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Articles 1 - 15 of 15

Full-Text Articles in Social and Behavioral Sciences

Analyzing Household Income Inequality: A Subgroup Decomposition Of Generalized Entropy Measures, Jazib Mumtaz, Sayed Irshad Hussain Nov 2023

Analyzing Household Income Inequality: A Subgroup Decomposition Of Generalized Entropy Measures, Jazib Mumtaz, Sayed Irshad Hussain

CBER Conference

The study proves that education level, nature of employment, asset ownership, and gender contribute significantly to income inequality. The study further indicates that changes in income distribution for the bottom of the population through paid employment, female income, and asset ownership could impact income inequality. The study's results can be used to assess policy impact on social welfare and help policymakers design targeted interventions, develop efficient taxation, and create a sustainable model for inclusive growth.


Economic Policy Uncertainty And Stock Portfolio Optimization: Cross Country Wavelet-Based Approach, Sara Iqbal, Waqar Ahmed Sethar, Suad Sindhiyao Nov 2023

Economic Policy Uncertainty And Stock Portfolio Optimization: Cross Country Wavelet-Based Approach, Sara Iqbal, Waqar Ahmed Sethar, Suad Sindhiyao

CBER Conference

The purpose of this research is to assess the impact of Economic Policy Uncertainty (EPU) on the Sectoral returns of China, Pakistan, the USA, the UK, and India. The panel data consisting of EPU, and sectoral returns of Stock Market data of sample countries is from 2012 to 2022. To achieve the research objectives, the wavelet coherence method is used. By applying wavelet coherence analysis to the time series data of economic policy uncertainty and sector returns, researchers can explore how the coherence or correlation between these variables changes over different periods and frequency components which helps in assessing short-, …


Kerala’S International Tourism Demand: An Inquiry Into The Validity Of The Standard And Regular Determinants, Muhammed Salim Anappattath Nov 2023

Kerala’S International Tourism Demand: An Inquiry Into The Validity Of The Standard And Regular Determinants, Muhammed Salim Anappattath

CBER Conference

The present study aims to identify the role of standard factors and other regular potential determinants in influencing the tourist arrivals in Indian state of Kerala. We used month-wise data of the foreign tourist arrivals in Kerala from January 2002 to December 2019 and applied auto-regressive distributed lagged (ARDL) approach, with the seasonality-adjusted data, for the same.


Appraising Economic Development: Estimating Subnational Gdp For Pakistan Through Nightlights, Wajid Ali Nov 2023

Appraising Economic Development: Estimating Subnational Gdp For Pakistan Through Nightlights, Wajid Ali

CBER Conference

Pakistan, where inequalities and unbalanced development are prevalent. This study focuses on Pakistan as a case example and employs three distinct datasets, including nightime lights data from the Suomi National Polar-orbiting Partnership Visible Infrared Imaging Radiometer Suite (NPP-VIIRS), district-level information on prices and production of selected agricultural commodities, and population data from the LandScan Global Population project.


Inflation, Monetary Policy, And The Sacrifice Ratio, Leef H. Dierks Nov 2023

Inflation, Monetary Policy, And The Sacrifice Ratio, Leef H. Dierks

CBER Conference

Motivated by the 2022 uptick in headline inflation and the marked shift towards globally more restrictive monetary policies, this paper examines the sacrifice ratio, i.e., the percentage cost of actual production lost to every one percentage point decrease in (trend) inflation, for selected Southeast Asian economies. Results indicate that upon adopting a contractive monetary policy, GDP growth dropped by up to 0.5 per cent, confirming that monetary authorities’ disinflationary policies typically trigger declines in both output and employment. However, as even minor adjustments to the way of determining the sacrifice ratio lead to varying results, caution ought to be applied …


Computational Calculation Of Sovereign Default Probabilities: Pakistan's Case, Salman Zaffar Nov 2023

Computational Calculation Of Sovereign Default Probabilities: Pakistan's Case, Salman Zaffar

CBER Conference

This paper uses Black-Scholes-Merton model to quantitatively assess sovereign debt sustainability of Pakistan. Both the International Monetary Fund and Asian Development Bank have separately proposed applying Black Scholes-Merton model to calculate the sovereign default risk. Historically, the Black-Scholes Merton Model has been used to analyze corporate default risk. Both the sovereign and corporate default risk calculation are based on contingent claims approach which calculates risk by reading the sovereign and corporate balance sheets, respectively. Thus, in light of the proposition by these two financial bodies this paper calculates the default probability of Pakistan in 2001-2022. As the efficacy, it is …


Financial Integration And Exchange Market Pressure, Kate Phylaktis, Muhammad Aftab Nov 2023

Financial Integration And Exchange Market Pressure, Kate Phylaktis, Muhammad Aftab

CBER Conference

This study examines the role of financial integration on exchange market pressure (EMP) across a representative group of forty-two advanced and emerging markets over the period 2000-2019, which covers the global financial crisis, which has heightened monetary and economic policy uncertainty. We use a novel measure of financial integration, namely the uncovered equity return differential versus the US, which is based on the Uncovered Equity Parity and is available at a monthly frequency.


