SEARCH ARTICLE

05 Pages : 42-49

http://dx.doi.org/10.31703/gssr.2020(V-IV).05      10.31703/gssr.2020(V-IV).05      Published : Dec 2020

Inclusive Growth Measurement Under Different Political Regimes of Pakistan

    Existing literature focuses on the determinants and ways to enhance economic growth. This, however, neglects the growth benefit to society. Distribution aspect of economic growth is ignored in the previous decades. As a result, the world cannot enjoy the benefits of economic growth. In this paper inclusive growth index (IGI) is used which is constructed by the Asian Development Bank, 2011 to investigate whether the economic growth in Pakistan creates opportunities for the entire population on an equal basis and how political regimes affect the inclusive growth. Performance of the sixteen indicators of inclusive growth index is assessed over the period of 1978-2014, under two Democratic and two dictators' regimes. The result of the study shows that inclusive growth in Pakistan is low. However, the trend of inclusive growth in Pakistan is positive. Inclusive growth can be increase by increase the pace of economic growth besides democratic culture.

    Inclusive Growth, Economic Growth, Political Economy, Political regimes, Democracy, Dictatorship.
    (1) Muhammad Masood Anwar
    PhD Scholar, Kashmir Institute of Economics, University of Azad Jammu & Kashmir Muzaffarabad, Pakistan.
    (2) Aftab Anwar
    Assistant Professor, Department of Economics, University of Education, Lahore, Punjab, Pakistan.
    (3) Ghulam Yahya Khan
    Assistant Professor, Kashmir Institute of Economics, University of Azad Jammu & Kashmir Muzaffarabad, Pakistan.

43 Pages : 400-409

http://dx.doi.org/10.31703/gssr.2020(V-III).43      10.31703/gssr.2020(V-III).43      Published : Sep 2020

Exploring the Factors Affecting Economic Growth in Pakistan

    Economic growth varies across different countries. Various potential factors have been identified over the years, but finding relevant determinants of growth has been a real issue for empirical investigation. This paper has attempted to examine different macro-economic variables that play a significant role in accelerating economic growth from 1970 to 2019. The econometric results show that human capital, financial development, and industrial production are the encouraging factors of economic growth, while the variable trade openness shows a negative effect on economic growth in Pakistan. Government should design policies to invest inhuman capital and fixed assets; this will create job opportunities for the people and leads to high economic growth.

    Exports, Economic Growth, Human Capital, Investment
    (1) Salyha Zulfiqar Ali Shah
    Assistant Professor, School of Economics, Bahauddin Zakariya University Multan, Punjab, Pakistan.
    (2) Muhammad Muzammil Asghar
    Crop Reporter, Crop Reporting Service, District Multan, Punjab, Pakistan.
    (3) Umber Riaz
    Ph.D. Scholar, Institute of Social and Cultural Studies, Bahauddin Zakariya University Multan, Punjab, Pakistan.

01 Pages : 1-9

http://dx.doi.org/10.31703/gssr.2020(V-II).01      10.31703/gssr.2020(V-II).01      Published : Jun 2020

Covid-19: Studying Policy Gap in Relation to Role of Primary Health Care in Pakistan

    The novel COVID-19 pandemic is yet to unfold its impact and long-run consequences. Both developed and developing nations are trying their level best to cope and address the current situation in their respective affected regions with the help of the international guidelines and through their own experiences. The policies play an effective and efficient role in understanding different dimensions of the practices including social distancing, washing hands, wearing masks and most above all the lockdown. Such series of actions demand strong policy and learning both from global scenarios and national or provincial experiences. This study suggests how the policy gap may be identified to especially link the primary health care for the adequate response to this challenge. The study covered the editions of the latest news journals, newspapers, websites published between the months of March 2020 to April 2020 because the Pandemic paced up in these months.

    Primary Health Care, Quarantine, Health Care Resources, Economic Burden
    (1) Shaheer Ellahi Khan
    Assistant Professor, Department of Humanities and Social Sciences, Bahria University Islamabad, Pakistan.
    (2) Abid Ghafoor Chaudhry
    Chairman, Department of Anthropology, PMAS Arid Agriculture University Rawalpindi, Punjab, Pakistan
    (3) Mahwish Zeeshan
    Lecturer, Department of Anthropology, PMAS Arid Agriculture University Rawalpindi, Punjab, Pakistan.

