Department of Economics

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    How do the foreign investment, migration and global value chains (GVC’s) affect the trade liberalization in Belt and Road Initiative countries.
    (2022) Faiza Akram; SP20-REC-005; LHR TP 8080; Dr. Wajiha Manzoor
    The belt and road initiative is a fantastic opportunity for international trade of these by increasing their share in global trade. This study investigates the effects of foreign investment, global value chains, financial development, and migration on international trade liberalization from 1998 to 2020. The data of this study is based on belt and road initiative countries by analyzing with panel regression, Hausman test, ordinary least square, and yearly fixed models to evaluate the nexus between the variables. Moreover, Generalize Method of Movement (GMM) is performed to check the endogeneity issues in panel data. The study's findings suggested that foreign direct investment and migration enhance trade openness. At the same time, trade liberalization is associated with fewer global value chain integrations. The evidence in this study supports that political stability, domestic financial development, and gross domestic product are important factors of trade openness. This study suggests policy proposals for improving trade openness and foreign direct investment. Because of international trade, it is advised to reduce global trade barriers.
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    IMPACT OF BRAIN DRAIN ON ECONOMIC GROWTH OF PAKISTAN
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) JAVERIA KASHIF; SP20-BEC-002; HINA AMIR
    This study aims to find out how Pakistan's economic growth is affected by brain drain. It has used time series data of 1990-2019 over a period of 30 years. In this study the dependent variable is GDP with health expenditure, human development index, population growth and net migration rate as independent variables. The long- and short-term relationships between the variables are ascertained using the autoregressive distributed lag error correction model. ADF unit root test exhibit that the variables are stationary or not. The empirical results found that in the long run there is positive impact of HDI, health expenditures, and population expenditures on economic growth while net migration rate is having negative impact on economic growth of Pakistan. In the short run health expenditure has negative impact on economic growth while net migration rate, HDI and population growth positively affect economic growth of Pakistan.
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    The impact of urbanization, infrastructure development and FDI on Pakistan’s economic growth
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) Samar Shahid; SP20-BEC-001; Dr. Maaida Hussain Hashmi
    The aim of this paper is to examine the impact of the strategic pillars of growth in Pakistan, which include foreign direct investment inflows, urbanization rate, youth dependency ratio, and investment in electricity. We used a bound test and error correction model of auto-regressive distributed lag (ARDL) over the period of 1999 to 2022. The findings state that these variables are negatively correlated with GDP growth rate, which means they have a significant but declining effect on the long-run economic growth of Pakistan. Based on the findings and policy recommendations, the nation can excel with the right planning on urbanization, youth development initiatives and proper foreign investments in local resources, uplifting employment, and industrial growth. It is recommended to the policymakers to analyze how and what policies to be implemented on these factors.
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    The Role of Foreign Remittances in Fostering the GDP of Pakistan
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2023) MUHAMMAD UMER; SP20-BEC-005; HINA AMIR
    The study is an addition to the research to examine the contribution that worker remittances provide to Pakistan's GDP. The analysis of the study concluded the impact of workers’ remittances, inflation, unemployment rate, emigrants, and total reserves on the GDP of Pakistan. Time series data (1993 to 2021) has been gathered from different authentic sources like the World Bank and IMF. The results of the ADF unit root test indicate that emigration and inflation are stationary at levels, whereas worker remittances, the unemployment rate, and total reserves are stationary at first difference. Both a long-term and short-term link between the variables is shown by the ARDL findings. The findings demonstrate that GDP is significant impacted by each independent variable. Furthermore, the study examined that the workers’ remittances and emigrants is positively related to the GDP of Pakistan while inflation, unemployment rate, and total reserves are negatively related to the GDP of Pakistan. The findings of this study will be a great contribution to the current research for policy recommendations.
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    Work Stress and Economic Productivity: A Case Study of the Textile industry in Pakistan
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2022) Imran Ishaq; SP20-REC-003; LHR TP 8689
    In Pakistan the textile sector contributes nearly ¼ of the industrial value-added products and provides 40% of the total industrial workforce. Additionally, the industry has an average share of 60% in national exports. It also contributes 8.5% to the national GDP. Job-related stress among organizations has converted a significant anxiety for establishments without an immunity for the textile and apparel manufacturing, constituting a significant portion of the manufacturing industry in developing nations. The textile industry needs to improve its supply chain, increase productivity, and maximize value addition to survive in the modern, intensely competitive global market (Shah, Warraich & Kabeer, 2012). Due to multiple factors, anxiety at work is disturbingly fetching a universal public health crisis. Among the most prevalent manufacturing sectors with higher rates of stress at work are fabric mill workers facing work stress worldwide, directly affecting the firm's Productivity, and ultimately negatively impacting economic growth throughout the industrial sector. Work-related stress is a problem that could result in severe social and economic consequences that could be prevented if appropriate measures are taken (Ahmed, 2008).