Objective : This paper examines inflation and growth: revisiting the estimation of threshold level for Pakistan. Research Design & Methods The study uses time series data from 1985 to 2015. It employs Generalized Least Square (GLS) Conditional (CLS) methods with aim determining impact trade openness on economic growth estimating economy Findings findings revealed that there is a significant...

Has the macroeconomic policy "regime" changed in the United States in the last few years? If so, has t h s change had an effect on macroeconomic relationships, and, in particular, on the relationshp between inflation and unemployment? These two questions have been on the minds of most macroeconomists since the October 1979 switch from interest rates to reserves as an intermediate target for the...

Inflationary cosmologies, regarded as dynamical systems, have rather simple asymptotic behavior, insofar as the cosmic baldness principle holds. Nevertheless, in the early stages of an inflationary process, the dynamical behavior may be very complex. In this paper, we show how even a simple inflationary scenario, based on Linde’s “chaotic inflation” proposal, manifests nontrivial dynamical effe...

the main object of this paper is to find out the impact of economic and institutional factors on export of services in considering the example of oic countries. panel data method as an econometrics approach is used for estimating models. results show that variables such as gdp per capita, the real exchange rate, foreign direct investment, and information infrastructures have positive and signif...

The national economy of most countries is made up of various regions (provinces) with different industrial composition, financial structure, trade relations, and institutional environment. Depending on these characteristics, regions may respond differently to a uniform national macroeconomic policy. Policymakers should consider these heterogeneities to achieve the national development objective...