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Long-run Determinants of Private Saving Behaviour in Pakistan
Full text linkCompared to the rapidly-growing economies of Southeast Asia, the growth performance of the Pakistan economy was significantly weaker during the 1970s and 1980s. While the Southeast Asian countries made substantial progress in improving living standards, the average standard of living, as measured by the GNP per capita, was virtually stagnant in Pakistan over this period. Much of the difference in economic performance between Pakistan and the Southeast Asian countries is often attributed to the low rates of saving and investment in Pakistan.1 Indeed, the differences in rates of domestic investment are often attributed to the differences in rates of domestic saving. Hence, the disparity in the growth performance between Pakistan and the Southeast Asian countries over the past two decades relates to the differences in saving rates, and an understanding of the fundamental determinants of saving in Pakistan assumes critical importance. This paper reviews trend developments in the private saving behaviour in Pakistan, and compares these trends with those seen in the Southeast Asian economies during the period since 1970. Using co-integration analysis, the long-run properties of Pakistan’s saving rate are examined, with a view to identifying the main determinants of saving. The principal finding is that about one-half of the trend increase in saving appears to be related to financial development and deepening. In contrast to the results obtained by Faruqee and Husain (1994) and Husain (1995) for the Southeast Asian countries, demographics appear not to have played an important role in determining saving behaviour in Pakistan, possibly because high rates of population growth during the past three decades resulted in a virtually unchanged demographic structure of the population.
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Ali Husain Mir Interview
No full textAli Husain Mir is a Bollywood lyricist and script writer and a professor of Management at William Paterson University. Mir visited the Hindi Urdu Flagship at the University of Texas at Austin to speak to Flagship students about his career in Urdu literature and Bollywood production. For this interview, Mir sat down with HUF directors, Syed Akbar Hyder and Herman van Olphen, to discuss his background in Urdu and the state of the language in modern India. Mir is the author of Anthems of Resistance, the definitive book on the All India Progressive Writers’ Movement; he is also an acclaimed lyricist and script-writer for Hindi and Urdu films (Iqbal, Dor). Mir’s oeuvre engages issues of religious minorities and secularism in South Asia.Asian Studie
Dr Ishrat Husain calls for empowerment of local govts
No full textThis news piece is about the launch and subsequent panel discussion on ‘Unravelling Gordian Knots: The Works and Worlds of Dr. Ishrat Husain’ held at the Institute of Business Management (IoBM) attended by IoBM President Talib Karim, Javed jabbar, Dr. Mehtab Karim, the author Sibtain Naqvi and Dr. Ishrat Husain himself
Spiritual and Material Substance : A Post Modern Mythologie : Carolyn Pinder, Janice McLaren, Aeyliya Husain
No full textThree artist's statements accompany an exhibition of linocuts by Pinder, photographs by Husain and an installation work by McLaren. Biographical notes
DINASTI POLITIK (REPRODUKSI KEKUASAAN DALAM DINASTI BANI HUSAIN DI DESA SERA TENGAH)
Full text linkDinasti politik merupakan suatu kelompok sosial yang bergerak dibidang
politik dan terbentuk berdasarkan hubungan kekeluargaan/kekereabatan. Pada
praktiknya Dinasti Politik memonopoli kekuasaan dengan melakukan penyerahan
kekuasaan politik dibawah garis keturunan. Keberadaan Dinasti Politik dianggap
menghambat pertumbuhan demokrasi di Indonesia. Dewasa ini, fenomena Dinasti
Politik telah menggejala diberbagai daerah dari berbagai tingkatan yang ada di
Indonesia.
Fenomena Dinasti Politik yang terjadi di Desa Sera Tengah tak lepas dari
kemampuan Dinasti Bani Husain dalam mereproduksi kekuasaan berdasarkan
hubungan kekeluargaan. Penelitian ini dilakukan untuk mengetahui bagaimana
reproduksi kekuasaan Dinasti Bani Husain di Desa Sera Tengah. Dalam penelitian
ini menggunakan perspektif elite Robert. D. Putnam. Metode yang digunakan
dalam penelitian ini adalah pendekatan kualatatif-deskriptif. Informan dalam
penelitian ini ditentukan berdasarkan kriteria yang telah ditetapkan sesuai dengan
topik penelitian, jumlah informan yang terlibat sebanyak lima informan.
Sedangkan lokasi penelitian dalam penelitian ini terletak di Desa Sera Tengah,
Kecamatan Bluto, Kabupaten Sumenep, Madura.
