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…
The WTO Agreement on Agriculture (AoA) serves as the pivotal multilateral framework setting out the rules and principles governing agricultural trade. It contains detailed rules regarding domestic support, market access, and export subsidies in…
Several cross-cutting issues on trade and agriculture are emerging in discussions at various international forums, including the World Trade Organisation (WTO) and Bilateral trade agreements. The global agriculture landscape faces multifaceted…
This paper examines whether government spending and governance have a nonlinear relationship with economic growth. The study determines the threshold effect of the institutional quality on the relationship between public expenditure and economic…
This paper analyzes the nonlinear effect of trade openness on economic growth over a sample of developed and developing countries during the period 1980–2020. Using a Dynamic Panel Threshold Model advanced by Seo and Shin (2016), and Seo et al., (…
The Lahore School of Economics macro model estimates that Pakistan's GDP growth for FY 2023-2024 is projected at 1.68%, reflecting ongoing weaknesses in sectoral performance, particularly in large-scale manufacturing, which barely broke even after a…