25 Pages : 260-272

http://dx.doi.org/10.31703/gssr.2020(V-II).25      10.31703/gssr.2020(V-II).25      Published : Jun 2020

The Impact of Key Macroeconomic Determinants on Pakistan's Economy

    This paper intended to analyze key Macroeconomic factor’s effect on Pakistan’s economic development. The annual time-series data has been taken from 1980 to 2018 on External Debts, Foreign Direct investment. Consumer Price Index and Term of Trade. Variables stationarity is analyzed by ADF and Ng-Perron tests; afterwards, JJ test and Granger Causality test are used for Long-run (LR) & Short-run(SR) associations between variables, respectively. Also, Residuals Diagnostic Test used for checking residuals assumptions and CUSUM and CUSUMSQ are used for checking parameter constancy. The result shows significantly negative and positive long-run effects of External Debts and Foreign Direct Investment (FDI) respectively on the economic growth of Pakistan. Albeit, Consumer Price Index (CPI), Term of Trade (TOT) and, FDI significantly Granger cause economic growth in the short-run. Research suggests that economic policies devised in such a way that deteriorates External Debts and attract foreign investments and strengthen the economic growth of Pakistan in the long-term.

    Johansen’s Co-Integration Method; Granger Causality; External Debt; Economic Growth
    (1) Faaeza Atiq
    University of Karachi, Sindh, Pakistan.
    (2) Mudassir Uddin
    Professor, Department of Statistics, University of Karachi, Sindh, Pakistan.
    (3) Irfan Hussain Khan
    Department of Economics, Government College University Faisalabad, Punjab, Pakistan.

02 Pages : 11-20

http://dx.doi.org/10.31703/gssr.2020(V-I).02      10.31703/gssr.2020(V-I).02      Published : Mar 2020

The Transition from a Command to a Market Economy: Is Kazakhstan a Success Story in terms of Economic Performance?

    Kazakhstan has made considerable progress in shifting from command to a market economy. The transition process towards a “market economy was expected to enhance the economic performance” of the country which in turn was anticipated to uplift the life of a common man. This study, therefore, aims“ to examine the impact of economic freedom on economic growth” of Kazakhstan. The results indicate that though the reform process of Kazakhstan is in a transition phase, yet economic freedom has contributed positively“ towards the economic growth” of the country.“The results also indicate that in sub-indicators of economic freedom, monetary freedom” and protection of property right have contributed to the growth of Kazakhstans economy while an increase in government size impedes the economic growth of the country."

    Transition, Market economy, Reforms, Economic Freedom
    (1) Shaukat Hussain
    PhD Scholar,Department of International Relations,Preston University, Islamabad, Pakistan.
    (2) Javed Iqbal
    Associate Professor,School of Economics, Quaid-i-Azam University, Islamabad, Pakistan.
    (3) Zulfaqar Ali Chughtai
    Professor,Department of International Relations, Preston University, Islamabad, Pakistan.

10 Pages : 95-101

http://dx.doi.org/10.31703/gssr.2020(V-I).10      10.31703/gssr.2020(V-I).10      Published : Mar 2020

Study of Socio-Economic Background and its Effect on the Ability of English Reading Skills at Secondary School Level

    The study aims to see the effect of the socio-economic background of learners on their language skills of 9th class students in public sector schools in southern districts of Khyber Pakhtunkhwa. The Stratified simple random sampling technique was adopted following Krejcie and Morgan rule and 379 respondents were consulted for data collection. Two valid and reliable instruments were applied, first, the socioeconomic status scale and then test were conducted for finding ability in reading skills i.e. comprehension, fluency, identification of adverb, to skim and to scan the passages. Data was analyzed through mean; for checking the outcome of SE background on the reading skills, the mean of means was calculated. The students who have a supportive environment at home for English performed better in test scores of comprehension, fluency, adverb identification, skimming and scanning. The study recommends that students may be supported at home for polishing their reading skills.

    Socio Economic Background, Effect, Reading Skills
    (1) Shehla Sheikh
    Ph.D Scholar,Institute of Education and Research,Gomal University, D.I.Khan, Kp, Pakistan.
    (2) Allah Noor Khan
    Assistant Professor,Institute of Education and Research,Gomal University, D.I.Khan, Kp, Pakistan.
    (3) Mazhar Gul
    Lecturer, Department of Education, Preston University, Kohat, Kp, Pakistan.

01 Pages : 1-7

http://dx.doi.org/10.31703/gssr.2019(IV-IV).01      10.31703/gssr.2019(IV-IV).01      Published : Dec 2019

Tripartite Globalization in Afghanistan in Rahman's In The Light Of What We Know

    Globalization is the instrument of disintegration and weakening of nations through a vast network of transnational companies and their monopoly on global markets that destabilize a nations economy by enhancing the interdependence of the countries and weakening the nation-states grip over its geographical borders. Rahman in his novel In the Light of What We Know (2014) shows Afghanistan as a victim of tripartite – economic, cultural, political – globalization. Using Spencer & Wollmans (2002), Appadurais (2005) and Giddens (1990) critique and analyses of globalization, this study explores how Afghanistan has been gripped by the forces of globalization. Raemdoncks (2013) conceptualization of three dimensional global games of chess – great game, little game, and domestic game – being played by America, Pakistan, and Saudi Arabia, ISI and NGOs in Afghanistan chalks out the American designs of getting access to the oil and gas reservoirs in Afghanistan and Central Asian states.

