Ricardian Equivalence in Pakistan

The book represents different Methodologies to check the validity of Ricardian Equivalence Hypothesis and its sources of deviation in case of Pakistan. The study used annual data for the period of 1973-2009. Engle & Granger and Johansen cointegration approaches are used to check the long run and short run dynamics among variables. Structural consumption function is estimated by using ordinary least square method and Euler equations are estimated by Generalized Method of Moment.The findings illustrate concentration towards the importance of fiscal policies in raising private consumption and controlling budget deficits, which are the prime goals of stabilization policies in Pakistan.

Autorentext

Muhammad Waqas é estudioso de M. Phil na Divisão de Protecção de Plantas (PPD), Instituto Nuclear para Alimentação e Agricultura (NIFA), Peshawar, Paquistão. Fez o seu M. Sc em Microbiologia na Universidade Abasyn Peshawar, Paquistão. O Dr. Syed Jawad Ahmad Shah é cientista chefe adjunto e chefe do PPD no NIFA. O Dr. Faheem A. Khan é Professor de Microbiologia na Abasyn Univ.