Lahore School of Economics

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IMF endgame?

"The best is the enemy of the good” — a saying Pakistan’s pre-eminent economist, Dr Mahbubul Haq, often repeated. As Pakistan and the International Monetary Fund (IMF) move closer to signing an agreement for a three-year programme, both would do well to heed this practical advice.

Currently, the remaining points of contention are more regarding the pace and sequencing of short-term stabilisation measures, and not the fundamental reforms that need to be undertaken, on which there is broad agreement.
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posted by S A J Shirazi @ 2/15/2019 03:19:00 PM,

Entrepreneurship and SME Management


Mr. Wasif Waseem Ashraf visited the Lahore School of Economics on Thursday, February 14, 2019 to give a lecture to the students of the undergraduate programme who are enrolled in the course of “Entrepreneurship and SME Management.”

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posted by S A J Shirazi @ 2/15/2019 03:19:00 PM,

Industry Academia linkages - MOU

The Lahore School of Economics signed a Memorandum of Understanding with METRO-Habib Cash & Carry Pakistan (Pvt) Limited on Thursday, February 07,2019 at Barki Campus as a part of Industry Academia linkages. Dr Shahid Amjad Chaudhry, Rector Lahore School and Marek Mickiewicz, Managing Director METRO-Habib Cash & Carry Pakistan signed the MoU.


The main purpose of signing an MoU with METRO-Habib Cash & Carry Pakistan is to pursue the goal of strengthening Industry/Academia linkages.
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posted by S A J Shirazi @ 2/08/2019 02:39:00 PM,

Industry Academia Linkages - MOU

The Lahore School of Economics signed a Memorandum of Understanding with FINCA Microfinance Bank Limited on Wednesday, January 30, 2019 at Barki Campus as a part of Industry Academia linkages.


The main purpose of signing MoU with FINCA Microfinance Bank is to pursue the goal of strengthening Industry/Academia linkages.
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posted by S A J Shirazi @ 2/02/2019 01:43:00 PM,

Group Decision-Making: Evidence from a framed field experiment with community organisations in Pakistan

Dr. Hamna Ahmed (Assistant Professor, Department of Economics, CREB, Lahore School of Economics) attended the international conference on Economic Development in South Asia held 7-8 January, 2019 in Kalutara, Sri Lanka.


The conference was organised by The Institute of Policy Studies of Sri Lanka (IPS) in collaboration with the South Asia Research Network (SARN) of the Centre for Global Business (CGB), and Centre for Development Economics and Sustainability (CDES), Monash University Australia. The conference provided an opportunity for researchers and policy makers from the South Asia region and Monash University, Australia to interact with each other and deepen collaborative links on major development challenges facing South Asia. 


Ms Ahmed presented her paper titled “Group Decision-Making: Evidence from a framed field experiment with community organisations in Pakistan”. The paper was well received by attendees and is a good example of the rigorous research being carried out by researchers at the Lahore School.

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posted by S A J Shirazi @ 1/30/2019 12:34:00 PM,

Innovation and technological upgradation in the Sialkot manufacturing sector

Dr. Azam Chaudhry (Professor and Dean faculty of Economics) of the Lahore School of Economics presented his research findings at a conference “Development in Punjab: Setting New Priorities in Agriculture and Industries”, jointly being organized by the Consortium for Development Policy Research (CDPR) and the International Growth Center (IGC) in partnership with the Finance Department (FD) and Planning and Development Department (P&DD), Government of Punjab, on 22 January 2019 at Lahore.


Dr. Azam presented his research on ‘Innovation and technological upgradation in the Sialkot manufacturing sector’. He reported how a misalignment of incentives between workers and firm owners led to firms not adopting cost cutting practices. For detailed presentation, visit here.
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posted by S A J Shirazi @ 1/28/2019 02:39:00 PM,

Young innovative companies and employment creation, evidence from the Pakistani textiles sector

Dr. Waqar Wadho and Dr. Azam Chaudhry of the Lahore School of Economics along with Dr. Micheline Goedhuys of the United Nations University (UNU Merit) published their recent research in the top development journal-World Development.
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posted by S A J Shirazi @ 1/28/2019 02:38:00 PM,

Demographics lie in the eye of the beholder

By Moazam Mahmood

There is a good debate on Pakistan’s demographic growth rate. According to the latest census, it is estimated well and rigorously at 2.4% per annum. A critical camp, led by demographers and notable officials far more cognisant of these pyrotechnics than myself, finds this demographic rate of growth too high. For demographers, child quality will improve if the number of children ever born falls further. Of course, but assuming a constrained budget to spend on them. Nutrition, morbidity, education, capabilities, all will increase if the target population is smaller. But only if we assume a resource budget growing by less than the demographic growth rate.

So there are two questions here to consider. An empirical question, of whether Pakistan’s resources are chasing too large a target in our demographic growth rate? Sure, that case can always be made out. But I think there is a theoretical prior, for some economists. Let me make this out. Economists come in two flavours. Macroeconomists, like myself, who fancy viewing the whole economy. Which we call fancily general equilibrium. And micro and meso economists, who fancy that the whole economy comprises smaller bits to be analysed. Which we call partial equilibrium.
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posted by S A J Shirazi @ 1/28/2019 02:38:00 PM,

Innovation in the Pakistani Textile and Apparel Sectors: Key findings and Recommendations

Dr. Waqar Wadho (Assistant Professor and Senior Research Fellow) of the Lahore School of Economics presented his research findings at a conference “Development in Punjab: Setting New Priorities in Agriculture and Industries”, jointly being organized by the Finance Department (FD) and Planning and Development Department (P&DD), Government of Punjab in partnership with the Consortium for Development Policy Research (CDPR) and the International Growth Center (IGC) on 22 January 2019 at Lahore.


Dr. Waqar presented his research on ‘Innovation in the Pakistani Textile and Apparel Sectors: Key findings and Recommendations’. He reported that managerial innovation has the highest impact on a firm’s labor productivity followed by process innovation. However, introduction of new products resulted in productivity loss (disruption effect). He also showed that young innovative companies create more jobs and that innovation is conducive to employment creation. For detailed presentation, visit here.

The event was well attended by the policy makers including the Minister of Finance, Punjab, high level bureaucrats, manufacturers and academics. The participants appreciated the role of Lahore School of Economics and its researchers in bridging the gap between academia, policy makers and industries.

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posted by S A J Shirazi @ 1/28/2019 10:30:00 AM,

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