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Lahore Journal of Economics
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Full Text Articles

THE LAHORE JOURNAL OF ECONOMICS

Managing Editors
Dr. Azam Chaudhry, Lahore School of Economics
Dr. Theresa Thompson Chaudhry, Lahore School of Economics
Matthew McCartney, Charter Cities Institute

Editors
Ryan Brasher, Simpson University
Phillip Garner, Dixie State University
Momoe Makino, Institute of Developing Economies
Rajah Rasiah, Universiti Malaya
Jamshed Y. Uppal, Catholic University of America

Production Manager
Ms. Ayesha Khanum, Lahore School of Economics

Director of Communications
Ms. Nina Gera, Lahore School of Economics
  
Editorial Advisory Board
Ranil Abayasekara
     University of Peradeniya
Ahmed M. Khalid
     Universiti Brunei Darussalam
Baoyun Qiao
     Shanghai University
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
Syed Kumail Abbas Rizvi
     Lahore University of Management Sciences
Mohammad Arzaghi
     American University of Sharjah
Rocco Macchiavello
     London School of Economics  
Anwar Shah
     Southwestern University of  Finance and  Economics, China
David Atkin
     MIT
Minhaj Mahmud
     BRAC University
Sohaib Shahid
     International Monetary Fund
Shahid Amjad Chaudhry
     Lahore School of Economics
Adeel Malik
     University of Oxford
 Chad Syverson
     University of Chicago
Matthias Cinyabuguma
     World Bank
Inayat Ullah Mangla
     Western Michigan University
Gwendolyn A. Tedeschi
     Manhattan College
Sean Corcoran
     New York University
Ghazala Mansuri
     World Bank
Kensuke Teshima
     Institute of Economic Research (IER), Hitotsubashi University
Giovanna d'Adda
     Politecnico di Milano, University of Birmingham
Nawazish Mirza
     Excelia Université
 Eric Verhoogen
     Columbia University
Javier Arze del Granado
     World Bank
Ahmed Mushfiq Mobarak
     Yale University
Kate Vyborny
     Duke University
Ramani Gunatilaka
     University of Colombo
John Morrow
     University of Essex
Ahmed Kamaly
     Jönköping International Business School
Aamir Rafique Hashmi
     National University of Singapore
Kamal Munir
     University of Cambridge
Christopher Woodruff
     University of Oxford
S. Ajaz Hussain
     University of Toronto
Khalid Nadvi
     University of Manchester
Bushra Yasmin
     Fatima Jinnah Women University
Kazi Iqbal
     Bangladesh Institute of Development Studies
Zareen Naqvi
     Simon Fraser University
Sohail Zafar
     Lahore School of Economics
Sanjay Jain
     University of Cambridge
Ashish Narain
     World Bank
 
Michal Jerzmanowski
     Clemson University
Roshan Perera
     Advocata Institute
 
     
Editorial Staff : Tele. No: 0092 - 42 - 36560969
Telefax : 0092 - 42 - 36560905
E-mail: lje@lahoreschool.edu.pk
Publisher : Lahore School of Economics, Lahore, Pakistan. omics, 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
   

                                                                                                                                                                                                                                      © Lahore School of Economics 2023