Dr. Azam Chaudhry

Dr. Dr. Azam Chaudhry is Professor of Economics and the Dean of the Faculty of Economics at the Lahore School of Economics. He has a B.Sc. (Hons.) in Economics from the London School of Economics (UK) where he specialized in Monetary Economics, Econometrics and Corporate Finance and a M.A. and PhD in Economics from Brown University (USA) where he specialized in theoretical and empirical macroeconomics.

He teaches undergraduate and graduate Econometrics and Macroeconomics at the Lahore School of Economics and his research interests include Innovation and Technological Change, International Trade, Institutional Economics, Economic Growth and Development, Behavioral Economics, Economic and Social Networks, Political Economy and Industrial Organization.

He was recently awarded the World Trade Organization (WTO) Chair for Pakistan which focuses on research, curriculum development and stakeholder engagement in international trade WTOChairs .

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His publications include:

“Adjustments in markups after a Free Trade Agreement: An analysis of Pakistani firms gaining increased access to China, ” with Nida Jamil and Theresa Chaudhry in Journal of International Trade and Economic Development, 2023.

“Emigration's Heterogeneous Impact on Children's Wellbeing in Punjab, Pakistan, ” with Rabia Arif and Theresa Chaudhry in Child Indicators Research, 2023.

“Trading Textiles along the New Silk Route: the impact on Pakistani firms of gaining market access to China, ” with Nida Jamil and Theresa Chaudhry in Journal of Development Economics, Volume 158, September 2022.

“Innovation strategies and productivity growth in developing countries: Firm-level evidence from Pakistani manufacturers, ” with Waqar Wadho in Journal of Asian Economics, Volume 81, August 2022.

“Home-based Enterprises: Experimental Evidence on Female Preferences from Pakistan, ” with Farah Said, Mahreen Mahmud and Giovanna d’Adda in Economic Development and Cultural Change, 2022.

“Where to Locate? The Correlation Between Spatial Proximity and Location Choice of New Firms: The Case of Pakistan, ” with Maryiam Haroon in Asian Economic Journal, Volume 35, Issue 2, July 2021, 187–208.

“First integrals of Hamiltonian systems: The inverse problem, ” with with R. Naz and F. M. Mahomed in Discrete & Continuous Dynamical Systems-S, Volume 13, Issue 10, October 2020, 2829-2840.

“It is not power, but how you use it: Experimental evidence on altruism from households in Pakistan, ” with Farah Said, Mehreen Mahmud and Giovanna d'Adda in Applied Economics Letters, Volume 27 2020, Issue 5, 426-431.

“Do young innovative companies create more jobs? Evidence from Pakistani textile firms, ” with Waqar Wadho and Micheline Goedhuys in World Development, Volume 117, May 2019, 139-152. A version of the paper is available here .

"Closed-form solutions of the Lucas-Uzawa model with externalities via the partial Hamiltonian approach, " with R. Naz in Computational and Applied Mathematics, Volume 37, Issue 4, September 2018, 5146–5161.

"Innovation and Firm Performance in Developing Countries: The case of Pakistani Textile and Apparel Manufacturers, " with Waqar Wadho in Research Policy, Volume 47, Issue 7, September 2018, 1283-1294.

“Closed-form Solutions for the Lucas-Uzawa Growth Model with Logarithmic Utility Preferences via the Partial Hamiltonian Approach, ” with R. Naz in Discrete and Continuous Dynamical Systems Series S, Volume 11, Issue 4, 2018, 643-654.

“Organizational Barriers to Technology Adoption: Evidence from Soccer-Ball Producers in Pakistan, ” with David Atkin, Shamyla Chaudry, Amit K. Khandelwal and Eric Verhoogen in the Quarterly Journal of Economics, Volume 132, Issue 3, August 2017, 1101–1164.

“Comparison of Closed-Form Solutions for the Lucas-Uzawa Model via the Partial Hamiltonian Approach and the Classical Approach, ” with R. Naz in Mathematical Modelling and Analysis, Volume 22, Issue 4, 2017, 464-483.

"Pakistan's Experience with the Pak-China Free Trade Agreement: Lessons for CPEC, " with Theresa Chaudhry and Nida Jamil in the Lahore Journal of Economics, Volume 22, Issue SE, September 2017, 1-24.

“On the Origins and Development of Pakistan’s Soccer-Ball Cluster, ” with David Atkin, Shamyla Chaudry, Amit K. Khandelwal and Eric Verhoogen in the World Bank Economic Review, Volume 30, Issue Supplement 1, March 2017, S34 - S41.

