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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.


Agents Of Economic Resilience And The Role Of Islamic Approach Towards Financial Inclusion During Covid-19: A Case Of Pakistan, Aneela Kiran, Muhammad Imran Khan Jun 2022

Agents Of Economic Resilience And The Role Of Islamic Approach Towards Financial Inclusion During Covid-19: A Case Of Pakistan, Aneela Kiran, Muhammad Imran Khan

3rd IBA SBS International Conference 2024

Pakistan is facing issues of health financing and food crises due to increasing prices of goods and services. It is important to reduce the risk food insecurity, and economic vulnerability. The aim of this study is to explore the Vulnerability of society to pandemic shocks and resilience of Islamic country like Pakistan and also to explore and identify the agents of Economic resilience in Pakistan. This study additionally explored the role of Islamic approaches toward financial inclusion during pandemic This study is based on multiple data types and methods. The study has used primary as well as secondary qualitative and …


Energy Mix And Climate Change In Pakistan, Syed Murtaza Nadeem Apr 2021

Energy Mix And Climate Change In Pakistan, Syed Murtaza Nadeem

CBER Conference

No abstract provided.


Stock Market, Covid-19 And Oil Price Crash: Evidence From Selected Opec Countries, Shomaila Habib Apr 2021

Stock Market, Covid-19 And Oil Price Crash: Evidence From Selected Opec Countries, Shomaila Habib

CBER Conference

No abstract provided.


Measuring The Trend Of Consumption Expenditure Inequality In Pakistan, Asad Kakar Apr 2021

Measuring The Trend Of Consumption Expenditure Inequality In Pakistan, Asad Kakar

CBER Conference

No abstract provided.


Trade Creation And Trade Diversion For Pakistan China Free Trade Agreement (Fta), Aysha Khatoon Apr 2021

Trade Creation And Trade Diversion For Pakistan China Free Trade Agreement (Fta), Aysha Khatoon

CBER Conference

No abstract provided.


The Impact Of Remittances On Total Factor Productivity In Pakistan, Muhammad Shafiq Ur Rehman, Dr. Muhammad Nishat Apr 2021

The Impact Of Remittances On Total Factor Productivity In Pakistan, Muhammad Shafiq Ur Rehman, Dr. Muhammad Nishat

CBER Conference

No abstract provided.


On The Wrong Side Of The Track: The Role Of Karachi Circular Railway In Determining Intra-City Boundaries, Aneela Kiran, Dr. Faisal S. Qadri Apr 2021

On The Wrong Side Of The Track: The Role Of Karachi Circular Railway In Determining Intra-City Boundaries, Aneela Kiran, Dr. Faisal S. Qadri

CBER Conference

No abstract provided.


Sustainability Of Genetically Modified (Gm) Crops, Abdul Hakeem, Wajid Ali Shah Apr 2021

Sustainability Of Genetically Modified (Gm) Crops, Abdul Hakeem, Wajid Ali Shah

CBER Conference

This proposal identifies the methods used in the modification of crops, their production, modification, expansion, benefits, and carbon emission. Moreover, the special focus of this proposal is to explain the need for GM crops for developing nations which are witnessing exponential growth of their populations. Additionally, it pursues to determine how in the environmental and economic context, the significance of GM crops is overwhelming and cannot be overlooked. The greenhouse ePect reduction is the other essential output of the GM crops as shown through the illustrations.


The Economics Of Crime, Syed M. Hasnain Saeed Apr 2021

The Economics Of Crime, Syed M. Hasnain Saeed

CBER Conference

Denomination of major crimes in Pakistan-KPK & Balochistan has the highest murder or attempt to murder rates. Sindh has the highest rate of Kidnappings and Punjab has the highest rate of theft. According to our research findings, 1 % point increase in unemployment increases country’s rankings in Crime Index by 0.455 Points.


Conference Program Schedule, Institute Of Business Administration Apr 2021

Conference Program Schedule, Institute Of Business Administration

CBER Conference

No abstract provided.


Wage Gap Among Urban Natives And Rural-Urban Migrants In Pakistan, Muhammad Umair, Lubna Naz Apr 2021

Wage Gap Among Urban Natives And Rural-Urban Migrants In Pakistan, Muhammad Umair, Lubna Naz

CBER Conference

Pakistan has a total labor force of 65.5 million in 2019. According to the Labour Force Survey 2017-18, more than one-third of the labor force is working in urban areas, and one-tenth comprises rural-urban migrants. It is evident that rural-urban migration increases labor supply in the urban labor market and consequently causes a reduction in wages, particularly for unskilled and semi-skilled workers. This study makes the first attempt to evaluate the wage gap among urban native and rural-urban migrant workers using a sample of 12,302 workers, comprising 10,793 urban natives and 1,509 rural-urban migrants, extracted from the latest Labour Force …


