image description

Aim and Scope

Aims and Scope The JEMS provides prospective on topic relevant to research in the field of business, commerce and economics. Through its publication the journal contributes to the development to the theory and practice. The journal accepts academically robust papers that contribute to the area of research of the business management, commerce and economics. Papers submitted to the journal are double-blind reviewed by members... Read More

Current Issue



Volume 1, Issue 2, 2020

  • Click To

    Read More

  • Abstract

    The motive of present paper was to test the predictability of equity fund performance on the basis of fund variables. In this respect, five equity fund variables were selected namely past fund performance, flow, expense ratio, age and size. The data of seventeen equity funds for the time period June 2010 to June 2017 was collected. Moreover, Arellano and Bond (1991) dynamic panel data approach was employed to examine the predictability of fund performance. Results indicated significant negative influence of past fund performance and expense ratio on future performance of equity funds, however, no significant influence of past fund flow, age and size on future performance of equity funds was found. Overall results suggest that investors can predict future performance of equity funds on the basis of past performance and expense ratio. Moreover, predictability of performance can help investors in making optimal investment decisions. This study is novel in its nature as it examined the predictability of Pakistani equity fund performance by using dynamic panel data approach. Hence the research can be extended in other types of fund operating in Pakistan.

    Attached Document

    Download

    Authors

    Mubashar Tanveer

  • Click To

    Read More

  • Abstract

    This study examined the impact of reduction in energy poverty on environment. Energy poverty is defined in several ways like; percentage of household expenditure on energy uses or alternatively in terms of access to clean energy products and services such as electricity, natural gas and LPG etc. Pakistan Social and Living Standard Measurement (PSLM) data for 2013-14 is utilized to compute Multidimensional Energy Poverty Index. The index, based on data for different fuels for heating, lightening and cooking, is computed to assess incidence of energy poverty. The list of fuel includes firewood, coal, kerosene oil, Gas (Cylinder), Gas (Pipeline), electricity from regular distribution system of WAPDA and from Generators. Multidimensional Energy Poverty Index (MEPI) is showing that 69.67 percent households are deprived of clean fuel for cooking and 47.11 percent are deprived of clean fuel for heating. However, for lighting only 9.04 percent households do not have access to clean source. Furthermore, study finds that CO2 emissions can be reduced significantly through improving access (access through subsidization, regulation and increasing supply) of low income group to the energy mix of high income group. If highest income groups’ energy mix is available to poor, for cooking and heating purposes, the emissions will decline to 755.869 metric ton (per month) from current of 2039.520 metric ton (Per month). Per household will also decline by 44.69 kgCo/kwh if highest income group energy mix is available to all households .

    Attached Document

    Download

    Authors

    Amna Haleem, Muhammad Imran Khan and Fatima Athar

  • Click To

    Read More

  • Abstract

    This study aim was to examine the impact of reward and motivation to the satisfaction of job in private schools Kohat. Questionnaire was used as tool for collection information. Sample was the employee employees of secondary schools. Sample size was 120. SSPS was used for analyzing information. The result showed the relationship among the variables. The management should make mandatory on the job training and follow reward ad motivation principles for satisfaction of employees’ jobs.

    Attached Document

    Download

    Authors

    Aqal Amin Khattak, Muhammad Anus

  • Click To

    Read More

  • Abstract

    There has been Investigation of relationship among money supply, budget deficit and inflation in this research study. Data for the period 1990-2017 has collected from the state bank of Pakistan and World Bank economic indicators on their website. In analysis, we have used unit root test, regression analysis and co-integration test for applying to the information gathered through secondary resources. In findings, we have key outcomes that money supply and inflation have different effects on the fiscal deficit. Our result has supported a positive relationship in between fiscal deficit and money supply. We had also explored the negative relationship between inflation and fiscal deficit. This mention that government has to implement such policies, which can control the inflation and money, supply both for reduction in fiscal deficit. Increase in inflation, decrease in money supply and later increase in fiscal deficit make bad impact to the Economy of Pakistan.

    Attached Document

    Download

    Authors

    Masood Hassan , Mubashar Hassan Zia and Mirza Adeel Baig

  • Volume : 1 Issue : 1 Year: 2020

    DOES INFRASTRUCTURE CONTRIBUTE TO INCLUSIVE GROWTH?

