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Islamic Economics
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Statistical Foundations for Econometric Techniques
Statistical Foundations for Econometric Techniques features previously unavailable material in a textbook format for econometrics students, researchers, and practitioners. Taking strong positions for and against standard econometric techniques, the book endorses a single best technique whenever possible. In many cases, the recommended optimal technique differs substantially from current practice. Detailed discussions present many new estimation strategies superior to conventional OLS and ways to use them. Key Features * Evaluates econometric techniques and the procedures commonly used to analyze those techniques * Challenges established concepts * Introduces many techniques that are not available in other texts * Recommends against using the Durbin-Watson and Lagrange Multiplier tests in favor of tests with superior power * Provides many new types of estimation strategies superior to conventional OLS * Forms a judicious mixture of various methodological approaches * Illustrates Empirical Bayes estimators and Robust Regression techniques possessing a 50% breakdown value
Managers as Little Prince
This is the First Book from Pakistan which looks at Business & Management through lens of poetry & fiction. Author (Khurram Ellahi) has used poetry as a tool to look at current issues of Business & Management sciences. Book starts with the thesis that how poetry & fiction has already influenced physics, psychology and other fields of knowledge. In this book Author has used the novel Little Prince written by Saint Exupery to attend the long lasting dilemmas of Business & Management. New thinking approach has been introduced to attend the old problems of management. Book also looks at conventional approach of attending those dilemmas and how thinking like Little Prince can help Managers. This is first of its kind endeavor from Pakistan. Author Khurram Ellahi is a lecturer at a public university. He is pursuing his PhD in leadership. Book has been published with Auraq Publications self-publishing platform.
Islamic Economics
A central thesis of this ...
A Modern History of Fiscal Prudence and Profligacy
We draw on a newly collected historical dataset of fiscal variables for a large panel of countries—to our knowledge, the most comprehensive database currently available—to gauge the degree of fiscal prudence or profligacy for each country over the past several decades. Specifically, our dataset consists of fiscal revenues, primary expenditures, the interest bill (and thus both the primary and the overall fiscal deficit), the government debt, and gross domestic product, for 55 countries for up to two hundred years. For the first time, a large cross country historical data set covers both fiscal stocks and flows. Using Bohn’s (1998) approach and other tests for fiscal sustainability, we document how the degree of prudence or profligacy varies significantly over time within individual countries. We find that such variation is driven in part by unexpected changes in potential economic growth and sovereign borrowing costs.
Building Genuine Islamic Financial Institutions
Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial institutions are designed to support the process of accumulation of wealth, which is at the heart of capitalist societies. Central to Islam is the spirit of service, and spending on others, which is expressed by diverse, service-oriented institutions, radically different from those dominant in capitalist societies.
Islamic Finance as a Complex System
There has been a rapid increase in the interest in the study of Islamic finance, resulting in a dramatic rise in financing since the beginning of the century. By the end of 2017 global industry assets had reached $2.4 trillion and were forecasted to reach $3.2 trillion by 2020, despite historic challenges to Islam itself at the same time. This collection of chapters provides key theoretical, empirical, and policy insights into Islamic finance from an overall complex financial and economic systems perspective. Within the complex financial and economic systems framework, this book addresses questions such as how to conceptualize Islamic financial institutions in a nonlinear general equilibrium system, how to promote Islamic Finance in Africa, how “Islamic” is Islamic finance, and how it affects price stability, among other topics. The book provides case studies in Africa and Asia, addresses the subject in a structural financial CGE model, demonstrates the development impact of Islamic finance, and presents an Islamic version of the Iceland Plan for Monetary Reform.
The Influence of Gender Budgeting in Indian States on Gender Inequality and Fiscal Spending
This study investigates the effect of gender budgeting in India on gender inequality and fiscal spending. Gender budgeting is an approach to budgeting in which governments use fiscal policies and administration to address gender inequality and women’s advancement. There is little quantitative study of its impact. Indian states offer a relatively unique framework for assessing the effect of gender budgeting. States with gender budgeting efforts have made more progress on gender equality in primary school enrollment than those without, though economic growth appears insufficient to generate equality on its own. The implications of gender budgeting for fiscal spending were more ambiguous.
Explaining Social Behavior
A substantially revised edition of Jon Elster's critically acclaimed book exploring the nature of social behavior and the social sciences.
Islamic Economics
Studies conducted in the field of Islamic economics lose their relevance over time. Works examining Islamic economics since the 1970s have been co-opted by the existing economic system and have become limited to a large extent, as they are now only concerned with financial transactions. In fact, ""Islamic economics"" as a concept should actually be conceptualized as an alternative economic system. However, because of the financial and commercial transactions implemented in daily economic life ...
