Review of Economics and Development Studies (READS) (E-Journal)
Not a member yet
310 research outputs found
Sort by
Farm Households’ Willingness to Pay for Forestation Based Soil Conservation Program on Communal Land in Bagh District, Kashmir
Get PDFThis study investigated farmers’ willingness to pay (WTP) for a forestation based soil conservation program on communal land in district Bagh, Kashmir. Data were collected from a random sample of 180 farm households on a well-structuredquestionnaire possessed with a contingent valuation question. Majority of the sampled farm households reported moderate to high water erosion problem and their mean annual WTP for the soil conservation program was 214 for 10 years. This suggests that sufficient funds can be generated from local stakeholders for the implementation of the soil conservation program
Institutional Quality, School Enrolment and Mobile Subscribers in Economic Community of West African States (ECOWAS-5): Impact on FDI using Panel Data
Get PDFBasically, the quality of institution, human capital (schoolenrolment) and infrastructure (mobile subscribers) are significant determinants of foreign direct investment (FDI). With exception of few studies on corruption, however, empirical research on the link between infrastructure, human capital and FDI remain limited. Particularly in the context of Economic Community of West African States (ECOWAS). This paper aims to examine the linkage between infrastructure (mobile subscribers, corruption, schoolenrolment), and Foreign Direct Investment (FDI) among selected ECOWAS countries using panel data techniques for the period of 1990-2015. The methodology carried out to achieve this objective involves the panel unit root, panel cointegration and fully modified ordinary least square (FMOLS). The result indicates that, there is long run relationship among the series. Corruption and infrastructure are negatively significantly related with FDI at the long run in the selected ECOWAS countries. The empirical evidence indicates that feeble level of institutions (corruption) and infrastructure impedes FDI inflows in the selected ECOWAS countries. The results confirm that FDI enhancement through role of institution, school enrolment and infrastructure (mobile subscribers) exist not only in the transition nation but also in the selected ECOWAS countries
An Empirical Analysis of Economic Performance of Asian Economies: The Role of Electronic Government
Get PDFInformation and communication technology (ICT) plays a key role in explaining the growth patterns of an economy. Many of Asian economies have exhibited high growth patterns in recent years. What explains economic performance of Asian economies? Does implementation of ICT in public sector matters for the growth of Asian economies? To answer this question, this study analytically explores and empirically tests the linkages of ICT in public sector with economic performance reusing the panel data of 34 Asian economies over the period 2003-2015. For empirical analysis, this study uses Fixed Effects, Random Effects, and System Generalized Method of Moments (SGMM) estimation techniques. The empirical results show that e-government plays a positive and significant role in economic performance of the Asian economies. This finding remains robust even after controlling the effects of trade, government consumption and inflation
An Overview of English Language as a Window of Economic Opportunity in Pakistan
Get PDFThis paper overviews the worth of English language learning in Pakistan through the lens of economic cost and benefit comparison. The value is explored from theoretical perspective, using the theoretical construct of economic value of a language proposed by Francois Grin, which is applied in conducted interviews and reviewing the existing literature on language policy and planning of Pakistan. The paper finds that English language, due to the colonial legacy, enjoyed a privileged position in sociopolitical structure of the nascent Pakistani state. The historical entrenchment of English language created a system of values ensuring its domination in sociopolitical domains. Values in these domains determined differentiated earnings, costs and benefits for sociopolitical strata of Pakistan. The historical evolution structured these domains in such a way that the incumbency of English overcame challenges to its privileged position. The current growth of English language predicts continuation of its global and local domination in the foreseeable future
Shari’ah Appraisal of Mortgage backed Sukuk issued by Financial Institutions for House Financing in Naya Pakistan Housing Program: An Analytical Study
Get PDFThis article is focused on conducting the Shar??ah evaluation of mortgage backed sukuk by financial institutions in Pakistan under Naya Pakistan Housing Program for house financing. The financial product should strictly comply with the directives of Shar??ah. This research work explores the structure of mortgage backed sukuk to spotlight the efficacy of mortgage backed Sukuk in house financing projects. Furthermore, this study discusses the Shar??ah rulings with respect to the contract of Rahn. This endeavor is made to indicate Shar??ah requirements pertaining to the validity of financial product of mortgage backed sukuk for house financing. This research article finds that the present government should adopt the financial product of mortgage backed sukuk for house financing under Naya Pakistan Housing Program because structure of mortgage backed sukuk is Shar??ah compliant and Shar??ah based. Pakistan is a candidate of Shar??ah compliant housing finance because of constitutional responsibility of state of Pakistan under article 2-A and 227 of Constitution of Pakistan, 1973. Finally, suggestions have been put forward to issue mortgage backed securities for house financing project to the government of Pakistan
Technology and Economic Growth: Role of Financial Development in South Asian Countries
