Journal of Applied Economics and Business Studies最新文献

{"title":"University Teachers’ perspective on HEC’s Faculty Appointment Criteria: An Interpretive Phenomenological Analysis","authors":"S. Irshad, Sadia Irshad, Sadaf Kashif","doi":"10.34260/jaebs.526","DOIUrl":"https://doi.org/10.34260/jaebs.526","url":null,"abstract":"System devised by the Higher Education Commission (HEC) for Higher Education Institutions (HEI) aims to promote innovation and develop human capital. The efficiency of the system is ascertained if it could help in recruitment and retention of faculty members. Therefore, the study of faculty members' perspective on HEC’s Faculty Appointment Criteria (FAC) is needed to determine whether it motivates and facilitates them. This study reports the faculty’s perspectives on FAC. This qualitative interpretive phenomenological study gathers data using a semi-structured questionnaire for interviewing. The analysis reveals that the criteria do not cover the overall performance of faculty members and is only based upon minimum qualification, duration of service and number of publications. There is a dire need of reviewing the current appointment criteria and for that the involvement of all stakeholders is suggested to devise a profound scheme for better human resource development at HEIs of Pakistan.\u0000 ","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"128 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124809992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of Bank-Specific, Corporate Governance and Environmental Factors on Bank Efficiency and Profitability in Pakistan","authors":"Hafiz Muhammad Athar, Sumayya Chughtai","doi":"10.34260/jaebs.525","DOIUrl":"https://doi.org/10.34260/jaebs.525","url":null,"abstract":"The study aims to investigate the impact of bank-specific, board structure, gender diversity, and environmental factors on bank efficiency and profitability in Pakistan by taking a sample of seventeen commercial banks for the period 2013-2018. Data envelopment analysis (DEA) and return on assets (ROA) are used as a proxy to measure bank efficiency and profitability. Panel estimation techniques and Generalized Method of Moments (GMM) are used to conceptualize the research framework and to test the hypotheses. The findings indicate a negative relationship of non-performing loans, advances, level of involvement of women into other committees, and CSR index with ROA; while more presence of women on board reveals a positive and significant impact on ROA that is consistent with critical mass theory. However, CEO duality shed a positive impact on technical efficiency; while bank size signifies an inverse relationship with ROA and technical efficiency. Moreover, deposit influences ROA positively; while board size finds a positive and significant relationship with ROA and technical efficiency.  The findings are important for various stakeholders as they can efficiently take their decision-making to better understand the factors influence bank performance. This study recommends future researchers do the same research by inculcating a larger sample size.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127397777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of Institutional Quality on Bilateral Exports: Exploring the role of Development","authors":"M. Chishti, B. Hussain, Muhammad Aqib Khursheed","doi":"10.34260/jaebs.522","DOIUrl":"https://doi.org/10.34260/jaebs.522","url":null,"abstract":"This study uses the gravity model to analyze the homogeneous and heterogeneous effect of institutional quality and development on bilateral exports. We use the panel data of 61countries for the period 2000 to 2016 and employ the Poisson Pseudo Maximum Liklihood (PPML) econometric technique with a High-Dimensional fixed effect (HDFE) for an estimation that allows the analysis in the presence of high dimensional fixed effects. The findings reveal that the direct effect of institutional quality and level of development on bilateral exports is positive and significant. Further, the institutional quality and the level of development of the exporter country have more impact on bilateral exports than that of the importer country. Our estimation results of homogeneity of institutions show that when both trading countries share the same level of institutional quality, it boosts the bilateral exports.  The major finding of this study reveals that the interaction effect of institutional quality and level of development on bilateral exports is positive and significant. High value of interaction term of exporter economy and low value of importer country suggest that interaction effect of institutional quality and level of development on bilateral exports of exporter country have a greater impact than the interaction effect of institutional quality and level of development of importer country due to having the more production and exports facilities in exporter country. Based on the findings, some essential policies are also recommended, followed by some future research gaps.