Alternate Energy As A Sustainable Energy Resource In Pakistan, Sassi Bhutto, Riaz Ahmed Shaikh, Riffat Abdul Latif Mughal Apr 2021

Alternate Energy As A Sustainable Energy Resource In Pakistan, Sassi Bhutto, Riaz Ahmed Shaikh, Riffat Abdul Latif Mughal

CBER Conference

The energy crisis of Pakistan is a reality. Researchers have emphasized that renewable energy is the solution for Pakistan’s energy problem. This paper in its first part of analysis presents the overview of the potential of alternate energy in Pakistan. It discovers the prospects of nuclear power in Pakistan and use of renewable energy for economic activities. Further, the impact of GDP growth, none-renewable energy consumption and renewable energy consumption has been examined on carbon dioxide (CO2) emission in Pakistan. The ARDL model was executed and the results showed that in Pakistan, non-renewable energy consumption has significantly contributed in CO2 …


As Sacred, As Sustainable: The Normative Dimension Of Sustainable Economics, Amana Raquib, Omar Javaid, Gulnaz Anjum Apr 2021

As Sacred, As Sustainable: The Normative Dimension Of Sustainable Economics, Amana Raquib, Omar Javaid, Gulnaz Anjum

CBER Conference

The self-esteem, self-image and subsequently self-worth of young consumers all around the globe, are determined by unsustainable consumption habits. This is equally true for Muslim youth who are as vulnerable to the pressure of building their self-image as consumers. This has led to adverse effects on the ecosystem and therefore, goes against the United Nation’s sustainable development goals (Goal no. 6,7,11-15). This paper argues that by changing the criterion to gauge and establish their self-image, self-esteem, and self-worth, we can influence the degree of sustainability of the consumption patterns of young Muslim individuals. This would subsequently undo the undue pressure …


Career Aspirations Of Female Students In Economics: A Case Study Of Public Sector Universities In Punjab, Sadia Sherbaz, Dr. Bushra Yasmin Apr 2021

Career Aspirations Of Female Students In Economics: A Case Study Of Public Sector Universities In Punjab, Sadia Sherbaz, Dr. Bushra Yasmin

CBER Conference

In Pakistan women remain grossly underrepresented in top echelons in the field of Economics. Achievement pre-supposes aspiration. Higher aspirations result, generally, in better career outcomes. We intend to explore the determinants of career aspirations among women in Economics, in order to reliably identify hang-ups and barriers to career advancement of Pakistani women in the field. Our study focuses on female university students enrolled in Economics departments in Punjab, Pakistan. We have studied a sample of 415 women to ascertain the factors affecting their career aspirations. The data were collected through structured questionnaire by purposive sampling and the filed survey was …


Human Development And Inequality - Panel Discussion Ii With Undp Pakistan, Undp Pakistan Apr 2021

Human Development And Inequality - Panel Discussion Ii With Undp Pakistan, Undp Pakistan

CBER Conference

In collaboration with the UNDP Pakistan, a panel discussion on “Sustainable Development: Inequality and Inclusive Growth” took place amongst Mr. Knut Ostby, Resident Representative, UNDP Pakistan, Dr. S Akbar Zaidi, Executive Director, IBA, Dr. Sania Nishtar, Special Assistant to the Prime Minister (SAPM) on Poverty Alleviation and Social Safety, and Dr. Waqar Masood, SAPM on Revenue. The session was moderated by Asim Sajjad Akhtar. Mr. Knut Ostby said, “As one of the first countries to pledge its commitment to the 2030 Agenda on the SDGs, Pakistan understands the simple truth that equality is the cornerstone of sustainable development”. Mr. Ostby …


Sustainable Economic Development In The Post-Covid Era In Asia And The Pacific, Yasuyuki Sawada Apr 2021

Sustainable Economic Development In The Post-Covid Era In Asia And The Pacific, Yasuyuki Sawada

CBER Conference

The second day of the 1st International Conference at the CBER, IBA Karachi commenced with an opening address by the Chief Economist at the Asian Development Bank (ADB), Mr. Yasuyuki Sawada. Speaking about the outbreak of the Covid-19 virus and how it has destabilized the economic outlook and widened existing social inequalities, impacting lives and livelihoods of millions in Asia-Pacific region and beyond, Sawada remarked, “Regional GDP contracted by 0.2% in 2020 with East Asia faring much better. After a sharp contraction last year, growth in South Asia will rebound in 2021. However, the recovery will be uneven”. Dr. Sawada’s …


Conference Program Schedule, Institute Of Business Administration Apr 2021

Conference Program Schedule, Institute Of Business Administration

CBER Conference

No abstract provided.