Evaluating the Sustainability of Public Debt in the Presence of Current and Fiscal Accounts Deficit in Developing Countries
We estimate the public debt sustainability for 53 developing countries divided into different regions using data from 1996 to 2017. Sustainability of public debt calculation is based on theoretically derived models with necessary and sufficient conditions. Current study empirically validates the importance of least evident saving-investment gap along with other variables in public debt sustainability issue. Findings show that current account, fiscal account and saving-investment gap imbalances cause unsustainable public debt for all different regions which is a matter of great concern for each region. Policy makers of the developing countries must bring policies to promote investment activities backed by saving not by debt.
-
Debt Sustainability, Current Account, Fiscal Account, Saving Investment Gap, Developing Countries.
-
(1) Ayaz Khan
PhD scholar, Department of Economics, Abdul Wali Khan University Mardan, KP, Pakistan.
(2) Zahoor Ul Haq
Professor, Department of Economics, Pakhtunkhwa Economic Policy Research Institute, Abdul Wali Khan University Mardan, KP, Pakistan.
(3) Javed Iqbal
Assistant Professor, Department of Economics, Pakhtunkhwa Economic Policy Research Institute, Abdul Wali Khan University Mardan, KP, Pakistan.
A Fresh Perspective on Female Entrepreneurship: An Insight from Pakistan
his research explores the dynamics of women entrepreneurs in the context of Khyber Pakhtunkhwa (KP), Pakistan. Underpinning on contemporary literature on drivers and barriers of women entrepreneurs, this research argues that literature and empirical evidences on negotiations is scarce and underdeveloped. Therefore, capitalizing on an interpretive qualitative assumption, this research collected date through semi-structured interviews and analyzed through thematic analysis. Conceptually, this research provides a fresh and novel perspective by providing interesting inside from empirical evidences. This research concludes that women entrepreneurs in Peshawar, Pakistan cultural and social constraints. However, personal motivation and family support helped them to negotiate with these constraints.
-
Entrepreneurship, Women Entrepreneurship, Developing countries, Pakistan
-
(1) Shahwali Khan
Assistant Professor,Management Sciences,Institute of Management Sciences, Peshawar, KP, Pakistan.
(2) Mohammad Sohail Yunis
Assistant Professor, Management Sciences, Institute of Management Sciences, Peshawar, KP, Pakistan
(3) Fahad Abdullah
Associate Professor,Management Sciences, Institute of Management Sciences, Peshawar, KP, Pakistan.