Fgls eviews
![fgls eviews fgls eviews](https://64.media.tumblr.com/3c63be6d893be57d621f6a8df42474a4/tumblr_oiyi3xhKSO1v08dono1_1280.png)
For several decades now, it has been a refereed international journal of Economics and related social sciences. The Pakistan Development Review started at the Pakistan Institute of Development Economics as Economic Digest in 1958, The Pakistan Development Review (PDR) has been published by the Institute regularly since 1961, with only a short pause during 1971-72. On the other hand, reduction in non-production worker employment is not unexpected as in case of developing country like Pakistan, trade liberalisation is supposed to displace capital intensive industries that employ most of the non-production (skilled) workers. The negative impact of trade is attributed to the high protection given to most of the inefficient industries in the post liberalisation period. On the other hand, trade liberalisation has a significantly positive impact on wages of production workers, but it has no significant impact on wages of non-production workers. The study comes up with the findings that trade liberalisation has significantly negative impact on employment of both production and non-production workers.
![fgls eviews fgls eviews](https://slideplayer.com/slide/13124815/79/images/45/Hackl%2C+Econometrics%2C+Lecture+4.jpg)
In order to account for endogeniety problem, this study uses the Generalised Method of Moments (GMM).
#Fgls eviews series#
We use a sample of 18 industrial establishments with a time series data covering a period 1970-71 to 2005-06. The present study is an attempt to explore the impact of trade liberalisation on employment and wages of production and non-production workers in large scale manufacturing industries of Pakistan.