Fawad Ashraf Sheikh, Imamuddin Khoso, Muhammad Shahbaz Khan
{"title":"Analysis of Determinants of Debt Financing: A Case study of the Cement Industry of Pakistan","authors":"Fawad Ashraf Sheikh, Imamuddin Khoso, Muhammad Shahbaz Khan","doi":"10.47067/reads.v9i1.474","DOIUrl":"https://doi.org/10.47067/reads.v9i1.474","url":null,"abstract":": The aim of this study is to an analysis of Determinants of Debt Financing: A Case study of the Cement Industry of Pakistan. As Profitability is one of the best tools to measure the performance of any firm or sector. The current study also aims to analyze the impact of intangible assets on the profitability of the cement industry of Pakistan. To analyze the impact of intangible assets on profitability some control variables are also used in this research i.e. capital structure, firm size, growth rate, non-debt tax shield, and working capital, alongside these variables intangible assets are also used as a determinant of the profitability and age of the firm is used as a moderator between intangible assets and the profitability of the firm. The Data collected Twenty years of (unbalanced) annual data i.e. 1998 to 2017 of twenty cement companies listed under the Pakistan stock exchange is used and the data sources are secondary. To analyze the data panel data regression is used, the results of the study concluded that a positive and significant relationship exists between intangibles and profitability, and the age of the firm moderated the relationship between the two variables. Firms in Pakistan should report intangible assets in their financial statements, the managers of the said industry need to manage the intangible assets of their firm efficiently and should work on its disclosure in their financial statements.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49308885","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":"Determinants of Tourism Arrivals in China","authors":"Sidra Shaukat, Khadija Kanwal Khan, Sara Shokat","doi":"10.47067/reads.v8i4.471","DOIUrl":"https://doi.org/10.47067/reads.v8i4.471","url":null,"abstract":"The aim of study has to investigate behavior of tourism under the threat of CO2 release in case of China. The research work employed Secondary time-series-data over the time duration 1996-2019. The research work used tourism arrivals as dependent and CO2 emission, GDP growth Rate, tourism expenditure and trade are used as independent variables. The study also applied OLS is applies for the findings. The results of OLS indicate that, positive impact of CO2 emission on tourism arrivals in China. It means that, tourism increase with the increase in CO2 emission. While other variables, like GDPGR, tourism expenditure, and trade are positively increasing the Tourism. \u0000 \u0000 ","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44976214","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":"Causal Relationship Among SME’s Import, Export, Deposits, and Small Manufacturing Contribution to GDP – Toda Yamamoto Analysis","authors":"Mazher Muhammad Ahmad","doi":"10.47067/reads.v8i4.469","DOIUrl":"https://doi.org/10.47067/reads.v8i4.469","url":null,"abstract":"Purpose: The purpose of the study was to identify the causal relationship between Pakistani SMEs' imports, exports, domestic deposits, and GDP in the small manufacturing sector over 2007-Q1 to 2020-Q4. \u0000Design/Methodology/Approach: Granger causality is a revolutionary and cutting-edge econometric technique that was presented by Toda and Yamamoto (1995). This technique enabled us to identify various kinds of observations, all of which are discussed in detail in the concluding part of the article. \u0000Findings: Four-causal relationship among the variables which revealed the empirical results. (i) fluctuations in exports values, total imports values and deposit in domestic currency may cause the changes in GDP of small manufacturing sector in Pakistan (ii) fluctuations in GDP of small manufacturing and deposits in domestic currency may cause the changes in total exports value in SME sector in Pakistan while changes in total imports value do not make the cause of changes in total exports value in Pakistan SME sector (iii) fluctuations in GDP of small manufacturing and total exports value may cause the changes in total imports value in SME sector in Pakistan while changes in deposit in domestic currency do not make the cause of changes in total imports value in SME sector in Pakistan and (iv) fluctuations in GDP of small manufacturing, total exports value, and total import values does not make the cause of changes in deposit in domestic currency in SME sector in Pakistan. \u0000Implications/Originality/Value: Using secondary data and an estimation method to take into account new factors, the study also makes a big contribution to the ongoing research on SMEs in Pakistan.