Ph.D. Economics, Stanford (1978). Four decades of teaching and research in econometrics, statistics and Islamic economics. Download the full CV (PDF).
Education
| June 1978 | Ph.D. (Economics), Stanford University |
| June 1976 | M.S. (Statistics), Stanford University |
| June 1974 | B.S. (Mathematics), Massachusetts Institute of Technology |
Positions held
| Oct 2023 – Apr 2026 | Head of Department | Economics Department, Akhuwat University, Lahore |
| Jan 2015 – Mar 2022 | External Member | Monetary Policy Committee, State Bank of Pakistan |
| Dec 2013 – Mar 2019 | Vice Chancellor | Pakistan Institute of Development Economics (PIDE), Islamabad |
| Dec 2002 – Dec 2013 | Director General, IIIE | International Islamic University, Islamabad |
| July 1999 – Dec 2002 | Professor of Economics | Lahore University of Management Sciences |
| June 1993 – July 1999 | Professor of Economics | Economics Dept., Bilkent University, Ankara |
| July 1991 – June 1993 | Associate Professor | Economics Dept., Johns Hopkins University |
| Aug 1985 – July 1991 | Associate Professor | Economics Dept., Columbia University |
| Aug 1984 – July 1985 | Assistant Professor | Economics Dept., Columbia University |
| Sept 1978 – June 1984 | Assistant Professor | Economics Dept., University of Pennsylvania |
| July 1981 – Dec 1982 | National Visiting Professor | AERC, University of Karachi (on leave from U. Penn) |
| Sept 1980 – June 1981 | Visiting Assistant Professor | California Institute of Technology (on leave from U. Penn) |
| Sept 1977 – June 1978 | Visiting Prof. / Post-Doc | Center for Operations Research and Econometrics, Université Catholique de Louvain, Belgium |
| June 1976 – Sept 1976 | Economist | International Monetary Fund, Washington, D.C. |
Note: on leave from the University of Pennsylvania, Sept 1980 – Dec 1982.
Publications
Three books and 98 articles and chapters, 1981 to the present, are listed with links at asadzaman.net/publications. Citations to date: 3,600+ (Google Scholar).
Theses supervised
Ph.D. Theses
- Waqar Masood Khan, Towards an Interest Free Islamic Economic System: A Theoretical Analysis of Prohibiting Debt Financing. Boston University, 1984.
- Han Yung-Jung, Bayesian Tests for Ricardian Equivalence. Johns Hopkins University, 1993. (Supervisor: Dr. L. Maccini)
- Sidika Basci, Computer Intensive Techniques for Model Selection. Bilkent University, May 1998.
- Mehmet Orhan, Robust Regression, HCCM Estimators, and an Empirical Bayes Application. Bilkent University, May 1999.
- Yasemin Bal-Gunduz, The Estimators of Random Coefficient Models. Bilkent University, May 1999.
- Asiye Özlem Önder, Asymptotic Expansions for Test Statistics and Tests for Normality Based on Robust Regression. Bilkent University, June 1999.
- Zahid Asghar, Sensitivity and Simulation Analysis of Granger Causality: An Empirical Investigation. Pakistan Institute of Development Economics, 2007.
- Saima Mahmood, Efficiency Wages and Non-Monetary Motivational Strategies: An Experimental Approach. Pakistan Institute of Development Economics, 2011.
- Mohammad Rehman, Resolving Controversies about Determinants of Inflation. IIIE, International Islamic University Islamabad, 2011.
- Atiq-ur-Rahman Kashmiri, Model Specification and Unit Root Tests. IIIE, International Islamic University Islamabad, 2011.
- Iftikhar Hussain Adil, Detecting Outliers in Skewed Distributions. IIIE, International Islamic University Islamabad, 2012.
- Mumtaz Ahmed, Analytical Formulae for Biases of Heteroskedasticity Consistent Covariance Matrix Estimators. IIIE, International Islamic University Islamabad, 2012.
- Saud Ahmed Khan, Hedging: An Islamic Approach. IIIE, International Islamic University Islamabad, 2013.
- Tanweer-ul-Islam, Testing for Normality: New Directions in Test Comparisons. IIIE, International Islamic University Islamabad, 2013.
- Ateeq-uz-Zafar, Islamizing Insurance in Pakistan. IIIE, International Islamic University Islamabad, 2014.
- Rafi Amir-ud-Din, An Inter-Temporal Comparison of International Poverty as an Achieved Functioning Deprivation. IIIE, International Islamic University Islamabad, 2014.
- Mudassar Rashid, Model Specification Methods: Comparison of Autometrics with Other Strategies. IIIE, International Islamic University Islamabad, 2014.
- Ateeq-ur-Rehman Irshad, Comparison of Parametric and Non-Parametric Approaches to Measure Performance: Theory and Applications. IIIE, International Islamic University Islamabad, 2014.