    Click To

    Read More

  • Abstract

    In many developing countries, the problem of income inequality and unemployment is rising very fast while at the same time, most of the individuals living in these economies do not have access to basic necessities. Such a situation causes economic and social restlessness and calls for a change in economic strategies. For solutions, the concept of inclusive growth is emerging as a keynote discussion among economists around the world. Human and physical infrastructure is one of the strong candidates that can help fight against unemployment and poverty and takes the economy towards the road to inclusive growth. This paper examines their potential to contribute to more sustained and broadly based economic growth of Pakistan. Inclusive growth is measured by calculating the growth rate of human development index (HDI) based on UNDP’s (2011). Empirical findings of this study suggest that human and physical infrastructure positively and significantly affects inclusive growth. Thus, investment in human and physical infrastructure needs to be planned to support key growth corridors that foster economic advancements and help the masses to contribute to economic growth and benefit from it as well.

    Attached Document

    Download

    Authors

    Zakia Batool, Saba Bokhari and Muhammad Akbar

  • Click To

    Read More

  • Abstract

    The strategic objective of e-government is to promote efficient provision of public services. This study explores the effect of e-government on economic growth. A macroeconomic production function is used to examine the impact of e-government on economic growth. The archive data of 147 nations across the world over the years of 2003 to 2012 is employed and OLS and IV econometric techniques are used. The results exhibit that an increase in e-government adaption leads to high economic growth. The empirical findings of this research are robust to various control variables, to endogeneity problem and to different specifications of the model.

    Attached Document

    Download

    Authors

    Amna Malik and Muhammad Tariq Majeed

  • Click To

    Read More

  • Abstract

    This study aimed to investigate the role of the High performance work practices (HPWP) on Value Co creation (VCC) with mediating role of work engagement (WE). Primary data were collected based on 250 employees working in automobile sector. The data was analyzed using statistical tool like Mean, Confirmatory Factor Analysis (CFA), Structural Equation Modeling (SEM), correlation and validity analysis in SPSS v.21 and AMOS v.21. The findings of the study disguised that high performance work practices is an important factor to value co creation hence work engagement also proved to be important indicator to boost practices of employees in organization. The data collected through on site survey technique. The sample was drawn from Pakistan especially from automobile sector. Implication is first, that organizations in addition to investing in different initiatives should also invest particularly for value co creation to achieve purpose through high performance work practices in automobile sector. Second, to advance effectiveness and acceptance of work engagement in organization, manager needs to ensure employee is integral part of organization which will enhance their practices and value co creation for customers.

    Attached Document

    Download

    Authors

    Ahsan Javaid, Usman Javaid

  • Click To

    Read More

  • Abstract

    The study investigates the association of educational expenditure and income inequality with economic growth in Pakistan, by using the annual time series data from 1980 to 2019. The ARDL bound testing co-integration approach confirms that there is long run relationship between the variables. The study includes economic growth as dependent variable whereas, education and income inequality as repressors. The results indicate that education is positively and significantly correlated with economic growth. While income inequality is negatively and significantly correlated with economic growth in long run and short run. According to the finding it is recommended that development in education sector is efficient policy to increase Economic growth and to improve the income distribution in Pakistan.

    Attached Document

    Download

    Authors

    Faheem Riaz, Rakia Nasir and Wajiha Nasir

  • Click To

    Read More

  • Abstract

    This paper examines how the economic growth of different sectors affects poverty in Pakistan uses the time series data over the period 1973-2016. The ARDL co-integration approach has been applied to investigate the impact of sectoral growth on aggregate as well as disaggregated poverty in the long run and short run. The results indicate that industrial growth reduces total, rural and urban poverty significantly while the performance of services sector affects the composition of poverty insignificantly. The agricultural sector growth has a negative impact on aggregate poverty while it has an insignificant impact on disaggregated poverty.

    Attached Document

    Download

    Authors

    Safdar Ali, Khalil Ahmad and Muhammad Shahid

  • Click To

    Read More

  • Abstract

    This paper critically evaluates the concept of Musharakah Mutanaqisah financing and its related issues. In recent years, Islamic banks and financial institutions have frequently practised Musharakah Mutanaqisah as an investment and financing tool, along with Muzarbah, Murabahah and Ijarah. Musharakah Mutanaqisah is a partnership contract between two parties, wherein one partner gradually buys the whole property. After the formation of partnership, the transaction starts and sale and purchase of the property take place between the partners. It is imperative that this buying and selling should not be stipulated in the partnership contract. Moreover, the buying and selling agreement must not be conditional to the partnership contract. The researcher concludes with a few suggestions and recommendations to improve and get acceptance of this product in future.

    Attached Document

    Download

    Authors

    Imran Abbas, Muhammad Amjad and Sumaira Batool

  • Click To

    Read More

  • Abstract

    Kasur is well-known for its enormous leather industry, however the city pays a high price in terms of water pollution as a result of this business. Water within a broad radius of this leather manufacturing sector has been designated unfit to drink. As a result, this contaminated water has a negative impact on human health. This research is a small attempt to investigate the problems produced by water contamination. Surveillance was carried out in Kasur for this aim, and the results were assessed. Both males and females had a high prevalence of morbidity from various diseases, according to the findings.

