{"title":"Consumers’ Willingness to Pay for Fresh-Water Grown Leafy Vegetables","authors":"Salah Udin Buzdar, S. M. Khair, Syed Munawar Shah","doi":"10.34260/JAEBS.446","DOIUrl":"https://doi.org/10.34260/JAEBS.446","url":null,"abstract":"Wastewater-grown vegetables are responsible for various diseases whereas freshwater-grown vegetables are comparatively expensive. This paper examines consumers’ willingness to pay for freshwater grown leafy vegetables, such as, cauliflower, spinach and salad. For this purpose, a survey was conducted in five selected areas of Quetta city using contingent valuation method and 255 vegetable-consumers were questioned directly with the help of a semi-structured questionnaire. The results indicate that most of the vegetable consumers (87-88%) are willing to pay extra amounts for FWGV. On average, a vegetable consumer is willing to pay 27.4%, 43% and 52% more than the original price for the three leafy vegetables (cauliflowers, salads and spinaches, respectively). The factors such as household income, level of education, awareness, use of freshwater-grown vegetables and employment were identified as determinants of consumers’ willingness to pay for FWGV. The study results reveal a high willingness to pay for FWGV by the vegetable consumers and suggests a comprehensive strategy on the part of the government to overcome the problem of wastewater-grown vegetables (WWGV).","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"39 7 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":"123274264","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":"Analysis of Natural Resources and Environment, Politico-Economic Conditions and their influences on Tourist Behavioural Intentions in Hunza: Mediating effect of Tourist Satisfaction","authors":"Faqeer Muhammad, K. Ullah, R. Karim","doi":"10.34260/jaebs.443","DOIUrl":"https://doi.org/10.34260/jaebs.443","url":null,"abstract":"This study aims to explore the influence of Natural Resources and Environment (NRE), Politico-Economic Conditions (PEC) on Tourist Behavioral Intension (TBI) in Hunza, Pakistan. The study further investigates the mediating role of Tourist Satisfaction (TS) on the given variables. Partial Least Square Structural Equation Modeling (PLS-SEM) technique has been applied to conceptualize the research frame and to test the proposed hypotheses. Primary data was collected by using convenient sampling technique for analysis from 220 tourists who visited tourism nucleus sites of Hunza. The finding of the study reveals that Natural resources and Environment, Politico-and Economic Conditions have a significant positive impact on Tourist’s Behavioral Intensions. Moreover, Tourist’s Satisfaction partially mediates the positive relationships among Natural Resources and Environment, Political & Economic Conditions and Tourist’s Behavioral Intensions. The findings of the study extend the understanding that presence of natural resources along with healthy environment and stable political & economic conditions of a destination are the key determinants for sustainable tourism development.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"648 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":"116417977","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":"Foreign remittances and income inequality in Pakistan: A Pooled Regression Analysis","authors":"Sana Suleman","doi":"10.34260/JAEBS.4211","DOIUrl":"https://doi.org/10.34260/JAEBS.4211","url":null,"abstract":"The people from developing countries like Pakistan move to developed countries to earn their bread and butter. Consequently, such migrants remit a handsome part of their earnings to their dependents living in homeland. Foreign remittances have multidimensional impact on the economy of a developing country. The study evaluates the impact of foreign remittances on income inequality in Pakistan by estimating the set of fixed effect and random effect models using the pooled data from eight household income and expenditure surveys between 1998/99 and 2015/16. Gini coefficient as well as generalized entropy measure is used to estimate income inequality, but the results remain intact. It is observed that foreign remittances have statistically significant favorable impacts on income inequality in Pakistan. Further, the results are robust and insensitive to control variables (e.g. income and poverty measures, headcount ratio, poverty gap and squared poverty gap). The policy measure is that Bureau of Emigration and Overseas Employment (BEOE) should be empowered to explore the job opportunities in developed countries. The government should assist the migrants through subsidizing the visa and migration processes to capitalize the foreign remittances.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"178 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":"121300829","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":"Exploring the Approaches to Measure the Value of Household Work: An Experience from Pakistan","authors":"Hamna Nasir, A. Fatima, S. Alam","doi":"10.34260/JAEBS.447","DOIUrl":"https://doi.org/10.34260/JAEBS.447","url":null,"abstract":"The purpose of this research is to fill the gap in the knowledge by estimating the value of time spent on household work especially by women i.e study aims to assess the economic worth of time. Specifically, the objective of this research is to estimate the value of time using two approaches, the one estimating opportunity cost and the other estimating the market price/value of household work. The value of time is estimated for different types of household activities. In addition, the study also assesses the determinants responsible for accelerating the opportunity cost and market value of time during the past three decades in Pakistan as well critically study assess why the household is not diverting its human capital towards the paid employment though the value of time has increased substantially. The determinants mainly focus on personal and demographic characteristics as these factors are responsible to keep the individuals engaged in household activity. The determinants are explored using Pooled OLS. Results show that the opportunity cost of household work performed by male and female worth around Rs.26,082/week and Rs.155,126/week; whereas the market price of male and female are estimated around Rs.22,908/week and Rs.63,813/week respectively. Further, the results of this study confirm that the opportunity cost of all non-market activities is greater than the market value indicating that the work performed by individual at home(necessary to be performed) should be recognized as it has substantial economic worth. Hence this research contributes to knowledge by enhancing the understanding of policymakers about the economic contribution made especially by women through household work – that often remain unaccountable.