This volume, which represents the outgrowth of seven years of research, data collection, and interviews with the leaders of both the public and private sectors of Saudi Arabia, encourages instantaneou ... Read More

In recent years several books have appeared that review the overall process of soci0-political changes in Pakistan. Qadeer’s sociological exposition is more narrowly focused: It examines in considerab ... Read More

In the context of the Islamic prohibition on interest, this note examines the implications of an equity-based banking system for the stability of the economy. Several arguments are adduced which sugge ... Read More

Measures of technical efficiency were estimated using a stochastic translog production frontier for a sample of rainfed rice farmers in Bicol, Philippines. These estimates were farm specific as oppose ... Read More

Using a set of dummy and interactive variables, the paper obtains estimates of marginal propensity to consume (MPC) for Pakistan by combining two sets of aggregate time series data. While the short-ru ... Read More

This paper employs a general equilibrium econometric model to determine the extent of imported inflation in Pakistan during the 19705 and its impact on some related macroeconomic phenomenon. It was fo ... Read More

The two most common types of farms in Sindh are sharecropped and owner-operated farms. Despite similarities, there are many differences between these two tenurial arrangements. These differences are a ... Read More

This presentation is provocative in nature and enhances reader understanding of the Rational Expectations component of the macroeconomic spectrum. Furthermore, all nine chapters provide a straightforw ... Read More

By the end of this century, with increasing ‘development’ and industrialization, many of the Third World countries will become highly urbanised. Thus there seems to be a genuine concern about tackling ... Read More

Professor Galbraith has written a book on mass poverty which is assured of a wide audience; his lucid exposition, probing commonsense and wit appear to be at their best. But despite these rare merits, ... Read More

The paper analyses the behavior of Pakistan’s commodity exports over time and makes medium term projections about the quantity and value of basmati, other rice and raw cotton. Our results, based upon ... Read More

A number of multivariate statistical techniques such as Principal Component Analysis, Factor Analysis, Discriminant Analysis, Cannonical Analysis and Multidimensional Scaling have so far been applied ... Read More

Despite reports of a teacher shortage in rural areas, 56 per cent of a sample of recently trained teachers were unemployed. Nonetheless, only 31 per cent would even consider a rural job. The teacher s ... Read More

The Harrod-Domar model is taken as a starting point. Both its insights and its weaknesses open the door for an analysis of the role of human capital. Since then, there has been a ‘dethronement of GNP’ ... Read More