“Closed-form solutions for the Lucas –Uzawa model of economic growth via the partial Hamiltonian approach, ” with R. Naz and F. M. Mahomed in Communications in Nonlinear Science and Numerical Simulation, Volume 30, Issues 1–3, 2016, 299-306.

“A partial Lagrangian method for dynamical systems, ” with R. Naz and F. M. Mahomed in Nonlinear Dynamics, May 2016, Volume 84, Issue 3, 1783–1794.

”A Panel Data Analysis of Electricity Demand in the Pakistani Industrial Sector, ” in Energy Sources Part B: Economics, Planning and Policy, Volume 11, Issue 1, March 2016, 73-79.

“Innovation in the Textiles Sector: A Firm-Level Analysis of Technological and Nontechnological Innovation, ” with Waqar Wadho in the Lahore Journal of Economics, Volume 21, Issue SE, September 2016, 129-166.

“Markup and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan, ” with David Atkin, Shamyla Chaudry, Amit K. Khandelwal and Eric Verhoogen in the American Economic Review, Papers & Proceedings, Volume 105, Issue 5, 2015, 537–544.kistani

“The effects of external migration on enrolments, accumulated schooling and dropouts in Punjab, ” with Rabia Arif in Applied Economics, Volume 47, Issue 16, 2015, 1607-1632.

"Does genetic proximity to high growth countries affect a country's own growth? " with Rabia Ikram in Economic Modelling, Volume 51, December 2015, 444-453.

“A Partial Hamiltonian Approach for Current Value Hamiltonian Systems, ” with R. Naz and F. M. Mahomed in Communications in Nonlinear Science and Numerical Simulation, Volume 19, Issue 10, October 2014, 3600-3610.

“Beyond the Poverty Line: A Multi-dimensional Analysis of Poverty in Pakistan, ” with Theresa Chaudhry, Muhammad Haseeb, and Uzma Afzal, in Rashid Amjad and Shahid Javed Burki (eds.) Pakistan: Moving the Economy Forward, Cambridge University Press, 2015. An earlier version of the chapter is available at: “Beyond the Poverty Line: A Multi-dimensional Analysis of Poverty in Pakistan , ” with Theresa Chaudhry, Muhammad Haseeb, and Uzma Afzal, in Rashid Amjad and Shahid Javed Burki (ed.) Pakistan: Moving the Economy Forward, Lahore School of Economics Press, 2013.

“The Need for a Coordinated Industrial Strategy to Boost Pakistani Exports: Lessons from Asia, ” with Gul Andaman in the Lahore Journal of Economics, Volume 19, Issue SE, September 2014, 177-206.

“Patronage in Rural Punjab: Evidence from a New Household Survey Dataset, ” with Kate Vyborny in the Lahore Journal of Economics, Volume 18, Issue SE, September 2013, 183-209.

"A Structural V AR analysis of the impact of macroeconomic shocks on Pakistan's textile exports, " in Economic Modelling, Volume 32, May 2013, 302-315.

"The Political Economy of Income Comparisons and Economic Growth, " in Economic Modelling, Volume 31, March 2013, 214-222.

“The Birth of Exporters: Entry and Scale of Firms in Punjab’s Export Sectors, ” with Marjan Nasir and Maryiam Haroon, in the Lahore Journal of Economics, Volume 17, Issue SE, Sept. 2012, 191-212.

“Tariffs, Trade and Growth: Do Institutions Matter? ” in the Lahore Journal of Economics, Volume 16, Issue 2, Winter 2011, 31-54.

“A Panel Data Analysis of Electricity Demand in Pakistan, ” in the Lahore Journal of Economics, Volume 15, Issue SE, Sept. 2010, 75-106.

“Total Factor Productivity Growth in Pakistan: An Analysis of the Agricultural and Manufacturing Sectors, ” in the Lahore Journal of Economics, Volume 14, Issue SE, Sept. 2009, 1-16. kistani

“The Effects of Rising Food and Fuel Costs on Poverty in Pakistan, ” with Theresa Thompson Chaudhry in the Lahore Journal of Economics, Volume 13, Issue SE, Sept. 2008, 117-138.

“Do Governments Suppress Growth? Institutions, Rent-Seeking and Innovation Blocking in a Model of Schumpeterian Growth, ” with Phillip Garner in Economics and Politics, Volume 19, Issue 1, Mar. 2007, 35-52.

“Political Competition Between Countries and Economic Growth, ” with Phillip Garner in Review of Development Economics, Volume 10, Issue 4, Nov. 2006, 666-682.

“Corruption and Trade Liberalization: Has the World Bank Anti-Corruption Initiative Worked? ” in the Lahore Journal of Economics, Volume 10, Issue 2, Winter 2005, 111-140.