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"117 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":"124313637","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}
Farrukh Mahmood, Shumaila Hashim, Uzma Iram, M. Chishti
{"title":"Wage disparities between high and low wage cities with and without the cost of living within Punjab and Sindh: An application of Oaxaca-Blinder using PSLM with HIES","authors":"Farrukh Mahmood, Shumaila Hashim, Uzma Iram, M. Chishti","doi":"10.34260/jaebs.441","DOIUrl":"https://doi.org/10.34260/jaebs.441","url":null,"abstract":"Wage disparities research hardly incorporate for the cost of living differences due to data restriction, while the wage disparity issue is the crucial area of economist interest. The study aims to examine the wage disparities between high and low wage cities for Punjab and Sindh province of Pakistan with and without the cost of living, deploying the data of Pakistan Social and Living Standards Measurement Survey (PSLM) with Household Integrated Economic Survey (HIES) for 2005, 2007, 2010, and 2013. Applying the Oaxaca-Blinder estimation method, the findings infer that wage dispersion is high without the cost of living model for both provinces (Punjab and Sindh) as compared to with cost of the living model. Moreover, the results reveal that the wage dispersion is greater in Punjab province than Sindh province. For policymakers, our study suggests that the cost of living is an essential component of the wage dispersion in Pakistan’s cities; it should be considered while formulating for wage policy.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"144 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":"121711384","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":"Suffering Silence While Exposed to Workplace Bullying: The Role of Psychological Contract Violation, Benevolent Behavior and Positive Psychological Capital","authors":"Namra Jamshaid, Sadia Arshad","doi":"10.34260/jaebs.442","DOIUrl":"https://doi.org/10.34260/jaebs.442","url":null,"abstract":"Becoming impediment to organizational functioning in several ways, the prevalence of workplace bullying costs much to organizations. As in the current transition phase of Pakistan, the intentions to leave doesn’t manifest in actual turnover rates. Hence the current study is conducted to analyze the passive coping strategies of employees in the face of workplace bullying. It is theorized that the relationship is mediated by psychological contract violation. Moreover, it is predicted that the process of mediation is stronger for individuals who report high levels of benevolent behavior and perceives psychological capital to be low. \u0000Data is collected from 359 young doctors and nurses of three government administered hospitals. Results indicate a significant bullying-silence relationship where psychological contract violation plays a role of partial mediator. Moreover, benevolence and PsyCap are powerful moderators to alter the already established relationship. Conclusions of the current study are further elaborated in terms of their practical contribution and future directions. Workplace bullying is an organizational reality. Hence efforts to make an entire bullying-free environment is next to impossible. So, in addition to make an effort in ending up this maltreatment, managers must limit its consequences by understanding its dynamics. Reduce the bullying culture and save precious resources i.e. potential employees.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"128 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":"128134049","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 Appraisal of the Role of Islamic Banking Development and Economic Growth","authors":"T. Hussain, Noman Arshed, Rukhsana Kalim","doi":"10.34260/JAEBS.4410","DOIUrl":"https://doi.org/10.34260/JAEBS.4410","url":null,"abstract":"Literature is well-versed with the contribution of financial inclusion from the deposit and financing size and its role in economic growth. These contributions include a boost in economic transactions and efficient resource mobilization. Islamic financial system is different from conventional banking as it distributes the risk equitably and promotes fairness in dealings. It helps in the integration of business gains as a borrower of Islamic capital with the earnings of savers as depositors. This study has proposed two channels via which Islamic financial development may incur growth. First is bank financing penetration, and second is depositor financial inclusion. Based on the data of 41 full-fledged Islamic banks between 2012 and 2017, the results show that both increases in bank and depositor returns have a growth-promoting effect. This prompts the policymakers with new insights. Policymakers should increase Islamic banking penetration to different sectors and regulate for increased extraction of the depositor contribution from the banking financing activity.