ORCID Profile
0000-0002-5224-7545
Current Organisation
University of Newcastle Australia
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Publisher: Pakistan Institute of Development Economics (PIDE)
Date: 03-1990
Abstract: This paper tests the monetarist versus the neo-Keynesian views on the accelera· tion of inflation, using annual data for Bangladesh, India, Nepal, Pakistan, and Sri Lanka (mostly) for the period 1961-88, within the framework of the theoretical model of Stein (I978, 1982). The empirical results consistently support the monetarist view that changes in real money balances contribute to an acceleration of inflation. Another important finding is that except for Bangladesh, contrary to the neo-Keynesian view, bond· financed government expenditure does not have an independent significant effect on the acceleration of inflation.
Publisher: Wiley
Date: 06-2014
Publisher: Elsevier BV
Date: 03-2009
Publisher: Wiley
Date: 06-1991
Publisher: Routledge
Date: 25-09-2017
Publisher: Routledge
Date: 15-08-2013
Publisher: Informa UK Limited
Date: 05-01-2016
Publisher: Informa UK Limited
Date: 03-05-2016
Publisher: Informa UK Limited
Date: 02-09-2015
Publisher: Edward Elgar Publishing
Date: 30-10-2009
Publisher: Informa UK Limited
Date: 1998
Publisher: Elsevier
Date: 2007
Publisher: Oxford University Press (OUP)
Date: 09-03-2012
DOI: 10.1093/JIS/ETS042
Publisher: Wiley
Date: 08-11-2018
Publisher: Informa UK Limited
Date: 15-06-2015
Publisher: Elsevier BV
Date: 12-2020
Publisher: Informa UK Limited
Date: 11-1990
Publisher: Elsevier BV
Date: 12-2010
Publisher: Elsevier BV
Date: 2019
DOI: 10.2139/SSRN.3450965
Publisher: Informa UK Limited
Date: 02-01-2020
Publisher: ISEAS - Yusof Ishak Institute
Date: 2021
DOI: 10.1355/AE38-1C
Publisher: Elsevier BV
Date: 08-2016
Publisher: Informa UK Limited
Date: 1994
Publisher: Informa UK Limited
Date: 07-2014
Publisher: Edward Elgar Publishing
Date: 28-08-2015
Publisher: Elsevier BV
Date: 08-1991
Publisher: Edward Elgar Publishing
Date: 28-08-2015
Publisher: Elsevier BV
Date: 12-2017
Publisher: Wiley
Date: 03-2008
Publisher: Pakistan Institute of Development Economics (PIDE)
Date: 03-2008
Abstract: This paper provides an overview of recent developments in rural labour markets in Bangladesh and also examines the trends and movements of agricultural productivity and real wages with annual data for the period 1950-2006. The paper links the movements of agricultural real wages to macroeconomic developments in general and agricultural development in particular. As part of empirical investigation, the paper develops a simple model of agricultural real wages that depend on agricultural productivity. In order to examine the long-run relationship between agricultural productivity and real wages, the paper applies the Autoregressive Distributed Lag Bounds testing approach. Empirical results suggest that there exists a long-run relationship between agricultural productivity and real wages, and that agricultural productivity can be treated as a ‘long-run forcing variable’ in explaining agricultural real wages. In the dynamic specification of real wages, the coefficient on oneperiod lagged error-correction term bears the expected negative sign and is significant. The forecasting ability of the error correction model is satisfactory with respect to the level or the percentage change of real wages. The overall results are consistent with the findings of earlier studies that agricultural productivity is a key determinant of real wages in Bangladesh.