- Asad-ul-Islam Khan, Theoretical and Empirical Comparison of Cointegration Tests. IIIE, International Islamic University Islamabad.
- Muhammad Irfan Malik, Modeling Financial Time Series in the Presence of Outliers. IIIE, International Islamic University Islamabad.
- Waqar Muhammad Khan, Assessing Independence in Time Series. IIIE, International Islamic University Islamabad.
Ph.D. Theses — Committee Member / Co-Supervised
- Sajid Amin Javed, Uncertainty, Foreign Direct Investment and Economic Growth: Evidence from Developing Asia. IIIE, International Islamic University Islamabad, 2012. (Supervisor: Prof. Dr. Nasim Shah Shirazi)
- Hendri Samsul Bahri, Export Led Growth Hypothesis: An Analysis of Indonesia’s Trade Policy Pre and Post 1997 Financial Crises. IIIE, International Islamic University Islamabad, 2012. (Supervisor: Prof. Dr. Nasim Shah Shirazi)
- Muhammad Azhar Khan, Determinants of Basic Need Fulfillment: The Case of Pakistan. IIIE, International Islamic University Islamabad, 2012. (Supervisor: Prof. Dr. Nasim Shah Shirazi)
M.Phil. / M.S. Theses
- Syed Kanwar Abbas, Efficiency Wage Hypothesis in Pakistan. M.Phil., IIIE, IIUI, November 2006.
- M. Faiz-ur-Rahim, Aspects of Corruption Measurement. M.Phil., IIIE, IIUI, December 2006.
- M. Shahid Razzaque, The Ultimatum Game: Experimental Evidence on the Effect of Gender and Raising Stakes. IIIE, IIUI, March 2008.
- Mubashir Mukhtar, Islamic Microfinance: Business in the Name of Welfare. M.S., IIIE, IIUI, May 2009.
- Taseer Salahuddin, Poverty Measurement: A Multidimensional Approach. M.S., IIIE, IIUI, October 2010.
- Gulfam Haider, Changing Points and Parameter Instability with Heteroskedastic Models. M.Phil. Econometrics, IIIE, IIUI, 2012.
- Khan Bahadar, Bayesian and Frequentist Approaches of Estimation: A Forecast Based Comparison on Panel Data. M.Phil. Econometrics, IIIE, IIUI, 2012.
- Asad-ul-Islam Khan, Comparison of Different Measures of Correlation for Categorical Data. M.Phil. Econometrics, IIIE, IIUI, 2012.
- Abdul Ghafar Shah, Getting the Result That You Want from the Unit Root. M.Phil. Econometrics, IIIE, IIUI, 2012.
- Muhammad Irfan Malik, Spectral Density Estimators and Ng-Perron Unit Root Test. M.Phil. Econometrics, IIIE, IIUI, 2012.
- Mubashir Mukhtar, Investigating Causes of Inflation in Pakistan: Incorporating Paradox of Monetary Profits. M.S. Economics, IIIE, IIUI, 2012.
- Shahid Akbar, Detecting Outliers in Stock Returns. M.S. Econometrics, IIIE, IIUI, 2013.
- Rana M. Imran Irshad, Testing for Unimodality. M.S. Econometrics, IIIE, IIUI, 2014.
- Abdul Waheed, Comparison of Cointegration Tests. M.S. Econometrics, IIIE, IIUI, 2014.
- Rubina Kiran, Welfare Impact of Rising Food Prices on Households in Pakistan. M.S. Economics, IIIE, IIUI.
- Mamoona Sadaf, Provincial Trade and Virtual Water Flows in Pakistan. M.S. Economics, IIIE, IIUI.
- Munazza Jabeen, A Comprehensive Look at Modelling Exchange Rate Volatility by Macroeconomic Fundamentals in Pakistan. M.S. Economics, IIIE, IIUI.
- Uzma Bashir Awan, Determinants of Corporate Philanthropy: A Case of Karachi Stock Exchange. M.S. Economics, IIIE, IIUI.
M.A. Theses
- Kerem Tomak, Evaluation of the Goldfeld-Quandt Test and Alternatives. Bilkent University, June 1994.
- Sidika Basci, Detecting Structural Change when the Change Point is Unknown. Bilkent University, May 1995.
- Mehmet Orhan, Comparison of Several Estimators for the Covariance of the Coefficient Matrix. Bilkent University, September 1995.
- Mustafa Cenk Tire, Bootstrap and Its Applications. Bilkent University, September 1995.
- Yener Kandogan, Predictive Residual Sum of Squares Compared with J and JA in Nonnested Hypothesis Testing. Bilkent University, May 1996.
- Arzdar Kiraci, Robust Regression and Applications. Bilkent University, September 1996.
- Faker Zouaoui, Quality Measurement Plan Using Monte Carlo Methods. Bilkent University, May 1997.
Last updated September 2026.