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Social and Behavioral Sciences Commons™
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Articles 1 - 6 of 6
Full-Text Articles in Social and Behavioral Sciences
Soziale Marktwirtschaft - Key To Economic Success Or Contradiction In Adiecto, Menno Aden
Soziale Marktwirtschaft - Key To Economic Success Or Contradiction In Adiecto, Menno Aden
Business Review
German concept of Soziale Marktwirtschaft (social market economy, hereinafter SMW). A “system” would never explain everything. SMW therefore does not explain it all. But it is widely believed that SMW was the biggest single factor for the recovery of Germany after WW II and her performance ever since. It may be worthwhile to have a closer look at what SMW is about.
Financial Development And Firms’ Growth In Textile Industry Of Pakistan: A Panel Data Analysis, Ijaz Hussain
Financial Development And Firms’ Growth In Textile Industry Of Pakistan: A Panel Data Analysis, Ijaz Hussain
Business Review
This discussion uses secondary data from “Balance Sheet Analysis (2000- 2009) of Joint Stock Companies Listed on the Karachi Stock Exchange published by Statistics Department of State Bank Of Pakistan” and covers a panel of 75 textile firms of textile industry in Pakistan . Findings of this study indicate that all explanatory variables included in our model have significant influence on firms’ growth. Lagged profitability and efficiency and financial development have statistically significant and positive impact on firms’ growth while financial leverage, size, risk, real cost of debt, energy crisis and abolishment of textile quota have negative impact. Acute energy …
Impact Of Exchange Rate Depreciation On Domestic Output In Pakistan, Muhammad Afzal
Impact Of Exchange Rate Depreciation On Domestic Output In Pakistan, Muhammad Afzal
Business Review
There is disagreement on the desirability of devaluation in the LDCs. Since the de-linking from USA dollar in January 1982, the Pakistan rupee has been losing its value vis-à-vis US dollar and other important currencies. The purpose of the paper was to see the response of domestic output to fiscal and monetary policies besides exchange rate and terms-of-trade. These policies have stable and long- run relationship with the domestic output. However, the impact of money supply and exchange rate is more robust than the other variables. Easy monetary policy has a favourable impact on domestic output. Fiscal discipline is the …
Firm Growth And Industrial Clusters: Implications For Latecomer Developing Countries, Babur Wasim Arif, Sajid Manzoor Asadi
Firm Growth And Industrial Clusters: Implications For Latecomer Developing Countries, Babur Wasim Arif, Sajid Manzoor Asadi
Business Review
In developing countries, traditionally micro and small scale enterprises have remained present since ancient times. Certain regions excelled in production of specific items. The industrial clusters have grown in these regions spontaneously in response to the grown competition. The cluster formation process was informal as the governments in developing countries have not played an adequate role for cluster formation and enterprises’ networking. Due to absence of government leading role in clusters development , the majority of the industrial clusters in developing countries have not been able to enter from the initiation stage to the quality improvement stage with a very …
International Financial Reporting Standards: A Cautionary Note For Emerging Economies, Khursheed Omer, Darshan Wadhwa
International Financial Reporting Standards: A Cautionary Note For Emerging Economies, Khursheed Omer, Darshan Wadhwa
Business Review
Long before the present economic crisis unfolded, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) had been working to achieve harmonization in accounting and financial reporting standards across the globe. Now that the world economic community has become more integrated, cross border flow of capital has gained unprecedented momentum and steps are underway to achieve this goal as early as possible. Initial efforts to harmonize local accounting principles and practices with those followed in developed economies were generally aimed at facilitating foreign multinationals operating in other countries. The desired goal of harmonization now ought to …
Technical, Allocative And Economic Efficiencies In Sugarcane Production In Pakistan: A Non-Parametric Approach, Heman D. Lohano, Adnan Nazir, Ali M. Khushk
Technical, Allocative And Economic Efficiencies In Sugarcane Production In Pakistan: A Non-Parametric Approach, Heman D. Lohano, Adnan Nazir, Ali M. Khushk
Business Review
The objective of this paper is to measure the technical, allocative and economic efficiencies of sugarcane farms in Pakistan. These efficiencies are measured by data envelopment analysis method using the farm level data collected from 333 sugarcane growers of Pakistan in 2008. The results show that the average technical efficiency of the sugarcane farms is 75 percent, the average allocative efficiency is 83 percent, and the average cost efficiency is 62 percent. The results indicate that the sugarcane farms of Pakistan can reduce the costs of production by 38 percent to produce the same level of output by using the …