Mahmood -ur- Rahman PhD Student, GSICS, Kobe University, Japan   5-1-13, isogami dori, chuo-ward flat 403 kobe, hyogo 651-0086 Japan   mahmood_gsics_ku@yahoo.com             JEL Areas: E6 : Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General F4 : Macroeconomic Aspects of International Trade and Finance: General