Get PDFFinancial development plays an instrumental role in the process of economic growth and development through mobilization of savings and creating investment opportunities. Financial development also leads to enhance the level of technology by providing finance to entrepreneurs for technological innovations which leads to economic growth. This study examines the impact of financial development and technology on economic growth of selected South Asian countries over the time span 1984-2017. Due to endogeneity problem, the empirical model used in the study is estimated by System Generalized Method of Moment (System GMM). Empirical results indicated that financial development, technology and human capital have positive and significant impact on economic growth in developing South Asian countries. To attain a sustainable economic growth, South Asian countries should put their efforts to develop their financial market that stimulates economic growth by providing finance to entrepreneurs for innovations
The Construction of Factuality in Pakistan’s Legal Discourse: A Stylistic Analysis of Logical Fallacies
Get PDFFactuality remains the highest virtue of a legal text. The paper finds how this virtue is jeopardized by the presence of logical fallacies. The stylistics analysis is performed for identification of linguistic features of logical fallacies in legal language. Two randomly selected verdicts of the Supreme Court of Pakistan are selected for analysis. Analysis of verdicts reveals that factuality is compromised by fallacies with distinctive stylistic features. These features include the fallacies of relevance, defective induction and ambiguity. Lexical choices, syntactically complicated structure and graphological markers of style contribute to the formation of these fallacies. The findings establish that stylistic aspect themselves contribute to the projection of fallacies in verdicts, therefore, the study recommends avoiding stylistic formulae of the legalese or legal registers which lead to the formation of logical fallacies in the legal language
Globalization and Macroeconomic Instability: Evidence from Unemployment in Pakistan
Get PDFGrowing population in the present globalized world is a challenge for the developing to engage the increasing labour force in productive environment. The creation of new employment opportunities is not easy to handle with existing resources (lack of capital both physical and financial) and became a more intense challenge for policy maker. Fairley free transaction also affect employment/unemployment in developing countries. Therefore, this study aimed to examine the impact of globalization on unemployment in case of Pakistan for the period of 1980-2017. Globalization is measured by three different forces i.e. Trade flows, FDI flow and Remittances flow. To estimate the responsiveness of unemployment to globalization ARDL co-integration techniques is employed. Bound test confirmed co-integration relationship between the variables under consideration. The results of short run and long run estimates showed that globalization forces affected unemployment in Pakistan. Globalization in the shape of trade affects unemployment directly while the impact of remittances is negative to unemployment. The impact of FDI is positive but insignificant. Therefore, this study suggests that proper attention should be paid toward policy formulation regarding trade and remittances inflow to increase employment opportunities in Pakistan. Globalization should be perused with adequate policies that will certainly smooth macroeconomic environment of Pakistan. 
Impact of Psychological Empowerment on Job Performance of Teachers: Mediating Role of Psychological Well-being
Get PDFThis study was carried out to investigate the impact of psychological empowerment and psychological well-being on the performance of teachers and to explore the effect of psychological well-being as a mediator between psychological empowerment and performance. Convenience sampling was used to collect data from 261 secondary school teachers through a survey questionnaire in this cross-sectional study. The collected data was statistically analyzed by using SPSS software 23. Coefficient correlation, multiple regression and mediation analyses were carried out in pursuance of study objectives. It was found that psychological empowerment and well-being were significantly and positively related to job performance of teachers. Moreover, results showed that psychological well-being partially mediated the relationship between psychological empowerment and well-being. When teachers perceive higher level of psychological factors (viz. psychological empowerment & well-being), they perform better. Therefore, it is essential for administrators and executives to attend to psychological factors of teachers in order to increase their performance
Determinants of Competitiveness of Business Schools in Khyber Pakhtunkhwa: Faculty’s Perspective
Get PDFPurpose- The present study was an attempt to enhance the understanding on the competitiveness of business schools (Bschools) and identify the most influential determinants that affect competitiveness of Bschools in Khyber Pakhtunkhwa from faculty’s perspective.
Methodology- The current study followed the quantitative approach. The sample size was 261 determined by formula of Yamane (1967) and respondents were selected using stratified probability sampling technique. Data was collected through questionnaire using 5-point Likert scale. Principal Component Analysis was applied to assess unifactoriality of the constructs. Hypothesis of study assuming relationship between independent and dependent variables were tested using SEM.
Findings- Findings of the study suggests that Teaching staff, Employment prospects, Gender diversity, Leadership and management significantly and positively affect the Competitiveness of Bschools (P< 0.05). On other hand, Industry and Internationalization aspects were found to have significant negative effect on competitiveness of Bschools (P<0.05).
Originality/Value- The present study can help the management of business schools to focus on the areas that can increase the competitiveness of business school to meet the challenges of globalization. Moreover, competitiveness was measured using satisfaction and reputation and the empirical testing of effect of determinants on competitiveness of business schools are the theoretical contributions of the study.