Journals of Forman Christian College
Not a member yet
217 research outputs found
Sort by
Financial Repression, Wellbeing and Financial Stability: The African perspective
Full text linkAmidst the rising sovereign debt levels and inflation crisis following COVID-19, governments around the world contemplated reintroducing financial repression which has significant economic implications. Although these implications have been empirically examined, there is still limited literature on the effect of the policy on wellbeing and financial stability. This study examines the impact of financial repression on human wellbeing and financial stability with data spanning 2000-2019 in ten African countries using dynamic panel framework estimated with GMM strategy. The study finds that financial repression weakly but significantly and directly impact wellbeing and financial stability, and the macroeconomic environment negligibly influences repression effect on wellbeing but significantly influences repression effect on financial stability. Except interest rate controls, repressive high bank reserve ratio is good, but should be at moderate level to improve financial stability and human wellbeing, and some level of inflation is necessary to optimize repression benefits. Using more of the financial repression (FR) policy toolkits as proxy for FR could have captured repression better, instead of employing interest rate control and bank reserve ratio only. This nonetheless, will not adversely affect the findings since most of the FR toolkits are interconnected, and a trigger of one can trigger the others
Is there a distinct Islamic Public Administration? The Case of Pakistan, an “Islamic” State.: Raja M. Ali Saleem
Full text linkThe role of religion in human life and at the societal level is being debated, restructured, renegotiated, and transformed all over the world. Although the twin orthodoxies – religion is everything or nothing – still exist, debates and negotiations are no longer limited to two extremes. Pakistan is seen by many as an Islamic state where Islam permeates all aspects of the state. Is there a distinct Islamic public administration framework, and does it exist in Pakistan? This paper intends to probe and unpack Islam’s role in public administration by first analyzing Islamic provisions in Pakistan’s three constitutions and Islamic laws, and then probing fifteen experienced bureaucrats regarding Islam’s influence on their work and overall public administration in Pakistan. A purposive sampling technique was used to choose a set of bureaucrats with diversity in terms of gender, type of service, religious observance, and ethnicity. Based on the literature review and the opinion of the bureaucrats, it can be argued that the existence of a distinct Islamic public administration framework is doubtful. The questionnaire results also show that Islam has minimal impact on public administration in Pakista
Relationship between Family Functioning, Mental Toughness and Coping Strategies in Young Adults: Tayyiba Bashir, Mariam Jabeen and Tehreem Kausar
Full text linkThe current research aimed to explore the predictive relationship between family functioning, mental toughness, and coping strategies in young adults. For this purpose, a cross-sectional research design was used and a sample of 160 students was selected by using a convenient sampling technique. Data collection was done using demographic sheet, the Family Functioning Scale, the Mental Toughness Questionnaire, and the Measure of Adolescents Coping Strategies. Results were analyzed using Pearson correlation and simple linear regression. The study found a significant positive relationship among family functioning, mental toughness, and coping strategies in young adults; and that mental toughness is a significant positive predictor of coping strategies. The study concludes with recommendations for improving family functioning, mental toughness, and coping mechanisms in Pakistan which requires a holistic approach that blends professional guidance with general education and awareness sessions
Navigating the Nexus: Unravelling the Forces Shaping Entrepreneurial Aspirations among Media Studies Students: 1.Moneeba Iftikhar 2.Noman Yaser 3.Sehar Ishrat
Full text linkEntrepreneurship has emerged as a catalyst for societal advancement and economic prosperity in today\u27s global context. This study explores and unveils the factors influencing entrepreneurial aspirations among students within media studies. Based on the Theory of Planned Behavior underpinning framework, this study integrates diverse international viewpoints. Using a survey method, the research utilized closed-ended questionnaires to gather data from 170 media students across four esteemed universities in Lahore. This approach facilitates a comprehensive examination of the correlation between entrepreneurial intentions and various factors, including attitudes, parental influences, self-esteem, and the perception of structural support. The research findings illuminate a significant prevalence of entrepreneurial intention among media studies students. Robust connections were substantiated between intention and various factors. In the study, the findings stress the need to foster an entrepreneurial mindset in media studies, driving global progress and innovation
War, Nature and Resilience: Eco-Critical Poetics of Selected Texts by Anthony Doerr
No full textAll the Light We Cannot See (2014) and The Shell Collector Short Stories (2011) by Anthony Doerr depicts each gender\u27s eco-consciousness in relation to their interaction with the environment. This paper puts forward the contention that Anthony Doerr expresses his spiritual ecofeminist philosophy through his writings and portrays his women more interconnected with nature than men. His female characters are involved in deeds of nurture and subsiding of war and show a better tendency to conserve nature. Their interconnectedness with nature results in nature favoring their well-being and survival. The male characters are portrayed as perpetrators of environmental injustice and eco-crisis and hence, nature does not favor the well-being of male characters. This paper discusses selected texts by Anthony Doerr in the light of spiritual ecofeminist theory by Starhawk. It employs Blue Criticism, Critical Animal Studies, Green Criticism, environmental injustice and eco-crisis as sub-theories to deconstruct the impact of each gender on its surroundings. The text is deconstructed to demonstrate that the text has irreconcilably contradictory meanings rather than a unified, logical whole. In Anthony Doerr\u27s ecological realm, women are much closer to nature than men. Therefore, Anthony Doerr, through his literary texts, reveals that the resilience and survival of women in the selected texts is a metaphor for the resilience of Mother Earth.