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43621798","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":"Determinants of the Attractiveness of Foreign Direct Investments in CEMAC: an Empirical Panel Analysis Over the Period From 1985 to 2019","authors":"Ferdinand Moussavou","doi":"10.47067/reads.v8i3.467","DOIUrl":"https://doi.org/10.47067/reads.v8i3.467","url":null,"abstract":"This article aims to determine the factors that explain the attractiveness of foreign direct investment (FDI) at the level of the six countries of the Economic and Monetary Community of Central Africa (CEMAC), over the period 1985-2019. Using the fixed effects panel model, the results of this research indicate that gross domestic product per capita, human capital, domestic credit provided to the private sector by banks and gross national expenditure explain the attractiveness of FDI. Moreover, by using the ordinary least squares (OLS) model to analyze the determinants of the attractiveness of FDI by country, the econometric results show differentiated effects.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45373008","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}
Shariq Waheed, Husnain Waheed, Ra’ana Malik, Abdul Ghaffar
{"title":"The Impact of Post-Covid-19 Economic Recession on Public Perception of Climate Change and Environmental Behavior in Pakistan","authors":"Shariq Waheed, Husnain Waheed, Ra’ana Malik, Abdul Ghaffar","doi":"10.47067/reads.v8i3.459","DOIUrl":"https://doi.org/10.47067/reads.v8i3.459","url":null,"abstract":"The interconnection between economic development, fervid crossovers in the frame of contagious diseases, and environmental problems, in particular, have, until now, seen less scrutiny from environmental economists. Empirical evidence suggests that great economic recessions have proven to affect the prioritization of environmental and climate protection. The current study surveys the perception of the residents of Lahore, Pakistan regarding their environmental perception and awareness of climate change issues at the time of post-COVID-19 economic recession. Furthermore, the present study investigates several economic factors including the impact of economic recession influencing the environmental behavior of mainstream society. A cross-sectional quantitative research design was utilized to gather data from 343 respondents belonging to a public university in Pakistan. To statistically analyze the date, chi square test and multinomial logistic regression was utilized to examine significant economic factors associated with environmental behaviors. The findings reveal that climate change is viewed as one of the main ecological problems in Lahore, Pakistan. Furthermore, significant association was found between individual’s socioeconomic background and impact of economic recession with their prioritization of climate action. The present research has several implications as identifying rising challenges of economic and climate-related threats can aid in adopting a more dynamic approach to strategic and structural investments. The current paper suggests robust policy interventions against financial instability to ensure collective as well as individual effort against climate change for a stable and sustainable future.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43255653","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":"Factors Affecting Foreign Direct Investment: The Case of the Netherlands","authors":"Sidra Shaukat, Sara Shokat, Khadija Kanwal Khan","doi":"10.47067/reads.v8i3.470","DOIUrl":"https://doi.org/10.47067/reads.v8i3.470","url":null,"abstract":"This study analyzes the effect of gross domestic product, inflation, and natural resource rent on foreign direct investment in the Netherland. Our analysis employs the Autoregressive distributed lag model from 1980 to 2018. The empirical results show that gross domestic product and natural resource rent positively affected foreign direct investment while inflation negatively affected both the short and long run. This study recommends that government officials and policymakers formulate policies to promote foreign direct investment for the development of the economy of the Netherland. \u0000 \u0000 ","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47211521","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}
Muhammad Yasin Abid, Muhammad Tasnim Khan, H. Rehman
{"title":"Does Institutional Quality Improve Environmental Quality? New Evidence from NARDL Approach","authors":"Muhammad Yasin Abid, Muhammad Tasnim Khan, H. Rehman","doi":"10.47067/reads.v8i2.439","DOIUrl":"https://doi.org/10.47067/reads.v8i2.439","url":null,"abstract":"The current research intends to look at the asymmetrical influence of institutional quality (IQ) on carbon emissions (????????2e) by incorporating additional variables i.e., trade openness (TO), population growth (PG), and energy use (E) over the period 1980-2020. The current study used nonlinear ARDL to demonstrate the nonlinear influence of IQ on ????????2e. The empirical finding suggests that positive fluctuation in institutional quality considerably improves the environmental quality in Pakistan in the short and long run. At the same time, the outcomes show that negative fluctuations in IQ lead to considerably contributed to ????????2e in long run. GDP and E are positively connected with ????????2e. The policy makers could need to enhance the institutional quality leads to attaining the long-term ecological objectives.