    Attached Document

    Download

    Authors

    Gulfam Hussain

  • Click To

    Read More

  • Abstract

    Since the 1990s, developing countries shifted their trade policy from inward-oriented strategy to outward-oriented strategy because of the conditions imposed by international lending institutions for granting loans to developing countries. This span of trade liberalization in the developing countries is also marked with rising wage dispersion and dismal employment growth in these economies. So, the current study aims to investigate the impact of trade liberalization on employment and wages within the 30 developing countries over the period 2000 to 2019. To investigate empirical connections between trade, employment and wages, reduced form equations of labor demand and wages have been devised. The study has applied Generalized Method of Moments estimation techniques to estimate labor demand and wage equations to tackle the problem of endogeneity. The empirical findings of the study predict that trade liberalization has significant adverse effect on both labor demand and wages. However, the magnitude of the influence of trade on both one is small. Similarly, wages, employment level, output and real exchange rate are affecting employment and wages significantly. While ILO ratifications are significant only when KOF trade globalization is used as measure of liberalization, and time trend is significant only when weighted tariff rate is used as a measure of liberalization. To craft a multilateral and effective policy development, both real output and workers’ skill should be the focus of economic managers of the developing economies to reap the benefits of trade liberalization.

    Attached Document

    Download

    Authors

    Najia Mughal, Ghulam Shabbir, Shabib Haider Syed

  • Click To

    Read More

  • Abstract

    In this article the reader’s will able to read opinion and context regarding children of female prisoners in the prison and outside the prison regarding education with or mental health, which taken as the hidden consequences of the circumstances. The emphasis lies into the fact that a voice of gross attention with loud should be given by the civil society and social activists. This study encompasses the key issues regarding the children within jail or outside the jail of incarcerated mothers; the survey has been made for these children for opinion and condition analysis for the impact upon their lives of incarcerated mothers. The situation of these children is the ignorance is the blessing. Our concerns are vital that this vice of attention should be taken by all and sundry.

    Attached Document

    Download

    Authors

    Anum Khalid Mirza, Muhammad Bashir Khan, Naveed Yousaf SAndhu

  • Click To

    Read More

  • Abstract

    Determinants of foreign direct investment (FDI) is the key area of research in development economics. Earlier studies did not give due weight to the segregation of analysis across economic, social, and institutional factors for FDI. This study specifically attempts to explore the intervening role of social and institutional factors which affects the relationship between economic factors and inward FDI. For this purpose, three segregate models relating to economic, social, and institutional factors along with a composite model comprised of all these factors are taken into consideration in this study. Panel data utilized is related to South Asian countries from 2008 to 2016. In the light of Breusch-Pagan LM Statistics, Pooled OLS estimates are preferred for analyses. This study leads to the conclusion that in segregation analysis economic factors and institutional factors have an important role in attracting FDI, but social factors have no significant role in this regard. The intervening role of social and institutional factors is not found in this study. The only factors which are recognized in the composite analysis are economic. Enlarged market size having an efficient financial market with no inflationary pressure is found to be an economic environment in the South Asian region which is helpful for attracting FDI. The rule of law is not found to be an effective characteristic for inward FDI. This study suggests that if the goal of South Asian countries is attracting FDI, then they should work on the economic environment but on the contrary if objective is prudent utilization of FDI then economic environment and governance are complements.

    Attached Document

    Download

    Authors

    Nayyra Zeb, Ishtiaq Ahmad, Ali Azam, Hafeez Ur Rehman

  • Click To

    Read More

  • Abstract

    This study investigates the income elasticity of health in rural areas of Pakistan. It was conducted during 2019-20 to find out the responsiveness of health expenses proportionate to the earnings of rural people of the country. Multistage sampling technique was used for data collection from 180 respondents from two districts, i.e., Toba Tek Singh district from Punjab province and Tando Allahyar district from Sindh province. The respondents were categorized into three income groups – low, medium, and high – and were interviewed to find out that what portion of income of each group is being directly or indirectly on their health and wellness. The findings show that the low, medium, and high-income groups were spending about 17.7, 7.7 and 4.2 percent of their income on health and wellness, respectively. Further, it was observed that with the increase of income, the low income group will spend another 8.8 percent on health as compared to the medium, and high-income groups, who will lower the expenses on health by 0.6 and 0.09 percent, respectively. Due to large family size i.e., 9.7 persons per family, most of them were unable to fulfill the basic nutritional requirements in daily food. Moreover, in case of emergency, low-income group either uses home-made medicines (totkas) or pays visits to the unauthorized doctors called hakeem. While medium and high-income groups prefer to visit the private hospitals, due to insufficient healthcare facilities at the public hospitals. The research suggests that the public health facilities should be improved and extended to rural areas; and the health insurance policies should be introduced for low-income groups of the country.