“Survey of IFC Firms on Local MBA Quality, ” World Bank Policy Research Working Paper Number 3182, World Bank, Washington D.C., 2004.

“Does Institutional Quality Affect the Success of Privatization Policies in Developing Countries?” with Phillip Garner, Manuscript, Brigham Young University, 2003.

“Procurement and the World Bank’s Anti-Corruption Initiatives,” Operations Evaluation Department Working Paper, World Bank, Washington D.C., 2000.

“A Review of the Country Assistance Strategies and FY98 Lending for the World Bank’s Anti-Corruption Strategy,” Operations Evaluation Department Working Paper, World Bank, Washington D.C., 1998.

His current research includes:

Promoting investment in Solar Energy across SMEs in Pakistan: The Role of Information Provision with Theresa Chaudhry, Lahore School of Economics, Phillip Garner, Utah Tech University and Nikita Grabher-Meyer, University of East Anglia.

Measuring the Barriers to Industrial Upgrading using Evidence from Pakistan with David Atkin, MIT, Amit K. Khandelwal, Columbia Graduate School of Business and Eric Verhoogen, Columbia University.

Measuring Innovation in the Pakistani Textile Sector with Matthew McCartney (Oxford University) and Waqar Wadho, Lahore School of Economics. Benchmarking of Productivity in Pakistan’s Readymade Garment Sector with Theresa Chaudhry, Lahore School of Economics.

Developing an Optimal Industrial Strategy in the Context of the China Pakistan Economic Corridor (CPEC) with Theresa Chaudhry, Lahore School of Economics, Maryiam Haroon, Lahore School of Economics and Nida Jamil, Lahore School of Economics.

Impact assessment of start-up loans to female run micro-enterprises with Farah Said, Lahore School of Economics, Naved Hamid, Lahore School of Economics, and Mahreen Mahmud, Oxford University.

Measuring the effects of agglomeration on new firms in Punjab with Maryiam Haroon, Lahore School of Economics.

Spillovers in technology adoption: evidence from a randomized experiment in Pakistan with David Atkin, MIT, Amit K. Khandelwal, Columbia Graduate School of Business and Eric Verhoogen, Columbia University.

Patron-client relations in rural Punjab with Kate Vyborny, Duke University. 

His recent research grants include:

International Growth Centre (FCDO, UK) for Research on Promoting Investment in Solar Energy across SMEs in Pakistan, 2023.

World Trade Organization (WTO) Chairs Programme, 2022.

Global Challenges Research Fund (UK) for Research on Innovation and Firm Growth in the Pakistani Textile Sector, 2018.

International Growth Center (DFID/UK) for Research on Measuring Innovation in the Pakistani Textile Sector, 2014.

Private Enterprise Development in Low Income Countries (PEDL/UK) for Research on Barriers to Industrial Upgrading in Pakistan, 2014.

International Growth Center (DFID/UK) Project Grant for Research on Technology Spillovers in the Pakistani Manufacturing Sector, 2011.

International Growth Center (DFID/UK) Project Grant for Research on Technology Spillovers in the Pakistani Manufacturing Sector, 2010.

British Academy (UK) Grant for Research on Patron Client Relations in Rural Punjab (Pakistan), 2014.

Open Society Institute Grant for Social Choice and Network Assistance Survey, 2010.

His other responsibilities include:

• Pro-Rector, Lahore School of Economics.

• Co-Director, Innovation and Technology Centre, Lahore School of Economics.

• Head, Quality Assurance Cell, Lahore School of Economics.

• Editor, Lahore Journal of Economics.

• Member of the Senate, Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan.

• Member of the Board, Punjab Innovation Development Fund, Government of the Punjab.

• Member of Board, Punjab Education Foundation (PEF).

• Invited Researcher, Abdul Latif Jameel Poverty Action Lab (J-PAL), Massachusetts Institute of Technology.

• Research Affiliate, International Growth Centre (IGC), DFID, UK.

• Research Supervisor (MPHIL and PhD).

• o Higher Education Commission of Pakistan (HEC) Approved PhD Supervisor.

  o PhD Economics (completed thesis: Dr. Maryiam Haroon, Dr. Farah Said and Dr. Ayesha Afzal).

• o MPHIL Economics (completed theses: (i) Rabia Ikram, (ii) Rabia Arif, (iii) Maryiam Haroon, (iv) Marjan Nasir, (v) Zehra Gardezi, (vi) Taimoor Naseer, (vii) Mahnoor Asif, (viii) Saba Firdousi, (ix) Hafsa Tanveer, (x) Mehreen Zahid, (xi) Mehreen Irshad, (xii) Ammara Riaz, (xiii) Tahreem Zia and (xiv) Nayab Kanwal).