1,069 research outputs found

    Determinants of Internal Migration in Pakistan: Evidence from the Labour Force Survey, 1996-97

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    The process of migration has diverse economic, social and environmental implications for the places of origin and destination. In the context of balanced regional growth and sustainable regional development it is important to study how internal migration affects the patterns of population distribution within a country. The spatial distribution of population is influenced by the characteristics of the sending and receiving areas in terms of push and pull factors resulting in rural-urban, urban-urban, rural-rural and urban-rural migration flows. As economies transform from being predominantly rural to being predominantly urban societies, the process of urbanisation assumes a rapid pace. Individuals migrate from rural to urban areas as a rational human capital investment decision to reap economic rewards in the form of better economic opportunities and benefits. The consequences of rapid urbanisation are multi faceted and require timely responses by development planners and policy-makers to deal with pressures created on the infrastructure of large urban centres by the influx of migrants. However, in some developing as well as developed countries, lately, there have been signs of a change in the trend of the population distribution away from concentration in a few large cities towards a more widespread distribution in medium-sized urban centres. The other dimension of this rural-urban migrant outflow manifests itself in the changing labour market scenario in the rural economy which loses the more productive members of its labour force to the urban economy.

    Decomposition of Changes in Poverty Measures: Sectoral and Institutional Considerations for the Poverty Reduction Strategy Paper of Pakistan

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    Two extremely significant empirical questions on the relationship between growth, distribution and poverty have remained the focus of attention for researchers and academicians. First, how does a change in aggregate poverty reflect intrasectoral gains/losses versus intersectoral shifts in population? Second, how much of an observed change in poverty can be attributed to the changes in the distribution of income, as distinct from growth in average incomes? Standard inequality measures like the Gini coefficient can be misleading in this context. At any rate, the change in an inequality measure can be a poor guide to its quantitative impact on poverty. Ravallion and Huppi (1991) proposed decomposition formulae to throw light on the contributions of sectoral gains and population shifts (on the one hand) and economic growth and changes in inequality (on the other) to aggregate changes in poverty. They found that both population shifts and gains to the urban and rural sectors alleviated aggregate poverty in Indonesia over the 1984–87 period. In addition, they obtained estimates of the relative contributions of growth and greater equity to poverty alleviation in Indonesia. Datt and Ravallion (1992) extended the analysis to study poverty in Brazil and India during the 1980s. Kakwani (1993) explored the relation between economic growth and poverty for Cote d’Ivoire from 1980–85. He developed his own methodology to measure separately the impact of changes in average income and income inequality on poverty. Kakwani (2000) applied the same methodology to analyse changes in poverty in Thailand covering the period from 1988–94. Recently, Contreas (2003) examined the evolution of poverty and inequality in Chile between 1990 and 1996. Using the “Datt-Ravallion decomposition”, he computed that economic growth accounted for over 85 percent of the poverty reduction in Chile.

    The Current Account Dynamics in Pakistan: An Intertemporal Optimisation Perspective.

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    The intertemporal approach has become a basic reference in open economy macroeconomics for the theoretical understanding of the current account. Since the early 1980s there has been substantial growth in the literature using this approach to analyse the behaviour of the current account movements for different countries and time periods. The theoretical refinements in the approach have led most of the empirical studies in the literature today to apply the basic present value model of current account (PVMCA) and its extended version to examine the fluctuations in the current account balances of both developed and developing countries. Using data on Pakistan over the period 1960 to 2009, the present study finds that the basic model fails to predict the dynamics of the actual current account. However, extending the basic model to capture variations in the world real interest rate and the real exchange rate significantly improves the fit of the intertemporal model. The extended model predictions better replicate the volatility of current account data and better explain historical episodes of current account imbalance in Pakistan. JEL classification: C32, F32, F41 Keywords: Current Account, Present Value Models, Consumption-based Interest Rate, Pakista

    Trade Liberalisation and Labour Demand Elasticities: Empirical Evidence for Pakistan

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    Trade has predominantly contributed in the development of world economies for more than mere agricultural development and industrialisation. Trade involves many regions across the globe. The more the regions involved, the more will be the benefits. Trade is an interaction between economies for the exchange of goods, services, skills, knowledge and expertise, which is required for bringing in the desired changes like increase in the availability of choices, reduction of extreme poverty, and enhancement of physical and mental capability. As the wave of market oriented moves has spread over the economic sphere, global trend has also been witnessed in the liberalisation of capital account, foreign exchange, credit, domestic consumption and trading sector of many countries. The concept, which has been predominantly emphasised by the economies, is that of “trade liberalisation”, which has become the key element of any development policy since late 1970s after the fundamental change in the economic policy at global level. The concept of trade liberalisation stems from Neo-liberalism thinking that has advocated market oriented economic reforms for social order and economic prosperity that aims to improve efficiency and stability in the economy. Trade liberalisation process can be defined in many different ways. In the words of Krueger (1978), “any policy, which reduces the anti export bias will lead towards liberalisation of trade and reduction in import license premium is the fundamental step towards liberalised trade regime”

    Determinants of Internal Migration in Pakistan: Evidence from the Labour Force Survey, 1996-97