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48170258","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":"Energy Substitution Effect in Major Energy Consumption Sectors of Pakistan: Translog Cost Function","authors":"S. Nazir, N. Mahmood, Gulnaz Hameed","doi":"10.47067/reads.v8i2.448","DOIUrl":"https://doi.org/10.47067/reads.v8i2.448","url":null,"abstract":"There is inadequate works available in the case of Pakistan that have tested the rebound effect due to energy use and its impacts on the environment, so in this study, comparative analysis of energy substitution effect on Pakistan’ three major energy consumption sectors industrial, transport and electricity sector has done, by using the translog cost function in time series data framework. And finally, the main aim is to give the Policy suggestion for different implications like energy and output, to the government of Pakistan doing the aggregate. From the analysis, it has been concluded that there are diseconomies of scale in each sector of the economy of Pakistan, as the elasticity of cost concerning output is greater than one. All energy and non-energy inputs are substitutes for each other but labor is needed more than any other input sectoral wise as it is cheaper and easily available in Pakistan. From the results, in the industrial sector capital intensive production has preferred to increase the use of energy. The rebound effect in Pakistan is negative, which means there is super conservation or have less use of energy. This could be due to the high price of energy inputs and underdevelopment, disinvestment so less profit and income generation, and technological progress leads to less use of resources.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44540142","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":"Role of Professional Skills in Promoting Healthcare System: A Performance Perspective","authors":"Rizwan Shabbir, M. Abrar, Aysha Batool","doi":"10.47067/reads.v8i2.443","DOIUrl":"https://doi.org/10.47067/reads.v8i2.443","url":null,"abstract":"This paper aims to investigate the impact of sustainable practices especially sustainable production and sustainable supplier management on supply chain performance. This empirical study demonstrates the contextual examination of sustainable practices especially with reference to an emerging economy like Pakistan. Survey was employed to collect data from 100 Food Manufacturing Firms. Exploratory Factor Analysis and Structure Equation Modeling were used through AMOS to test hypothesis. The results reveal that sustainable production and sustainable supplier management both significantly impact triple bottom line. However, sustainable production generates stronger impact on social performance, while, sustainable supplier management significantly effects environmental performance. Additionally, the findings provide valuable insights regarding the use of sustainable production and sustainable supplier management and their impact on supply chain performance. Finally, it propagates utility of ecological value chain management mentioning the impact of couple of sustainable practices on tipple bottom line.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43594644","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":"A Review of the Strength of Trade Polices of Emerging Economies and their Goal of Sustainable Economic Development","authors":"Rahat Sabah","doi":"10.47067/reads.v8i2.461","DOIUrl":"https://doi.org/10.47067/reads.v8i2.461","url":null,"abstract":"Developing nations are trying to handle the economic problems by applying different strategies, on the other hand they are highly impressed with the infant-industry idea, that is belong to classic growth theory of traditional trade. Which is not a worldwide valid idea. According to many economists and scholars the infant-industry proposal stops the emerging countries to enter into international business market. The Nations who embrace this idea could not enjoy the competitive advantages in the global market and who decide not to enter into the international market, they have to face high cost of business, inefficient production and decease in jobs opportunities. This study has explored that many firm want to grow their business all over the world at present-day and they are seeking reliable international suppliers and freedom of movement in operating their investment units. To attract the foreign and local investors the emerging nations have to enhance the corporate image of their FTZ/EPZs setup, which is protected by the both endogenous and exogenous growth theories. In its performance and functions, it has the significance and power to increase the capacity of trade and industry which in turn cause to create business opportunities and provide the path of economic growth, therefore this study has suggested to spend much time and efforts on R&D not only to update the trade strategies and macroeconomic policies but to improve the supply chain system also in the regions.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45552897","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}