Evaluating The Impact Of Withdrawal Of Telegraphic Transfer (Tt) Charges Reimbursement On The Remittances From The Kingdom Of Saudi Arabia (Ksa), Muhammad Omer Nov 2023

Evaluating The Impact Of Withdrawal Of Telegraphic Transfer (Tt) Charges Reimbursement On The Remittances From The Kingdom Of Saudi Arabia (Ksa), Muhammad Omer

CBER Conference

This paper attempted to estimate the impact of withdrawal of TTC reimbursement on remittances inflowing from the KSA into Pakistan. For this purpose, we have used difference in difference (DID) technique on data from July 2018 to September 2022. Our estimates suggest that this policy led to a decline in the remittances inflows from KSA on average between US$ 31 million to US$ 76 million in each month. From policy perspective, Government of Pakistan needs to review this policy of reimbursement on remittances inflowing from KSA. Our results appears robust to various changes in estimation framework.


The Metamorphosis Of The Interrelationship Between Competitiveness, Productivity, And Growth Within Economic Realm, Rashid Ali Baloch Nov 2023

The Metamorphosis Of The Interrelationship Between Competitiveness, Productivity, And Growth Within Economic Realm, Rashid Ali Baloch

CBER Conference

This study investigates that the relationship between competitiveness, productivity and growth is not stable or predictable, it acknowledges that the associations and influence among these factors such as technological, industrial advancement, and policy changes. By studying the changing linearity, researchers aim to comprehend the metamorphosis of the interrelations among competitiveness, productivity, and growth within the economic realm. This study examines the role of technological advancements, innovation, human capital development, and institutional reforms in shaping the country's growth trajectory.


Impact Of Oil Price And Its Volatility On Cpi Of Pakistan: Bivariate Egarch Model, Abida Naurin Nov 2023

Impact Of Oil Price And Its Volatility On Cpi Of Pakistan: Bivariate Egarch Model, Abida Naurin

CBER Conference

The current research study targets to explore the impact of oil price and its volatility on CPI in case of Pakistan from the period 1980:M1 to 2018:M12. In this study we used the financial time series econometrics techniques; first applied the Box-Cox transformation on the data which suggested log transformation is required for all series.


Relationship Between Human Capital And Urban Growth, Lucky Bizenjo Nov 2023

Relationship Between Human Capital And Urban Growth, Lucky Bizenjo

CBER Conference

This study has provided new insights into the relationship between urbanization and human capital, made its implications at the global income group level and national level. In the first study, panel data of 87 countries used from 1991 to 2019. The results showed that education is found to be negatively and insignificantly associated with urbanization at the global level, but it is found to be positive (though insignificant) in low-income countries, and positive and significant in low-income countries and middle-income countries, and high-income countries. Our research suggests that as the income of a country increases, the contribution of education to …


Digital Literacy And Inclusive Growth: Examining Digital Empowerment Of Female Students In Lahore, Hafsah Batool, Samia Nasreen, Attifa Arif Nov 2023

Digital Literacy And Inclusive Growth: Examining Digital Empowerment Of Female Students In Lahore, Hafsah Batool, Samia Nasreen, Attifa Arif

CBER Conference

This research study aims to investigate the role of socio-economic factors in the digital adoption of female university students in Lahore, considering the global impact of digitalization on the economy and employment generation. The primary objective is to explore the digital empowerment status of female students in Lahore and its implications for promoting inclusive growth and bridging the digital divide. The study will utilize a modified scale for the dependent variable, focusing on the dimensions of digital awareness, legal understanding, and economic aspects of digital empowerment.


The Relationship Between Labor Market Institutions And Innovation In 177 European Regions Over The Period 2000-2015, Gaetano Perone Nov 2023

The Relationship Between Labor Market Institutions And Innovation In 177 European Regions Over The Period 2000-2015, Gaetano Perone

CBER Conference

The main goal of this paper was to investigate the relationship between a set of labor market institutions (LMIs) and innovation (proxied by patent density) in 174 NUT-1 and NUT-2 European regions, over the period 2000-2015. Fixed effects with Driscoll and Kraay's (1998) standard errors (FE-DK), ordinary least squares (OLS), the generalized method of moments estimation of the fixed effects (FE-GMM), and a multilevel model (MLM) were employed.


Educational Requirements Of Pakistan: A Normed Planning Approach, Faiza Hassan, Hafsa Hina, Arshad Ali Jan 2023

Educational Requirements Of Pakistan: A Normed Planning Approach, Faiza Hassan, Hafsa Hina, Arshad Ali

Business Review

The study assesses the performance of a developing economy's educational sector by comparing some fundamental educational statistics from Pakistan to those of ten better-performing nations, and it outlines the required levels of education for the following decade. It presents a road map for the educational sector in Pakistan for the next ten years after identifying the gap between the existing and required levels of educational statistics. For each level of education, projections for the following variables are created. The required levels of Gross enrolment ratios, student-teacher ratios, the number of enrolments and the number of teachers. The required distribution of …


Time Allocation Pattern For Household And Expenditure Saving Market Activities By Using Economic Value Of Time: A Gender-Based Analysis In Pakistan, Hamna Nasir, Ambreen Fatima, Gulrukh Zahid Jan 2023

Time Allocation Pattern For Household And Expenditure Saving Market Activities By Using Economic Value Of Time: A Gender-Based Analysis In Pakistan, Hamna Nasir, Ambreen Fatima, Gulrukh Zahid

Business Review

The objective of this study is to estimate the opportunity cost of time spent on household work and expenditure saving market work performed by individuals by taking into account their personal and socio-demographic characteristics. Data is gathered from Labour Force Survey of Pakistan for different years. Pseudo panel technique is used by making cohorts of household and expenditure saving market activities, region and province. Increase in the opportunity cost of time increases female household work hours and expenditure saving market hours by 6.2 and 7.001 hours/week respectively, whereas increase in the opportunity cost of time increases male household hours and …