Vol. 2 No. 2 (2021)

Articles

• 10 Pages Download PDF: Economic Profile of Tribal Areas in South Punjab: Analyzing Opportunities and Challenges for Sustainability

  Economic Profile of Tribal Areas in South Punjab: Analyzing Opportunities and Challenges for Sustainability

  Muhammad Hanif Akhtar, Muhammad Umer Quddoos, Mustansar Hayat

  https://doi.org/10.36923/jcmi.v2i2.470

  This research aims to examine the economic profile of tribal regions in South Punjab, focusing on the tribal areas of Taunsa Shareef. The analysis is both quantitative and qualitative. The independent variables include income, professional standing, social networking, land ownership, sources of credit, credit purpose, and savings, whereas the dependent variable is the economic profile index. A questionnaire survey and interviews were used to obtain data from 206 respondents and were analyzed using various statistical techniques such as correlations, regression, and analysis of variance tables. The findings reveal that the tribal districts of South Punjab have an unsatisfactory economic situation. Tribal people also have difficulties obtaining higher education, farming, and using government programs. There is a strong connection between independent and dependent variables in regression analysis. The most significant influencing element is determined to be one's professional position. According to the findings, the government should first offer essential services like education, health care, and infrastructure to tribal people in tribal regions to improve their economic situation and ensure sustainable growth. This study has presented several practical implications to be considered by policymakers.

  pp. 1-10 Abstract views:178 Downloads:71

• 10 Pages Download PDF: An Empirical Analysis of SMEs Growth and its Contribution in Poverty Reduction of Pakistan

  An Empirical Analysis of SMEs Growth and its Contribution in Poverty Reduction of Pakistan

  Ruksana Rasee, Gull Rukh Jajja, Mazhar Nadeen Ishaq

  https://doi.org/10.36923/jcmi.v2i2.466

  This study establishes a linkage between small and medium enterprises (SMEs), economic growth and poverty reduction. The small enterprises are main tools for social integration, innovation, employment generation, and poverty reduction. The information and dataset for study was from the period of 1980 to 2020 and it was collected from different reliable national and international organizations. The multiple regression model have been used for data analysis. The empirical results showed a strong inverse relationship between SMEs growth level and poverty level. The results confirm a strong and positive relationship exist between gross domestic product and SMEs development. This relationship was justifiable because establishing more small and medium enterprises can be helpful in employment generation, local production sector, contribute in economic growth and poverty alleviation of Pakistan. The economic policy makers may focus to subsidize the small enterprises as a policy tool. Financial markets may facilitate the potential SMEs by providing them ease in commercial transactions and capital flow.

  pp. 11-20 Abstract views:170 Downloads:88

• 12 Pages Download PDF: Twin Deficit Hypothesis in Selected Low Income Countries

  Twin Deficit Hypothesis in Selected Low Income Countries

  Sohail ur Rasheed, Hamna Haq

  https://doi.org/10.36923/jcmi.v2i2.467

  This study expressed the association between fiscal deficit and current account deficit in low income countries (LIC) by using the panel data for the period from 2000 to 2016. The augmented Dickey Fuller test is applied in order to show the co-integration between the variables. The study emphases to show the association between twin deficit hypotheses. The results of the models showed that relationship between Current Account Balances (CAB), Fiscal Deficit (FD), Real Effective Exchange Rate (REER), Gross Fixed Capital Formation (GFCF), GDP Per Capita Growth (GDPPCG) and Trade. The REER has negatively affects the CAB. However, FD, GFCF, GDPPCG and trade have positive effects on the CAB. From the policy prospective, in order to decrease the fiscal deficit, the authorities should extremely follow the policy measures that would be able to decline the current account deficit.

  pp. 21-32 Abstract views:115 Downloads:58

• 11 Pages Download PDF: Impact of Globalization on Economic Growth: Evidence from Pakistan

  Impact of Globalization on Economic Growth: Evidence from Pakistan

  Muhammad Ali Gardezi, Muhammad Aurmaghan, Muhammad Ali Nawaz

  https://doi.org/10.36923/jcmi.v2i2.468

  The main purpose of the present study is to analyze whether or not globalization affects economic growth in Pakistan. Time series data was collected from Pakistan covering the time period from 1990-2019. A time series Autoregressive Distributed Lag model is used to establish long-run and short-run relation between economic growth and globalization. Error Correction Model is also used to check the short run and long run relationship among the economic growth and globalization. For directional relationship, the Granger Causality test is being employed. The conclusions of the study showed a negative and significant association between Economic Globalization and Growth. On the other hand, there is positive and significant association between Political Globalization and Growth. While the relationship between Social Globalization and Growth was founded positive and significant.

  pp. 33-43 Abstract views:311 Downloads:95

• 15 Pages Download PDF: Asymmetric Impact of Interest Rate, Exchange Rate and Oil Prices on Stock Price of BRICS

  Asymmetric Impact of Interest Rate, Exchange Rate and Oil Prices on Stock Price of BRICS

  Aurangzaib, Muhammad Ali Gardezi, Muhammad Samar Abbas

  https://doi.org/10.36923/jcmi.v2i2.469

  The degree of variance in the stock price over time is known as volatility. Many factors influence the stock price, including demand, supply, and macroeconomic policy. Stock traders take more risks while investing in a tumultuous market. This study envisages the asymmetric impact of interest rate, exchange rate and oil price on stock price in the case of BRICS economies. Asymmetric ARDL approach is employed to unveil the asymmetric long-run connection among the variables from 1990 to 2017. The findings revealed that there is an asymmetric relationship between interest rate and stock prices in all of the economies studied. However, it has been confirmed that a negative interest rate has a greater impact on stock prices than a positive interest rate. Furthermore, the results indicate that in all of the selected economies an asymmetric link exists between the exchange rate, oil price, and stock prices. It is also established that a negative change in the exchange rate and the oil price has a greater impact on stock prices than a positive change in the exchange rate and the oil price. The results of the study confirmed the existence of an asymmetry link between interest rates and stock prices in BRICS countries, indicating that positive and negative interest rates have different effects on stock price volatility, which must be taken into account when developing a policy.

  pp. 44-58 Abstract views:117 Downloads:46