Publisher: Springer Science and Business Media LLC
Date: 19-08-0008
Publisher: Springer International Publishing
Date: 29-12-2015
Publisher: Informa UK Limited
Date: 1993
Publisher: World Scientific Pub Co Pte Lt
Date: 03-2022
DOI: 10.1142/S0217590811004109
Abstract: This paper adopts the Johansen approach to cointegration to estimate a narrow money-demand function for Indonesia with annual data for the period 1970–2007. Empirical results suggest that there exists a cointegral relationship between real narrow balances, real permanent income and the deposit rate of interest. The recursive and rolling regression results suggest that the narrow money-demand function has remained largely stable irrespective of ongoing financial reforms in Indonesia since the late 1980s and/or financial crises in the late 1990s. The Quandt-Andrews breakpoint and the Hansen-Johansen stability tests results however suggest that the narrow money-demand relationship had a structural break in the early 1990s. This corresponds to a period of time when the banking and financial reforms in Indonesia took effect. The Chow breakpoint test results suggest that there was also a structural break in the money-demand relationship during the financial crises of the late 1990s.
Publisher: University of California Press
Date: 05-2000
DOI: 10.2307/3021159
Publisher: Informa UK Limited
Date: 05-2009
Publisher: Pakistan Institute of Development Economics (PIDE)
Date: 03-1999
Abstract: After remaining low throughout the 1970s and 1980s, Bangladesh's trade deficits (as percent of GDP) with India have been rising sharply since 1993. The size of its illegal trade deficits with India is also large and perceived to be rising since the early 1990s. Thus, instead of interdependence between two trading neighbours at the same stage of development, the Bangladesh-India trade relations suggest an absolute dependence of Bangladesh on India. The debate that has now generated in Bangladesh from such a onesided trade flow has two polar themes. At one extreme are those commentators who consider Bangladesh's large and growing trade deficits with India as a "natural and positive development" on the grounds that India is believed to be at a higher stage of development and to have gained technological maturity in the production of those goods that Bangladesh imports from India. The alternative view is that Bangladesh's large and growing trade deficits are a recent phenomenon and have nothing to do with India's technological maturity or prowess. As an explanation, such deficits are c9nsidered to be the result both of India's deep devaluation policy and tariff and non-t~ff barriers to Bangladesh's exports to its markets. This paper examines the disaggregated structure of trade, as well as the revealed comparative advantage of Bangladesh and India and finds no support for the thesis of Bangladesh's technological imports from India on grounds of their maturity. It then examines the sensitivity of trade flows between the two countries to exchange rates and the possible role of trade liberalisation in generating trade deficits within the framework of intra-industry trade models for differentiated products. The available evidence suggests that through subsidies, interventions and deep devaluation policy, India has artificially created a comparative advantage over Bangladesh in differentiaied products. India has also managed to keep its markets closed for Bangladesh's products despite trade negotiations, between the governments. This gives credence to the suggestion that Bangladesh's trade with India is neither fair nor competitive. Finally, the paper considers the political economy of the large and growing trade imbalances between them before drawing policy conclusions.
Publisher: Wiley
Date: 15-04-2019
DOI: 10.1111/ECNO.12131
Publisher: Informa UK Limited
Date: 1996
Publisher: Elsevier BV
Date: 04-2014
Publisher: Informa UK Limited
Date: 08-2008
Publisher: Pakistan Institute of Development Economics (PIDE)
Date: 12-1994
DOI: 10.30541/V33I4IIPP.969-983
Abstract: Despite an impressive number of studies on money demand in Pakistan since the early 1970s, the question of stability of the money demand function did not receive much attention. This paper examines the question of whether there exists a stable money demand function in Pakistan. The novelty of the study comes from the application of the method of cointegration to Pakistani annual data over 1951-91.1 The empirical findings of this study are somewhat different from those of earlier studies on money demand in Pakistan and have monetary policy implications. However, besides some inherent shortcomings of the method of cointegration, one possible weakness of the paper is the use of data which extend over the 1950s and 1960s when Bangladesh was a part of Pakistan. It creates an unavoidable problem of data conformability. It induced me to take the risk of being somewhat complacent about the s le size as I report empirical results for a shorter s le period 1972-91. One consolation is that empirical findings for this sub-s le appear qualitatively better than those obtained for the full s le period.
No related grants have been discovered for Akhtar hossain.