significant shift in causal relations of money, income, and prices in Pakistan
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significant shift in causal relations of money, income, and prices in Pakistan the price hikes in the early 1970s by Fazal Husain

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Published by Pakistan Institute of Development Economics in Islamabad .
Written in English


  • Prices -- Pakistan -- History -- 20th century.,
  • Money -- Pakistan -- History -- 20th century.,
  • Income -- Pakistan -- History -- 20th century.

Book details:

Edition Notes

Includes bibliographical references.

StatementFazal Husain, Abdul Rashid.
SeriesPIDE working papers -- 2006: 8
ContributionsRashid, Abdul, Lecturer, Pakistan Institute of Development Economics.
LC ClassificationsHG1240.5 .H87 2006
The Physical Object
Pagination18 p. ;
Number of Pages18
ID Numbers
Open LibraryOL21802947M
LC Control Number2006333843

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Abbas and Husain () examine the causal relationship between money and income and between money and prices in Pakistan. The co-integration analysis . In the case of income, the study finds the feed back mechanism of money, which is generally missing in the earlier studies probably because of not taking care of the shift in the macroeconomic variables in Pakistan in the early ; Income; Prices; Price hikes; Casual relations; PakistanAuthor: Fazal Husain and Abdul Rashid. relationship among money supply, prices, income and causality in Pakistan. DATA AND METHODOLOGY The time series data was used to establish the relationship among money, prices and income in Pakistan for the period of to in the study. Included variables in study were; the Gross Domestic Product (GDP), Prices and Money Size: KB. Money and Income Relationship in Pakistan: A Critical Review Faiz Bilquees & Tahir Mukhtar is usually considered to mark the beginning of classical economics. The classical economists believed that only real factors can affect real output and employment, hence money was not important. They.

changes in income and prices. In fact income cause money supply via demand for money implying that the direction of causation runs from income to money without any feedback. Moreover, changes in prices are mainly effected by structural factors. In the empirical literature, the causality tests among money, price, and output has provided. Analysis if the factors affecting exchange rate variability in Pakistan. | Page increased. (Edwards, ). Inflation affects all macroeconomic variables like trade, growth and exchange rate.   Probably the single most important shift in the FDA of the last decade has been the change in how the agency approves new drugs -- or, more precisely, how quickly it approves new drugs. In the.   One of the critical aspects of the service economy and the changes that it will face in the future lies with how modernity and increasing global cooperation has altered the manufacturing sector.

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