Special Edition-07.pdf - Lahore School of Economics

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150 M. Ashraf Janjua Johansen, S., 1991, “Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models”, Econometrica, Vol. 52, pp. 389-402. Kwiatkowski, D., P. Phillips, P. Schmidt, and Y. Shin, 1992, “Testing the Null Hypothesis of Stationarity Against the Alternative of a Unit Root: How Sure are We that Economic Time Series have a Unit Root?” Journal of Econometrics Vol. 44, pp. 159-178. Rogoff, K., 1996, “The Purchasing Power Parity Puzzle”, Journal of Economic Literature 34, no. 2, pp. 647-668. Saygili, M., G. Sahinbeyoglu and P. Ozbay, 1998, “Competitiveness Indicators and the Equilibrium Real Exchange Rate Dynamics in Turkey”, in Macroeconomic Analysis of Turkey: Essays on Current Issues, Research Department, The Central Bank of The Republic of Turkey. Williamson, J., 1985, “The Exchange Rate System” Policy Analyses in International Economics 5, Institute of International Economics, Washington, D.C.
Pakistan’s External Trade: Does Exchange Rate Misalignment Matter for Pakistan? 151 Appendix Bilateral Misalignment Bilateral Actual and Equilibrium RER vis a vis Pound Sterling Actual BRER EBRER 140.0 120.0 100.0 80.0 60.0 40.0 20.0 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Misalignment (in percent) 30.0 20.0 Depreciation 10.0 0.0 -10.0 Appreciation -20.0 -30.0 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
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Special Edition ISSN 1811-5438 THE
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THE LAHORE JOURNAL OF ECONOMICS Con
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Monetary, Fiscal and Financial Sect
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The Lahore Journal of Economics Spe
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Reforming the Government in Pakista
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18 A. R. Kemal export product would
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20 A. R. Kemal three indicators, Pa
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22 A. R. Kemal Rank Score Efficienc
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24 A. R. Kemal while productivity g
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26 A. R. Kemal across the globe whi
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28 A. R. Kemal V. Conclusions Pakis
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Increasing Global Competitiveness:
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Monetary and Fiscal Policies 45 sys
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Monetary and Fiscal Policies 47 200
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Monetary and Fiscal Policies 49 (es
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Monetary and Fiscal Policies 51 The
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Monetary and Fiscal Policies 53 The
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Monetary and Fiscal Policies 55 Thi
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Monetary and Fiscal Policies 57 Whi
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Monetary and Fiscal Policies 59 exc
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Monetary and Fiscal Policies 61 mat
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Monetary and Fiscal Policies 63 Tax
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Monetary and Fiscal Policies 65 Ref
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68 Shakil Faruqi Currently, the fin
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70 Shakil Faruqi crises, or both. T
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72 Shakil Faruqi system. The crowdi
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74 Shakil Faruqi The financial stre
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76 Shakil Faruqi taking activities
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78 Shakil Faruqi In spite of attent
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80 Shakil Faruqi change of this mag
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82 Shakil Faruqi position which beg
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84 Shakil Faruqi became insolvent a
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86 Shakil Faruqi 2009, the CAR for
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88 Shakil Faruqi ratio of net inter
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90 Shakil Faruqi risk has to be man
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92 Shakil Faruqi through a few roun
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94 Shakil Faruqi Crockett, Andrew:
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96 Shakil Faruqi State Bank of Paki
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98 Muhammad Arshad Khan and Sajawal
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100 Muhammad Arshad Khan and Sajawa
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Economic Effects of the Recently Si
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Determinants of Female Labor Force
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11. All references used in the text
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The Lahore School of Economics The
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