The balance-of-payments (BOP)-constrained growth rate is the maximum gross domestic product (GDP) growth rate above which unsustainable current account deficits emerge, forcing policymakers to implement contractionary measures that ultimately reduce…
Pakistan ranks among the world’s most polluted countries, with transport emissions being a major contributor to deteriorating air quality. In Punjab, rising smog poses serious environmental and public health risks, with Lahore’s transport sector…
This paper examines how a country’s integration into global value chains (GVCs) influences its economic growth. GVCs have transformed international trade by shifting the focus from final goods to fragmented production networks across countries.…
This paper assesses the potential repercussions of US tariff policies on Pakistan's exports to the US. The imposition of a 19-percent tariff would result in an equivalent increase in costs for Pakistani exporters. Assuming this increase is passed…
This study assesses the potential impact of the European Union (EU)'s Carbon Border Adjustment Mechanism (CBAM) on Pakistan’s exports. Starting in 2026, CBAM’s definitive phase will initially target high-emission sectors, so Pakistan’s exports may…
This paper argues that CARICOM’s just transition must be explicitly trade-aware, multi-sectoral, and equity-driven. Drawing on global just transition literature, national strategies, and sectoral analysis, it identifies six guiding principles…
We estimate the impact of international standards certification on the export performance of firms in a developing economy using a unique panel data from Pakistan’s textile and apparel sector. To address endogeneity, we implement a novel…
Pakistan’s exports have remained stagnant despite multiple exchange-rate depreciations. Empirical evidence from product-level data between 2003 and 2024 indicates that changes in the real effective exchange rate and energy tariffs have had limited…
This policy brief examines the current state of trade relations between Canada and the Caribbean Community (CARICOM), identifying key trends, persistent challenges and emerging opportunities in an evolving global landscape. Despite longstanding…
Innovation is recognized as an important catalyst for growth and competitiveness in the global economy, yet its specific impact on firm performance remains inadequately explored, particularly across different sectors in the context of developing…