Lahore School of Economics, 2010-12)
    This paper is a first attempt to measure and analyze inflation uncertainty in Pakistan. It makes several contributions to the literature. In the first stage, using quarterly data from 1976:01 to 2008:02, we model inflation ...
  • Pakistan: Indus Basin Water Strategy – Past, Present and Future 
    Shahid Amjad Chaudhry (© The Lahore School of Economics, 2010-09)
    This paper looks at the Indus Basin Water Strategy for Pakistan. It begins with a historical overview of the Indus Basin Irrigation System (IBIS), the Indus Basin Replacement Works (1960-1980) and the Indus Basin Salinity ...
  • Can Pakistan Get Out of the Low Tax-to-GDP Trap 
    Aisha Ghaus Pasha (© The Lahore School of Economics, 2010-09)
    This paper explores how Pakistan can get out of the low-tax-to-GDP trap and come close to achieving its revenue targets. Examining the trend factors influencing the trend in total and individual tax-to-GDP ratios over a ...
  • Why is it so Difficult to Implement a GST in Pakistan 
    Ehtisham Ahmad (© The Lahore School of Economics, 2010-09)
    This paper discusses the efforts by the Government of Pakistan to implement a General Sales Tax (GST). First, a history of Pakistani tax reform efforts is presented along with the reforms recommended by the National ...
  • Estimating Residential Electricity Demand Responses in Pakistan’s Punjab 
    Theresa Chaudhry (© The Lahore School of Economics, 2010-09)
    In this paper, we aim to understand residential electricity demand responses to changes in income, in order to assist policymakers in managing demand for electricity and evaluating tariff increases associated with ...
  • A Panel Data Analysis of Electricity Demand in Pakistan 
    Azam Amjad Chaudhry (© The Lahore School of Economics, 2010-09)
    This paper looks at the economy-wide demand and the firm level demand for electricity in Pakistan. The economy wide estimation of electricity demand uses panel data from 63 countries from 1998-2008, and finds that the ...
  • Dynamics of Circular Debt in Pakistan and Its Resolution 
    Syed Sajid Ali; Sadia Badar (© The Lahore School of Economics, 2010-09)
    This paper examines the circular debt problem in the Pakistani energy sector. After presenting the profile of the energy sector in Pakistan, the paper explains why circular debt has emerged in the sector. Two principal ...
  • Pakistan’s Energy Sector Issues 
    Tariq Husain (© The Lahore School of Economics, 2010-09)
    This paper analyzes Pakistan’s energy sector issues and highlights (i) the importance of the link between energy and the environment, and (ii) the central importance of energy efficiency for high return demand-side solutions ...
  • The Endemic Crisis of Federalism in Pakistan 
    Raza Ahmad (© The Lahore School of Economics, 2010-09)
    This paper looks at the issue of federalism in Pakistan. It begins with an analysis of the conceptual paradigms of federalism and goes on to examine the history of federalism in Pakistan. The paper goes on to discuss the ...
  • Provincial Rights and Responsibilities 
    Shahid Javed Burki (© The Lahore School of Economics, 2010-09)
    This article suggests that Pakistan requires a different development paradigm. The analysis begins by giving a quick overview of some of the larger economies of the region and assesses the divisions that have developed ...
  • Asset Allocation for Government Pension Funds in Pakistan 
    Fahd Rehman (© The Lahore School of Economics, 2010-06)
    Reforms have begun in Pakistan to sustain the funded pension scheme for government-operated pension schemes such as the Employees Old Age Benefit Institution (EOBI). Presently, the EOBI operates its own fund and invests ...
  • Reaction of Stock Prices to Dividend Announcements and Market Efficiency in Pakistan 
    Muhammad Akbar; Humayun Habib Baig (© The Lahore School of Economics, 2010-06)
    This study tests the semi-strong form of market efficiency by investigating the reaction of stock prices to dividend announcements. It analyzes cash, stock, and simultaneous cash and stock dividend announcements of 79 ...
  • Development of Supply and Demand Functions of Pakistan’s Wheat Crop 
    Muhammad Zulfiqar; Anwar F. Chishti (© The Lahore School of Economics, 2010-06)
    A simultaneous-equations model was used to capture the supply and demand functions for Pakistan’s wheat sector at the national level. This model reflects the fact that Pakistan’s domestic wheat supply is priceresponsive and ...
  • External Shocks in a Small Open Economy 
    Vaqar Ahmed; Cathal O’Donoghue (2010-06)
    This paper studies the impact of changes in the external balance of Pakistan. We explain why the economic growth achieved during the past decade was highly dependent on improvements in the external balance. Between 2001 ...
  • Unilateral Liberalization versus Regional Integration 
    Jahangir Khan Achakzai (© The Lahore School of Economics, 2010-06)
    Using an international dataset on bilateral trade for 137 countries in 2005, we estimate a gravity model to address the question of whether intra-Economic Cooperation Organization (ECO) trade is too low and whether the ...

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