Template-Type: ReDIF-Article 1.0 Author-Name: Musleh-Ud Din Author-X-Name-First: Musleh-Ud Author-X-Name-Last: Din Author-Workplace-Name: Pakistan Institute of Development Economics, Islamabad. Title: Exports, Imports, and Economic Growth in South Asia: Evidence Using a Multivariate Time-series Framework Abstract: This paper examines the export-led growth hypothesis for the five largest economies of the South Asian region using a multivariate time-series framework. The South Asian countries present an interesting case study in view of their increasing outward orientation and adoption of export promotion policies as part of their growth strategies. A key feature of the study is the explicit incorporation of imports in the analysis to make allowance for their role in the export-economic growth relationship. While controlling for imports, the results indicate bi-directional causality between exports and output growth in Bangladesh, India, and Sri Lanka in the short-run. The study finds long-run equilibrium relationships among exports, imports, and output for Bangladesh and Pakistan. However, for India, Nepal, and Sri Lanka, no evidence of a long-run relationship among the relevant variables is found. These results are in contrast to some earlier work that found the export-led growth hypothesis to be a long-run phenomenon for all countries in the region Classification-JEL: F10, O4 Keywords: Exports, Imports, Economic Growth, South Asia Journal: The Pakistan Development Review Pages: 105-124 Volume: 43 Issue: 2 Year: 2004 File-URL: http://www.pide.org.pk/pdf/PDR/2004/Muslehuddin.pdf File-Format: Application/pdf Handle: RePEc:pid:journl:v:43:y:2004:i:2:p:105-124 Template-Type: ReDIF-Article 1.0 Author-Name: Kausik Gupta Author-X-Name-First: Kausik Author-X-Name-Last: Gupta Author-Workplace-Name: University of Burdwan, West Bengal, India. Author-Name: Tania Basu Author-X-Name-First: Tania Author-X-Name-Last: Basu Author-Workplace-Name: University of Burdwan, West Bengal, India. Title: Foreign Capital Inflow, Skilled-Unskilled Wage Gap, and Welfare in the Presence of the Informal Sector Abstract: This paper attempts to analyse the impact of trade liberalisation on the skilled- unskilled wage gap and the level of welfare of developing countries, which are generally characterised by large “informal” labour markets. A neo-classical full-employment four-sector model has been developed, where the informal sector produces either a final product or an intermediate product on subcontracting basis. Evidence shows that in either case, trade liberalisation, in the form of an increase in foreign capital inflow, widens the skilled-unskilled wage gap of the economy under some reasonable conditions. It also shows that as a result of an increase in the foreign capital inflow, the level of welfare of the economy increases, when the informal sector produces Classification-JEL: F10, F16, F32 Keywords: Capital Inflow, Informal Sector Journal: The Pakistan Development Review Pages: 125-147 Volume: 43 Issue: 2 Year: 2004 File-URL: http://www.pide.org.pk/pdf/PDR/2004/Kausik%20Gupta.pdf File-Format: Application/pdf Handle: RePEc:pid:journl:v:43:y:2004:i:2:p:125-147 Template-Type: ReDIF-Article 1.0 Author-Name: Abid A. Burki Author-X-Name-First: Abid A. Author-X-Name-Last: Burki Author-Workplace-Name: Department of Economics, Lahore University of Management Sciences, Lahore. Author-Name: Mushtaq A. Khan Author-X-Name-First: Mushtaq A. Author-X-Name-Last: Khan Author-Workplace-Name: Department of Economics, Lahore University of Management Sciences, Lahore. Author-Name: Faisal Bari Author-X-Name-First: Faisal Author-X-Name-Last: Bari Author-Workplace-Name: Mahbub-ul-Haq Human Development Centre, Islamabad. Title: The State of Pakistan’s Dairy Sector: An Assessment Abstract: While there is a plethora of research documenting a multitude of dimensions of the crop sector of Pakistan, the virtual absence of meaningful economic analysis of the dairy economy is surprising. No serious attempt has been made in the past to clarify the microlevel potential of this sector to impact rural economy. This paper is a pioneering attempt to provide an objective assessment of the state of Pakistan’s dairy and to point out areas of further research. The paper analyses some core issues, highlights the potential of this sector, and recommends the measures to be adopted towards such a goal. Classification-JEL: Q17, Q18 Keywords: Dairy Industry, Pakistan Journal: The Pakistan Development Review Pages: 149-174 Volume: 43 Issue: 2 Year: 2004 File-URL: http://www.pide.org.pk/pdf/PDR/2004/Abid%20A.%20Burki.pdf File-Format: Application/pdf Handle: RePEc:pid:journl:v:43:y:2004:i:2:p:149-174 Template-Type: ReDIF-Article 1.0 Author-Name: Rehana Siddiqui Author-X-Name-First: Rehana Author-X-Name-Last: Siddiqui Author-Workplace-Name: Pakistan Institute of Development Economics, Islamabad. Title: Energy and Economic Growth in Pakistan Abstract: Recent rise in energy prices, shrinking existing resources, and the search for alternative sources of energy and energy conservation technologies have brought into focus the issue of causality between energy use and economic growth. The results of this study show that energy expansion is expected to lead to higher growth and its shortage may retard the growth process. The impact of all sources of energy on economic growth is not the same. The impact of electricity and petroleum products as well as that of electricity only is high and statistically significant. However, the reverse causality is critical for the petroleum products. Classification-JEL: Q43, O47 Keywords: Economic Growth Journal: The Pakistan Development Review Pages: 175-200 Volume: 43 Issue: 2 Year: 2004 File-URL: http://www.pide.org.pk/pdf/PDR/2004/Rehana%20Siddiqui.pdf File-Format: Application/pdf Handle: RePEc:pid:journl:v:43:y:2004:i:2:p:175-200