abstract the purpose of this paper is to test the hypothesis first proposed by romer (1993); suggesting that inflation is lower in more open economies. according to this hypothesis, central banks have a lower incentive to engineer surprise inflations in more-open economies because the phillips curve is steeper. furthermore, comparing with other empirical studies, this paper has used the new kof...

This study is conducted to investigate the relationship among international trade, financial development and economic growth in Pakistan. The ADF and PP tests are used to check the order of integration of the variables and Johansen co-integration methodology is employed to investigate the long run relationship among these variables. The direction of causality between variable is tested by Grang...

T he main objective of this paper was the investigation of the impact of the trade openness on economic growth in Pakistan. We have been employed both the Johensen and Autoregressive Distributed Lag (ARDL) Co-integration together with ECM Techniques for the period 1975-2016. The empirical estimated results are the sound evidence that there exists a short...

Data on carbon emissions, industrial output growth, population growth and FDI inflows are used for Bangladesh, Nepal and Maldives over 1972 – 2008. Time series data on all variables are nonstationary in terms of both ADF and KPSS tests with different orders of integration. As a result, ARDL model and VECM are estimated. There are evidences of cointegrating relationship among the variables, long...

unemployment-inflation trade-off is known as philips curve. this relationship was first defined for england economy by professor philips since 1958. much development has been submitted by different economic schools about this innovation. in this paper, apart from dealing with the new-keynesians philips curve, the curve mentioned is estimated for iranian economy. in addition, we are going to com...

this paper surveys economic growth and energy consumption relationship by new econometric methods in different sectors of iran. this study uses panel error correction model and panel co integration and causality tests to investigate short run and long run relationship between energy and value added growth in different sectors of iran’s economy with regards to energy price in the time period of ...