Hasil dari penelitian ini menemukan bahwa Dinasti Bani Husain
mereproduksi kekuasaan dengan membangun jaringan kekuasaan yang terbentuk
berdasarkan hubungan kekeluargaan. Di dalam pemerintahan desa, dinasti ini
menempatkan anggota keluarganya diberbagai posisi strategis. Selain itu, kiyai,
juragan, bleter, dan tokoh masyarakat merupakan jaringan kekuasaan yang
dimiliki Dinasti Bani Husain. Reproduksi kekuasaan dalam Dinasti politik
berorientasi pada keuntungan materi, mempertahankan harga diri, serta untuk
melanjutkan tradisi keluarga yang telah belangsung secara turun-temurun
The menu approach to developing country external debt : an analysis of commercial banks'choice behavior
Full text linkThis study provides evidence that bank characteristics are significant determinants of commercial-bank choice behavior when confronted with a menu of options. It develops a theoretical model of bank choice behavior and empirically tests its implications using data from the 1988 Brazilian financing package. The empirical results show that bank characteristics are capable of explaining over 80 percent of this choice. One of the main implications of the theoretical model is that under risk-neutrality assumption, financially stronger and more exposed banks prefer to exit. The findings have several important implications for the new debt reduction strategy. (i) First, larger debt reductions operated on a market basis are more costly, per unit of debt reduced. In order to increase debt reduction, weaker banks must be convinced to exit, increasing the needed exit price. (ii) Second, the exit price depends on the strength of the banking industry, and thus, the effectiveness of the present debt strategy is affected by changes in the world economy. In periods of booms, banks become stronger and exit prices are reduced. (iii) Third, regulators can affect the cost of debt reduction by altering the regulatory framework within which the banks operate. (iv) Fourth, LDC debt reductions are beneficial to the deposit insurance agencies of the major creditor nations.Financial Intermediation,Economic Theory&Research,Municipal Financial Management,Financial Crisis Management&Restructuring,Banks&Banking Reform
FIGURE 1 in A new species of the Genus Delphinium (Ranunculaceae) from Lahul Valley of Himachal Pradesh, India
No full textFIGURE 1. Type specimen, Delphinium lahulensis Agnihotri, Husain & Husain sp. nov., J. D. A. Stainton 8840 (BM)Published as part of Agnihotri, Priyanka, Husain, Danish & Husain, Tariq, 2014, A new species of the Genus Delphinium (Ranunculaceae) from Lahul Valley of Himachal Pradesh, India, pp. 287-291 in Phytotaxa 186 (5) on page 288, DOI: 10.11646/phytotaxa.186.5.6, http://zenodo.org/record/515379
Zakir Husain díszdoktori oklevele
No full textZakir Husain díszdoktori okleveléről készült fotó. A fotó jobb oldalán látható az oklevél sarkait tartó férfi
The Tortoise and the Hare: A Fable Retold
No full textThe foreword describes this book--in landscape format, about 8¼ x 6½, 41 pages long--as a children's story for adults. It was Husain's last book written in Urdu before his death. The story is set in a contemporary Indian scene. A tortoise tries to approach a fast-paced teacher walking to school. After some difficulties in understanding each other, and especially after impatient interruptions from the teacher, the tortoise can ask his question about a race long before between a tortoise and a hare. Did it happen, and who won? The teacher promises to bring a historian the next day to answer the question. Simple full-page illustrations of two and three colors punctuate the story every few pages. The teacher of history is insulted to receive a question about fairy tales, but later recommends that the tortoise ask the Professor of Ancient Culture, Civilisation and Literature the next day. The tortoise wonders what kind of learning humans go in for these days, when a simple, straightforward question ties them in knots (12). The doctor versed in literature begins to answer the question by stating that India and Greece excelled in fables, which reach back to Buddist times in India and are concentrated in the Jataka tales. In Greece the fables are ascribed to Aesop. The doctor breaks into a long disquisition and the tortoise falls asleep. The learned Dr. Philfor walks away. The teacher promises to bring a Professor of Philosophy the next day. The philosopher, Al Phailsuph al Hindi, offers various logical possibilities for understanding the probable or possible course of the race, including one possibility which actually equals the standard telling of the fable. He also includes the race according to Zeno's parodox, according to which, if the tortoise starts in the lead, he must end up winning. The tortoise loves this explanation! Too much discussion has given the philosopher a headache, and he needs to return home. At school, a significant conundrum is raised. A teacher has two students who scored a perfect 50 on a test, but one wrote better than the other and so was given a score of 55 out of 50. Tortoise and hare meet for their race, and tortoise gets his head start of two-and-a-half yards. In the midst of the race, a dog hunts down the hare and kills him! The tortoise is overwhelmed with regret and guilt for getting the hare into this situation. To measure one's own knowledge against another's, to confront one's own method of prayer against another's, to weigh one's own deeds against another's--all this is the way of error. It is a sin and I am guilty of that great sin (41).This is a hardbound book (hard cover)Original language: urdBy Zakir Husain; Translated from the Urdu by Khushwant Sing
Maqbool Fida Husain
No full textOn the life and works of Maqbul Fida Husain, b. 1915, Indian painter; includes reproductions of his paintings
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