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134447532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Contribution of Agriculture Sector in Economic Growth of Pakistan: An Empirical Analysis","authors":"Sumia Bint Zaman, M. Ishaq, Muhammad Azam Niazi","doi":"10.34260/jaebs.527","DOIUrl":"https://doi.org/10.34260/jaebs.527","url":null,"abstract":"There has been controversy in the field of development economics about the significance of the role of agriculture sector in economic growth. Going through the data, it indicates that agriculture sector is significant contributor to the economy of Pakistan as it contributes about 19% in national GDP. This study was designed to statistically test the contribution of agriculture sector in economic growth of Pakistan through estimation of relationship between agriculture sector and Pakistan’s economic growth using Autoregressive Distributed Lag (ARDL) bounds test and Error Correction Model (ECM). Time series data on selected variables was utilized from 1961-2018. Study found that real agricultural value added has a significant positive impact on real GDP per capita in the long-run where one percent increase in real agricultural value added increases the real GDP/capita by 0.35%. This indicated that the promotion of agriculture sector leaves far reaching effects with respect to economic growth of the country. These results advocated for the development of agriculture sector in line with the long-term goals of economic growth and emphasized in investing in agriculture sector. Coefficient of error correction term (ECT) is -0.62 meaning that if there is any disequilibrium, it will restore @ 62 percent in the first period. Results also proved the importance of capital formation both the physical capital and human capital. Finding suggested that we should investment in human health to enhance the economic growth as suggested by exogenous growth theory. Moreover, it can also be suggested to create conducive environment and economic opportunities to reap the benefits of demographic dividends of decreased mortality in the long-run. As per analysis, maintaining stability is critically important for economic growth. Moreover, literature hypothesize the positive effect of TOT for economic growth, but analysis indicated that TOT has not been able to put any significant impact on economic growth. Further, trend analysis also pointed out that TOT has been fluctuating over the time. It can be inferred from the analysis that there is need to stabilize TOT and restructure the exports of the country to generate the significant positive impact.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127101870","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Trade Liberalization and Labor Demand Elasticities: A Firm-Level Analysis of Pakistan’s Manufacturing Sector","authors":"Dr Muhammad Ramzan Sheikh, Misbah Rauf, I. Hussain, Asad Abbas","doi":"10.34260/jaebs.524","DOIUrl":"https://doi.org/10.34260/jaebs.524","url":null,"abstract":"The study investigates the linkage of trade liberalization and labor demand elasticities in Pakistan. The panel data are used by selecting 13 industries in Pakistan's manufacturing sector for the years 1995-1996, 2000-2001, and 2005-2006. The Pooled OLS technique is applied to get the estimates at an aggregated level and disaggregated levels. Overall findings support the positive relationship between trade liberalization and labor demand elasticity in production workers but in the case of non-production workers, the findings show the weak relationship between trade liberalization and labor demand elasticity. The study is also furnished with some policy recommendations.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134538680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Safety Performance and Occupational Injuries of Workers (OIW): A DEA Efficiency Analysis","authors":"M. Noman, A. Fatima, Nooreen Mujahid","doi":"10.34260/jaebs.523","DOIUrl":"https://doi.org/10.34260/jaebs.523","url":null,"abstract":"The rapid pace of industrialization and sectoral transformation have not only induced rapid economic progress yet also engaged policy think tanks to consider the safety performance due to the increasing rate of injuries. These increasing workplace hazards have affected occupational efficiencies as well as worker’s performance. Hence, a comprehensive analysis of occupation injuries of workers (OIW) is crucial to determine the safety performance of high and low-risk industries in Pakistan. This study aims to incorporate the OIW for the estimation of the safety performance of industries employing Data Envelopment Analysis (DEA). This non-parametric technique allows calculating relative efficiencies incorporating inputs and outputs (both desirable and undesirable). The findings of the SBM-DEA model and sensitivity analyses pointed out improvements in the farm sector and demanded more comprehensive analyses for the non-farm sectors.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134030040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Tobacco Farming and Illness Induced Poverty in Pakistan","authors":"M. Shahzad, A. Shah, F. Chaloupka","doi":"10.34260/JAEBS.521","DOIUrl":"https://doi.org/10.34260/JAEBS.521","url":null,"abstract":"Tobacco has been projected for its economic prosperity in Pakistan and many other developing countries while the opportunity cost of domestic labor, health issues and associated health cost related with tobacco farming are often overlooked. Various health conditions associated with tobacco farming result in catastrophic health expenditures which not only increase the chances of poverty head counts but also deepens it further. Taking into account the opportunity cost of domestic labor and health cost associated with tobacco induced illnesses obscure the tobacco prosperity rhetoric. This study examined effect of incremental health cost associated with tobacco farming on poverty head counts and severity. Using survey data from the tobacco producing districts in Khyber Pakhtunkhwa, Pakistan, this study found that tobacco farmers experienced higher proportion of sever health hazards and illnesses like CVD and respiratory issues.  