Zafar Mahmood
Pakistan Institute of Development Economics
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Publication
Featured researches published by Zafar Mahmood.
Journal of Economic Policy Reform | 2017
Samina Naveed; Zafar Mahmood
This paper attempts to investigate the domestic components of the financial liberalization process in Pakistan and develops an index of domestic financial liberalization capturing the important dimensions of reform process. Employing the multivariate co-integration technique and error-correction mechanism, the results indicate a positive impact of the index on economic growth in the long run, while its short run impact is found to be negative. Empirical findings highlight the importance of further financial deepening and financial intermediation, in a conducive environment, that are essential components to successfully implement reforms for growth stimulation.
Journal of The Asia Pacific Economy | 2013
Uzma Zia; Zafar Mahmood
Export price competitiveness assessment is a vital component in evaluating a countrys macroeconomic performance and sustainability of its policies. It is generally argued that exchange rate depreciation stimulates exports and curtails imports, while exchange rate appreciation harms exports and stimulates imports. At times favourable factors (such as currency depreciation), however, may not result into increased exports because exchange rate movements affect exports not only by means of its depreciation but also through its variability (risk). In this paper, the above prediction has been assessed by considering the co-existence of import content in production of exportables and dynamic productivity gains. Results show that in the manufacturing sector of Pakistan, the exchange rate volatility partially offset the positive effect of depreciation on exports, that is, volatility in exchange rate has resulted into a decrease in export price competitiveness despite currency depreciation and, hence, the country experienced a slow growth in manufactured exports.
The Pakistan Development Review | 1984
Zafar Mahmood
The Pakistan Development Review | 1996
Rehana Siddiqui; Usman Afridi; Zafar Mahmood
The Pakistan Development Review | 2000
Zafar Mahmood; Rehana Siddiqui
The Pakistan Development Review | 2001
Zafar Mahmood; Mohammad Azhar
Archive | 1998
Abdul Razzaq Kemal; Zafar Mahmood
The Pakistan Development Review | 1992
Zafar Mahmood; Mohammad Ali Qasim
The Pakistan Development Review | 1989
Zafar Mahmood
Archive | 1994
Abdul Razzaq Kemal; Zafar Mahmood; Ather Maqsood Ahmed