Empirical Applications of Contemporary Economic Theories

The book consists of two studies. The first of them attempts to find the relationship between women's educational enrollment and their workforce participation rate in Bangladesh. Specifically, the study investigates how women's enrollment in schools influence their participation rate in the national workforce. To test the relationship between female education and workforce attendance, the authors have used secondary data from (World Development Index) WDI to run simple linear regressions to find out the nature of the relationship between the relevant factors. The results indicate to a positive impact of women's enrollment rate in the female labour force participation rate. The study has also found a positive relationship between women's cash income and their participation rate in the workforce.

In the second study, the authors have tried to investigate the factors that affect trade among the following countries: KSA, Qatar, and UAE. They have tried to explore factors such as the size of the economy and the geographical distance between them, and find out their influence, if any, on trade. The study is based on the Gravity Model of international trade that postulates that trade between countries are positively related to the size of the economy and negatively related to the geographical distance between their borders. The aim of the study is to test the theory based on the trade data and find out whether the model fits the real-world data. While the findings may be endemic, it was found that the trading patterns between countries contradict the findings of the Gravity Model.