The severe nature of ailments caused them higher share of out of pocket expenditures as compared to non-tobacco farmers and general population. Increase in health expenditures not only increased their poverty head counts by four and half percent but also severity of poverty worsened further by 8 percentage points using the Cost of Basic Needs (CBN) approach for measuring poverty. This study concludes that it is not only tobacco consumption associated with various health conditions but also tobacco farming. It is recommended that health cost associated with tobacco farming be considered both in setting up of minimum indicative prices for tobacco and consideration of health cost can be used as a tool against prosperity rhetoric which is used to block tobacco control policy.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126709288","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Asset Prices and Velocity Decline: An Empirical Investigation","authors":"Hina Shafiq, W. S. Malik","doi":"10.34260/JAEBS.510","DOIUrl":"https://doi.org/10.34260/JAEBS.510","url":null,"abstract":"The quantity theory of money lost much of its significance in 1980s due to the phenomenon of velocity decline and consequent instability of the money demand function; missing financial transactions and asset prices were believed to be responsible (Borio, Kennedy and Prowse, 1994; and Werner, 2012). This study, therefore, uses asset prices for Pakistan to explain the velocity decline phenomenon in a regression model as well as in Vector Error Correction Model (VECM) using quarterly data for the time period 1981Q1-2018Q2. The study finds significant role of asset price index in explaining income velocity of money with a negative effect. Moreover, the sub-sample regressions show that asset prices are helpful in explaining velocity decline phenomenon for the time period 1981-1998 and 2008-2018 but not for 1998-2008. Moreover, there are brief periods in the sample when velocity actually increased despite an overall declining trend. To explain those short term reversals in velocity trend, the study uses indicator function. Results show that the increase in velocity for brief periods is also explained by asset prices","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123743033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"An Analysis of Food Insecurity in Pakistan: Prevalence of Undernourishment (PoU) and Food Insecurity Experience Scale (FIES)","authors":"G. S. Afridi, A. Jabbar, Shahzad Khan, N. Akmal","doi":"10.34260/JAEBS.519","DOIUrl":"https://doi.org/10.34260/JAEBS.519","url":null,"abstract":"This study covers only SDG target 2.1 (2.1.1-Prevalance of Undernourishment and 2.1.2-Food Insecurity Experience Scale). Though FAO is the custodian organization for estimating these targets across the globe, however, it is the first ever attempt for estimating these targets by PARC-MNFS&R. HIES data for the year 2018-19 has been used for estimation of these targets and compared with the results of HIES-2015-16 estimated by FAO. According to the results 18.38 percent households are undernourished in Pakistan and this situation is worse in urban areas (23.43%) compared with rural areas (16.61%). Punjab has highest proportion of undernourished individuals/households with 21.48 percent followed by Sindh province with 17.40 percent households. Khyber Pakhtunkhwa has the lowest proportion of 12.67 percent and Baluchistan with 16.95 percent households. National level results of FIES supports the results of PoU except urban/rural order. According to FIES results, about 16 percent of the households (individuals) are moderate and/or severe food insecure with more than 02 percent as severe food insecure in Pakistan. Sindh province shows highest proportion with more than 19 percent followed by KP province with nearly 17 percent households as moderate and severe food insecure.  However, highest proportions of more than 03 percent households were found as severe food insecure in Punjab province. In conclusion Pakistan has shown tremendous achievements towards the Zero Hunger Targets by 2030, however, more efforts are needed for sustainable agriculture and food system in order to address the food insecurity level through better access and availability of food. Awareness campaign about healthy and nutritious food intake, and measures for adoption of dietary guidelines are recommended for preventing undernourishment.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127566770","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Contribution of Spatial Concentration in Exaggerating Inequalities: Across Various Urban Regions of Pakistan","authors":"Uzma Tabassum, S. Alam, A. Fatima","doi":"10.34260/JAEBS.449","DOIUrl":"https://doi.org/10.34260/JAEBS.449","url":null,"abstract":"Industrial agglomeration and inequalities are much of the concerns in recent literature. Pakistan, being a developing country, is also restricted by resource availability to treat all regions equally with respect to investment and development. As a result, regions with growing agglomeration experience higher income levels relative to other regions. To investigate this empirically this study employed propensity score matching (PSM) across urban regions in Pakistan using Labour Force Survey data 2017-18. For agglomeration regional herfindhal indices were estimated and regions with above average index value along with having positive index growth were considered as treated or agglomerated regions. The positive and significant coefficient of regions with treatment signifies that regions with agglomeration were found to have higher relatively income. Hence introducing industrial concentration in untreated regions would be effective in reducing inequalities rather tackling them by reducing agglomeration in agglomerated regions.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131540514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}