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"121 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":"128347091","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":"Do Regulations on Smoking Limit Cigarette Demand? An Empirical Evidence from Pakistan","authors":"Assad U. Khan, A. Shah","doi":"10.34260/JAEBS.448","DOIUrl":"https://doi.org/10.34260/JAEBS.448","url":null,"abstract":"Enacting Ordinance No LXXIV 2002, Pakistan has developed crucial anti-tobacco policies in the last two decades. We, therefore, examine in this paper effects of both price (cigarette taxation) and non-price (public regulations on cigarette smoking) anti-tobacco policies on cigarette demand. To accomplish this objective, we examine the short and long run dynamics of cigarette demand in Pakistan using auto-regressive distributed lag (ARDL) estimator covering the period 1981-2018 (annual observations). The study compares price elasticity estimated with and without regulations on cigarette smoking. The result obtained shows that when price increases by 10%, cigarette consumption decreases by 5% in the short run while it decreases by 6.9% in the long run. This finding confirms that cigarette demand model, in Pakistan, is in-elastic. More interestingly, the study finds that non-price regulations on smoking and cigarette demand have negative and statistically significant association. This finding confirms that non-price regulations influences the long-term dynamics of cigarette smoking in Pakistan. Furthermore, we obtain low price elasticity with non-price regulations and high price elasticity without non-price regulations while estimating cigarette demand equation. This empirical result is an evident of the fact that estimated cigarette price elasticity without incorporating non-price regulations into the demand model, are upward biased. The study therefore, concludes that smoking regulation policy based on overstated cigarette price elasticity would produce ambiguous outcomes. Hence, relying only on cigarette taxation (price policy) to regulate cigarette smoking would not produce desirable outcome. In addition, university education is positively and significantly associated with cigarette consumption. This finding show that our university education do not properly convey anti-smoking message to students. To reduce cigarette smoking, Pakistan will have to implement stronger, more comprehensive and better enforced non-price regulations along with taxes on cigarettes.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"35 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":"129654522","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":"The Performance Effect of HPWS and Relational Coordination on Branch Efficiency: A Data Envelopment Analysis Approach","authors":"M. Saddique, Z. Khan, S. Gul","doi":"10.34260/jaebs.428","DOIUrl":"https://doi.org/10.34260/jaebs.428","url":null,"abstract":"This study is set to analyse the role of high-performance work systems which is mainly aimed to boost knowledge, skills, and abilities of human resources in the form of effective communication and better coordination termed as relational coordination and subsequently improving performance. Using the theory of relational coordination that explains the relational aspects of coordination along with effective communication to influence performance outcomes, the study obtained data from 218 branches through survey focusing on employees’ perspectives regarding high-performance work system in anticipating relational coordination among employees in performing focal work process of branch banking functions. The data obtained from officers was analysed through the Data Envelopment Analysis approach to identify efficient bank branches pivotal in formulating optimal policy measures. Results indicated that high-performance work systems envisaged relational coordination via the intervention of deposits and profitability. The findings contribute to the literature of high-performance work systems by indicating what interventions in high-performance work systems and the relational coordination may lead to bringing down operations cost or making improvements in the delivery of banking services. The study also implies that compared with managerial perspectives in the field, employees’ perspectives provide significant insights about the relational process in explaining how a well-coordinated approach towards HR systems establish the social context for better HRM practices, enhancing.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127737826","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}
Laila taskeen Qazi, Atta ur Rahman, Shahid Ali, S. Alam
{"title":"An empirical testing of comparative efficiency of static and dynamic factor models towards stock returns’ predictability in capital market of Pakistan","authors":"Laila taskeen Qazi, Atta ur Rahman, Shahid Ali, S. Alam","doi":"10.34260/jaebs.427","DOIUrl":"https://doi.org/10.34260/jaebs.427","url":null,"abstract":"Efficient Market Hypothesis has its supporters and critics as it has invited significant attention of research scholarship in recent years. The taxonomy and existence of this hypothesis is widely debated in terms of making economic decisions in the capital markets. Stock returns predictability has galvanized researchers to use forecasting models. Literature shows that forecasting is possible yet it debates problems associated with the techniques used for forecasting from the time series data. The study relies on stock returns for 67 randomly selected companies listed on the Pakistan Stock Exchange. The static and the dynamic factor models are compared in terms of forecast efficiency. The study also uses eight macroeconomic variables to forecast stock returns by including gold prices, crude oil prices, market capitalization, PSX- 100 index, PSX-100 index turnover, KIBOR 1-month rates, KIBOR 3 years rates and Rupee to Dollar rates. The results of the hit rates and out-of-sample forecasting technique suggest that dynamic factor model is the best multivariate time series forecasting model in the Pakistani context.","PeriodicalId":300552,"journal":{"name":"Journal of Applied Economics and Business Studies","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126514722","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}