    Globalization, Economic liberalization, Capitalist Globalization, Afghanistan
    (1) Atta-ul Mustafa
    PhD Scholar, English Literature, Department of English, GC University, Faisalabad, Punjab, Pakistan.
    (2) Ghulam Murtaza
    Associate Professor, Department of English,Government College University, Faisalabad, Punjab, Pakistan.
    (3) Shaheena Bhatti
    Professor, Department of English, Fatima Jinnah Women University, Rawalpindi, Punjab, Pakistan.

45 Pages : 349-363

http://dx.doi.org/10.31703/gssr.2019(IV-III).45      10.31703/gssr.2019(IV-III).45      Published : Sep 2019

Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies

    Economic growth process is explained by many scientists in order to materialize a cherished objective of economic growth across the globe. In the current study, convergence among developed, developing and emerging countries has been estimated. Convergence process was estimated by employing sigma, beta and omega techniques. Analysis was done for three time periods i.e. from 1980 to 2018, from 1980 to 2000 and from 2001 to 2018. Sigma and beta analysis for the period from 1980 to 2000 showed divergence among countries however there are difference among developed, developing and economies Omega analysis showed divergence of developed countries and convergence among developing and emerging countries. Last analysis from 2001 to 2018 showed convergence among countries. The results are consistent with the adoption of information technology. Therefore, fast spillover effects of information technology help the countries in convergence process and make this world a global village.

    Convergence; Divergence; Economic Growth; Information Technology Spillover; Developed; Developing Economies.
    (1) Babar Hussain
    PhD Scholar, Department of Economics,Government College University Faisalabad, Punjab, Pakistan.
    (2) Muhammad Rizwan Yaseen
    Assistant Professor,Department of Economics, Government College University Faisalabad, Punjab, Pakistan.
    (3) Sofia Anwar
    Professor,Department of Economics, Government College University Faisalabad, Punjab, Pakistan.

21 Pages : 158-164

http://dx.doi.org/10.31703/gssr.2019(IV-II).21      10.31703/gssr.2019(IV-II).21      Published : Jun 2019

Role of Energy in Economic Growth of Pakistan (1972-2015)

    This paper highlights the importance of energy in the determination of growth for economy of Pakistan. This study has been taken for the period of 1972-2015. Along with energy consumption some other important variables are also put into investigation. The Johansson co-integration estimation technique has been used to estimate the required impact. The results show that energy consumption contributed positively and significantly to long run economic growth. While the said impact is statistically insignificant in the short run, the study suggested on the basis of results that energy sources should be explored to boost which may possible to satisfy the energy need of the country and to get guaranteed economic growth in the long run. Therefore, Government should pay special attention toward the country’s energy sector to stabilize the economy which assures prosperity in the country.

    Energy Consumption, Economic Growth, Johansen CoIntegration and Pakistan.
    (1) Sher Ali
    Assistant Professor,Department of Economics,Islamia College Peshawar, KP, Pakistan.
    (2) Fazle Wahid
    Assistant Professor, Department of Economics, Islamia College Peshawar, KP, Pakistan.
    (3) Abid Ali
    Lecturer, Department of Economics, Islamia College Peshawar, KP, Pakistan.

24 Pages : 182-189

http://dx.doi.org/10.31703/gssr.2019(IV-II).24      10.31703/gssr.2019(IV-II).24      Published : Jun 2019

Chinese World Order and Pakistan: Emerging Trends and Prospects

    Economic recession of 2009 marked the end of the US dominance in the world. The subsequent period brought transition in the global order. China stepped forward by taking “Belt and Road Initiative (BRI)”, establishing Asian Infrastructure Investment Bank (AIIB) and creating alternative forums to engage various regions by assuming a global role. Chinese World Order here is not aimed at referring to the world dominated by China but Chinese sphere of influence with its greater role. Pakistan’s profile has improved with success against terrorism, Chinese investment and interest by other countries to invest under China Pakistan Economic Corridor (CPEC). CPEC is a flagship project of BRI which enables Pakistan’s growth and extend it economic integration with China. Pakistan’s close partnership with China enables it to play a greater political role in South Asia, Central Asia, Middle East, the Islamic world and the world at large.

    Belt and Road Initiative, Economic Recession, Chinese Sphere of Influence, Chinese World Order, New World Order, Global Governance
    (1) Hafiz Muhammad Shahzad Qasim
    PhD Scholar, International Islamic University, Islamabad, Pakistan.
    (2) Noor Fatima
    Assistant Professor,Department of Political Science and International Relation, International Islamic University, Islamabad, Pakistan.
    (3) Musharaf Iqbal
    Assistant Professor (visiting), International Islamic university Islamabad, Pakistan.