Vol. 1 No. 1 (2020)

Articles

• 13 Pages Download PDF: Do Remittance Outflow and Exchange Rate Wavering Distress Domestic Private Investment in ASEAN? A Conceptual Panel Cointegration

  Do Remittance Outflow and Exchange Rate Wavering Distress Domestic Private Investment in ASEAN? A Conceptual Panel Cointegration

  Khawaja Asif Mehmood, Sallahuddin Hassan, Muhammad Zahir Faridi

  https://doi.org/10.36923/jcmi.v1i1.449

  The need for private investment is located in both developing and developed world economies. In this regard, Association of South East Asian Nations are always seen where the private investment is well hosted and is found to increase in ready course of time. However, the needs and requirements for private investment have changed drastically in the growing world of today where the race is to fetch economic growth and development at the back of sound and consistent flow of private investment. This research paper states the current scenario of private investment in the ASEAN and suggests for the tackle of its modules such as worker remittance and their outflow as well as exchange rate wavering to affect nature of private investment. Being conceptual in nature, empirical and theoretical views are highlighted together with the panel data analyses for conduction of regression results.

  pp. 1-13 Abstract views:140 Downloads:33

• 20 Pages Download PDF: CPEC in the Perspective of Pakistan Economy: A Comprehensive Analysis

  CPEC in the Perspective of Pakistan Economy: A Comprehensive Analysis

  Ishtiaq Ahmad, Ali Azam, Shehzad Hussain

  https://doi.org/10.36923/jcmi.v1i1.450

  China Pakistan Economic Corridor (CPEC) is a part of multidimensional infrastructural initiative known as ‘Belt and Road Initiative (BRI) which attempts to bond economies, regimes and societies in Europe and Asia. In this background, objective of this study is to analyze CPEC in the light of Pakistan economy. Vector Autoregressive (VAR) model, Vector Error Correction Mechanism (VECM) and Granger Causality are applied to data from 1980 to 2016 for discovering interactions of infrastructure and sustainable development. In the long run, causality runs from economic and social component of sustainable development to infrastructure. However, in the short run, energy infrastructure has a causal connection with sustainable development and its economic component. Short run associations of past is found to have the force to enlarge future responses. The statistical context of this study, as a constraint, is not sufficient to highlight any association between infrastructure and environment.

  pp. 14-33 Abstract views:236 Downloads:49

• 10 Pages Download PDF: An Effect of Money Supply on Economic Growth: Evidence from Pakistan

  An Effect of Money Supply on Economic Growth: Evidence from Pakistan

  Roeela Kausar, Muhammad Kamran Bhatti, Shehreen Gull

  https://doi.org/10.36923/jcmi.v1i1.451

  This paper focuses on effects of money supply on GDP of Pakistan. The macro variables comprise of GDP and money supply were tested by using secondary data, covering forty six yearly period from 1972 to 2018. The current study applied unit root test to test stationary of the given data. The Auto Regressive Distribution Lag (ARDL) approach was conducted to see the link between long run and short run relationship as a speed of adjustment to the long run equilibrium. The finding showed that money supply (MS), capital investment (CI), labour force (LF) and Gross Domestic product (GDP) were stationary with I(1) level and inflation (INF) was stationary with I(0) level. Positive effect on GDP has been observed in case of Pakistan. The finding suggests that policy makers should take into consideration the different monetary policy tools to control the excess money supply and to get the economic stability.

  pp. 34-43 Abstract views:659 Downloads:58

• 13 Pages Download PDF: Intergenerational Transmission of Health: Evidence from Selected Districts of Pakistan

  Intergenerational Transmission of Health: Evidence from Selected Districts of Pakistan

  Imran Abbas, Sumaira Batool, Khatiba Zahra

  https://doi.org/10.36923/jcmi.v1i1.452

  The concept of intergenerational mobility has considerable economic implications for a family and society as well because sufficiently large intergenerational transmissions reflect inequality of opportunities. Intergenerational mobility has different attributes and intergenerational health transmission is a comparatively new area of research for the economists. This paper attempts to measure intergenerational health transmissions in Pakistan. The study uses field survey data of 2000 households, 1000 each from two generations to calculate intergenerational health transmissions from districts/cities of Islamabad, Karachi, Sukhar, Lahore, Vehari, Rajanpur, Peshawar and Quetta. This study examines the relationship between parental health and offspring health as well as the relationship between parental income and education and the health of children. The results establish strong intergenerational health transmissions in Pakistan.

  pp. 44-56 Abstract views:147 Downloads:39

• 10 Pages Download PDF: Energy Consumption and Industrial Sector Performance in Pakistan

  Energy Consumption and Industrial Sector Performance in Pakistan

  Shan-e-Zehra, Muhammad Aurmaghan, Iqra Ismail

  https://doi.org/10.36923/jcmi.v1i1.453

  Energy consumption has central value to evaluate the performance of manufacturing sectors. The purpose of this study is to look into consumption of energy and performance of industrial sector in Pakistan. The period of analysis is from 1980 to 2016. The long run results showed oil and electricity consumption has positive affiliation with performance of industrial sector. Total renewable consumption of energy, energy imports and gross capital formation have negative connection with Pakistan’s industrial sector performance. Moreover, the trade and labor force are found for the positive relationship with performance of industrial sector. The study advised that the government ought to target their renewable energy resources to urge get advantage from their renewable energy resources which is able to improve the industrial sectors’ performance and economic growth of Pakistan.

  pp. 57-66 Abstract views:194 Downloads:73