Testing the Law of One Price A Comparison between Pakistan and Australia
Full text linkThe paper tests the validity of the Law of One Price (LOP) for Pakistan and Australia, where primary commodities constitute a substantial part of these countries’ exports. This paper conducts co-integration analysis to determine the validity of the LOP in the long run. The study deals with the relative purchasing power parity approach to the analysis of exchange rate and relative prices, and covers the period from 1972-1997. The study documents the evidence generally supportive of the law
Rice Policy Reforms of the European Union and its Impact on Rice Exports from Pakistan: Mohammad Aslam
Full text linkThe study of the import rice regime of the EU is important as it has implications for Pakistan. The EU is a sizable importer of rice in the world in terms of volume. Its rank as net importer of rice further improves to 4th when considered in value terms as it is importer of high quality long grain rice. Pakistan is a producer of high quality aromatic rice called ‘basmati’ that fetches premium price in the EU (27) and Middle East. The paper attempts an historical review of the Rice Policy of EU and the transition through which it has passed. Then, there is discussion of present status of the rice regime. This is undertaken against the backdrop of the policy reforms introduced first in 1995-2000 and then post-2003 reforms. These reforms are studied with special reference to their impact on rice exports from Pakistan. The WTO related issues of concern such as reducing domestic support in EU, increasing market access and changing of natural export competitiveness through grant of export subsidies are also reviewed. Finally, conclusions of the study are spelled out along with their policy implications. Pakistan in 2008 emerged as the third largest exporter of rice in the world accounting for 13.8% of the total world exports. Its share of the EU market has also been on the increase in the recent past (around 12%). In order to sustain and further increase its share, it requires to register and protect its ‘basmati’ under GI rule, settle the dispute regarding ‘super basmati’, press for ending quota restrictions, build up indigenous capacity for DNA test, develop expertise for dispute resolution and promote culture of multiple crop
An Analysis of International Income Inequality: Muhammad Idrees and Eatzaz Ahmad
Full text linkThis study measures and decomposes world income inequality between world’s geographic regions during the past two decades using Theil’s two measures of inequality. The study finds that the extent of income inequality has been decreasing over the years mainly because of increasing per capita income in China and to some extent India. Income inequality has been highest, but declining sharply over time in East Asia & Pacific. Sub-Saharan Africa and Middle East & North Africa show moderate income inequalities, while other regions of the world show low inequality. The study finds that the contribution of income inequality between regions has been substantially larger than the contribution of inequality within regions
Role of Foreign Direct Investment and Remittances in the Economic Growth of Pakistan: Fatima Shahid, Sarfraz Hassan, Khuda Bakhsh and Nazia Tabasam
Full text linkForeign direct investment and remittances play an important role in the economic growth of a country by bringing the latest technology, promising better infrastructure, providing foreign capital and generating employment opportunities. The policy environment, macro-economic stability, a sound domestic financial system, good law and order conditions and the availability of cheap energy and skilled manpower are all assumed to be some of the important pre-conditions for foreign direct investment. Remittances, being a reliable alternate source of capital, serve the country well in distressed economic situations. The present study is designed to explore the role of foreign direct investment and remittances on the economic growth of Pakistan by using the Engle Granger Cointegration method. Empirical results suggest that there is a long run relationship between the dependent and independent variables included in the model. Remittances and gross fixed capital formation variables have a positive impact on economic growth in the long run. However, foreign direct investment has a negative effect on the growth because pre-requisites are missing in Pakistan. Result suggests that there is disequilibrium among the variables in the short-run. The disequilibrium that occurs in the previous time period is very rapidly adjusted in the current time period. Improving conditions for attracting foreign direct investment could further increase economic growth in the country
Inequality and Corruption: Evidence from Panel Data: Muhammad Aman Ullah and Eatzaz Ahmad
No full textUsing panel data on International Country Risk Guide (ICRG) corruption index, Gini index of income inequality and a number of state variables for 71 developed and developing countries, this paper explores empirical relationship between corruption and income distribution. The analysis based on Generalized Method of Moments (GMM) estimation shows that corruption significantly contributes to unequal income distribution and this result is robust with respect to alternative specification of the econometric relationship. A central message of corruption and income inequality relationship suggests that corruption has significant distributional implications and, given its negative efficiency implications, corruption should be considered as harmful to both growth and equity. Therefore, policies that reduce corruption will also improve income distribution