    Get PDF
    The process of migration has diverse economic, social and environmental implications for the places of origin and destination. In the context of balanced regional growth and sustainable regional development it is important to study how internal migration affects the patterns of population distribution within a country. The spatial distribution of population is influenced by the characteristics of the sending and receiving areas in terms of push and pull factors resulting in rural-urban, urban-urban, rural-rural and urban-rural migration flows. As economies transform from being predominantly rural to being predominantly urban societies, the process of urbanisation assumes a rapid pace. Individuals migrate from rural to urban areas as a rational human capital investment decision to reap economic rewards in the form of better economic opportunities and benefits. The consequences of rapid urbanisation are multi faceted and require timely responses by development planners and policy-makers to deal with pressures created on the infrastructure of large urban centres by the influx of migrants. However, in some developing as well as developed countries, lately, there have been signs of a change in the trend of the population distribution away from concentration in a few large cities towards a more widespread distribution in medium-sized urban centres. The other dimension of this rural-urban migrant outflow manifests itself in the changing labour market scenario in the rural economy which loses the more productive members of its labour force to the urban economy

    The Current Account Deficit Sustainability: An Empirical Investigation for Pakistan

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    The existence of large and persistent current account deficit is always viewed with great concerns, as it usually leads an economy to a state of insolvency due to building up excessive net foreign debt. As the current account deficit is a persistent feature of Pakistan’s economy, therefore, it becomes essential to empirically investigate, whether this deficit is sustainable or not. To this end, the present study has applied two alternative approaches, namely, the intertemporal approach to the current account and the intertemporal solvency approach, in order to get more convincing evidence on the sustainability issue in Pakistan using the time series data over the period 1960 to 2012. From the perspective of both the approaches, Pakistan’s current account deficit is on a sustainable path and the macroeconomic policies of the country remained effective in securing it from any external sector crisis. JEL Classification: C32, F32, F41 Keywords: Current Account Deficit, Intertemporal Budget Constraint, VAR Model, Cointegratio

    Case of xanthogranulomatous oophoritis

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    Xanthogranulomatous inflammation is characterized by destruction of the tissues of the organ involved and replacement by chronic inflammatory cells such as lymphocytes, plasma cells, occasional neutrophils with or without multinucleated or Touton giant cells. Exact aetiology is not known but the theory of infection with organisms like Proteus, E coli, and Bacteroides fragilis is most popular. Xanthogranulomatous inflammation of the female genital tract is not common and usually involves the endometrium; however, xanthogranulomatous inflammation of the ovaries is a rare entity

    On an Empirical Definition of Money for Pakistan

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    In the realm of monetary economics, the question of the appropriate definition of money is both crucial and controversial. Various definitions of money offered by monetary economists differ widely. While narrowly defined money consists of currency and demand deposits only. other broader definitions of money include a host of other assets as well. The choice of the most appropriate monetary aggregate is an empirical issue and needs to be settled empirically. In the literature a number of methods are available for defining money empirically. To mention only two of them, Meltzer (1963) and Laidler (1966) consider that definition o f money the most appropriate which gives the most stable demand function for money while Chetty (1969), Moroney and Wilberatte (1976), Boughton (1981) and Husted and Rush (1984) infer their definition of money on the basis of the degree of substitutability between narrowly defined money and other financial assets. Although the two methods are closely linked, the latter has the advantage of providing a direct measure of the degree of substitutability between various financial assets and also allows for defining money as a sort of weighted average of these assets based on this substitutability rather than a simple-sum aggregation

    Decomposition of Changes in Poverty Measures: Sectoral and Institutional Considerations for the Poverty Reduction Strategy Paper of Pakistan

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    Two extremely significant empirical questions on the relationship between growth, distribution and poverty have remained the focus of attention for researchers and academicians. First, how does a change in aggregate poverty reflect intrasectoral gains/losses versus intersectoral shifts in population? Second, how much of an observed change in poverty can be attributed to the changes in the distribution of income, as distinct from growth in average incomes? Standard inequality measures like the Gini coefficient can be misleading in this context. At any rate, the change in an inequality measure can be a poor guide to its quantitative impact on poverty. Ravallion and Huppi (1991) proposed decomposition formulae to throw light on the contributions of sectoral gains and population shifts (on the one hand) and economic growth and changes in inequality (on the other) to aggregate changes in poverty. They found that both population shifts and gains to the urban and rural sectors alleviated aggregate poverty in Indonesia over the 1984-87 period. In addition, they obtained estimates of the relative contributions of growth and greater equity to poverty alleviation in Indonesia. Datt and Ravallion (1992) extended the analysis to study poverty in Brazil and India during the 1980s. Kakwani (1993) explored the relation between economic growth and poverty for Cote d’Ivoire from 1980-85. He developed his own methodology to measure separately the impact of changes in average income and income inequality on poverty. Kakwani (2000) applied the same methodology to analyse changes in poverty in Thailand covering the period from 1988-94. Recently, Contreas (2003) examined the evolution of poverty and inequality in Chile between 1990 and 1996. Using the “Datt-Ravallion decomposition”, he computed that economic growth accounted for over 85 percent of the poverty reduction in Chile
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