Lahore Journal of Economics Aims and Scope Editorial Board Notes for Authors Submission Guidelines Ethics Statement Full Text Articles	THE LAHORE JOURNAL OF ECONOMICS Editors Dr. Azam Chaudhry, Editor Dr. Theresa Thompson Chaudhry, Editor Ms. Nina Gera, Associate Editor Ms. Ayesha Khanum, Assistant Editor    Editorial Advisory Board Ranil Abayasekara      University of Peradeniya Ahmed M. Khalid      Bond University Baoyun Qiao      Central University of Finance and Economics, China Sirimal Abeyratne      University of Colombo Amir Jahan Khan      Institute of Business Administration Simon Quinn      University of Oxford Julio Aguirre      Universidad del Pacífico Saleem Khan      Bloomsburg University Atonu Rabbani      University of Dhaka Rashid Amjad      Lahore School of Economics Shahrukh Rafi Khan      Mount Holyoke College Dhushyanth Raju      World Bank Mathew Andrews      Harvard University Amit Khandelwal      Columbia University Rajah Rasiah      University of Malaya Mohammad Arzaghi      American University of Sharjah Rocco Macchiavello      Lahore School of Economics   Syed Kumail Abbas Rizvi      Lahore School of Economics David Atkin      MIT Minhaj Mahmud      BRAC University Anwar Shah      Southwestern University of  Finance and Economics, China Shahid Amjad Chaudhry      Lahore School of Economics Adeel Malik      University of Oxford Sohaib Shahid      International Monetary Fund Matthias Cinyabuguma      World Bank Inayat Ullah Mangla      Western Michigan University Chad Syverson      University of Chicago Sean Corcoran      New York University Ghazala Mansuri      World Bank Gwendolyn A. Tedeschi      Manhattan College Giovanna d'Adda      Politecnico di Milano, University of Birmingham Matthew McCartney      University of Oxford  Jamshed Y. Uppal      Catholic University of America Phillip Garner      Dixie State University Nawazish Mirza      SP Jain School of Global Management Eric Verhoogen      Columbia University Javier Arze del Granado      International Monetary Fund Ahmed Mushfiq Mobarak      Yale University Kate Vyborny      Duke University Ramani Gunatilaka      University of Colombo John Morrow      University of Essex Waqar Ahmed Wadho      Lahore School of Economics Aamir Rafique Hashmi      National University of Singapore Kamal Munir      University of Cambridge Jan Weiss      Jönköping International Business       School S. Ajaz Hussain      University of Toronto Khalid Nadvi      University of Manchester Christopher Woodruff      University of Oxford Kazi Iqbal      Bangladesh Institute of Development Studies Zareen Naqvi      British Columbia Institute of       Technology Bushra Yasmin      Fatima Jinnah Women University Sanjay Jain      University of Cambridge Ashish Narain      World Bank Sohail Zafar      Lahore School of Economics Michal Jerzmanowski      Clemson University Robert Neild      University of Cambridge Roshan Perera      Central Bank of Sri Lanka Ahmed Kamaly      The American University in Cairo     Editorial Staff : Tele. No: 0092 - 42 - 36560969 Telefax : 0092 - 42 - 36560905 E-mail: nina@lahoreschool.edu.pk, nina_lse@yahoo.com Publisher : Lahore School of Economics, Lahore, Pakistan.   Correspondence relating to subscriptions and changes of address should be sent to The Lahore Journal of Economics, 104-C-2, Gulberg III, Lahore - 54660 – Pakistan    No responsibility for the views expressed by authors and reviewers in The Lahore Journal of Economics is assumed by the Editors, the Associate Editor, the Editorial Board and the Publisher.    Copyright by: Lahore School of Economics

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