Is there a Phillips Curve in Pakistan?

:M. Aynul Hasan
Additional contact information
:M. Aynul Hasan: Acadia University, Canada

The Pakistan Development Review, 1988, vol. 27, issue 4, 839-851

Abstract: Since the publication of A.W.Phillip's (1958) influential paper on the relationship between unemployment and the rate of change of the money wage rate, countless studies have appeared to refine, reformulate and re-estimate structural equations explaining the rates of change in the wage rates and the price levelor inflation rates.1 The empirical findings of the Phillips curve relationships during the past two decades have been considered to be a contentious issue particularly in developed countries.2 Despite the fact that the original hypothesis of the PhilliPscurve has been questioned and challenged,3 nevertheless, the importance of this subject has been preserved by its continued relevance for policy. Not only that, Friedman (1970, 1971) claimed that the Phillips curve plays the important role of the "missing equation" separating his own quantity theory of money from the Keynesiantheory

Date: 1988
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.pide.org.pk/pdf/PDR/1988/Volume4/839-851.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pid:journl:v:27:y:1988:i:4:p:839-851

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().