    Attached Document

    Download

    Authors

    Habibullah Magsi, Mukhtiar Memon, Muazzam Sabir, Inayatullah Magsi, Nadeem Anwar

  • Click To

    Read More

  • Abstract

    This research aims to investigate the nexus between urbanization environmental degradation and economic growth in BRICS (Brazil, Russia, India, China, South Africa) economies. This relation is still under question. Some researcher shows positive affiliation of urbanization with economic growth and environmental degradation while some show negative. But truth is that urbanization environmental degradation and economic growth are correlated to each other. For the analysis, data is taken from the period 1990 to 2018. Two models are created the first model shows the urbanization nexus with economic growth and the second is showing the nexus of environmental degradation and economic growth. The GDP is the dependent variable in both model and independent variable are labor force participation rate, carbon dioxide emission, gross fixed capital formation, trade openness, exchange rate, school enrollment, real interest rate, urbanization growth, and poverty headcount. Annual data is collected from the world indicator file. To check the correlation between variables, panel co-integration analyses such as Pedroni co-integration test, and Kao residual co-integration tests are applied. Panel co-integration tests are employed on two models separately. Both FMOLS models estimated the relevance. A causality test is also applied. The concluding effect shows that in BRICS urbanization has a positive effect on economic growth and a negative effect of environmental degradation on economic growth. The current study base on the least considered variables panel cointegration test FMOLS technique is used.

    Attached Document

    Download

    Authors

    Hina Ali, Nargis Ejaz

  • Volume : 2 Issue : 1 Year: 2021

    THE IMPACT OF MONEY SUPPLY ON INFLATION IN PAKISTAN

    Click To

    Read More

  • Abstract

    This study examines the relationship between inflation, Money supply, interest rate and unemployment in Pakistan using annual time series data from 1987 to 2019. Inflation is used as the dependent variable and money supply (M2), unemployment and interest rate as the independent variable. Discount rate is used as the proxy of the interest rate. The results of ADF unit root test shows that variables have different order of integration. The study used ARDL cointegration approach to test the long run and short run for the existence among the variables. The results found that there is long run as well as short run relationship among the variables.

    Attached Document

    Download

    Authors

    Rakia Nasir, Rozina Waheed, Wajiha Nasir

  • Click To

    Read More

  • Abstract

    This study has chosen top three economies of the world to explore the relationship between energy consumption and economic growth by using annual data from 1985-2020. The results of ARDL approach shows that energy has a positive and significant impact on the economic growth of USA, China and Japan. Japan is the largest beneficiary in the short run as well in the long run, followed by USA and China.

    Attached Document

    Download

    Authors

    Muhammad Ghulam Shabeer, Shoukat Riaz, Faheem Riaz

  • Click To

    Read More

  • Abstract

    This study aims to analyze the impact of different deriving forces like trade balance, capital, inflation rate, exchange rate and government fiscal measures on economic growth of Pakistan during the period 1977 to 2019. The empirical results are tested through ARDL co-integration method which indicates that capital, inflation rate, exchange rate and tax revenues have significant long term and short term relationship with economic growth.

    Attached Document

    Download

    Authors

    Rozina Waheed, Farrah David

سایت شرط بندی بازی انفجار با ضرایب بالا بهترین سایت پیش بینی فوتبال آموزش شرط بندی فوتبال سایت شرط بندی حضرات ریچ بت گاد بت سایت نیلی افشار سایت هات بت دنیا جهانبخت در شهروند بت آدرس سایت لایو بت در شهروند بت آدرس سایت تاینی بت در شهروند بت آدرس سایت یلماست بت در شهروند بت سایت ای بی تی 90 در شهروند بت پابلو بت در شهروند بت سایت هیس بت مهراد جمح ولف بت میلاد حاتمی در شهروند بت بازی انفجار چیست در شهروند بت آموزش بازی انفجار آدرس سایت شرط بندی حضرات بت پویان مختاری سایت شرط بندی هات بت دنیا جهانبخت سایت بازی انفجار تاینی بت هیس بت سایت شرط بندی سایت شرط بندی یلماس بت ندا یاسی سایت شرط بندی سیب بت سایت جت بت سایت abt90 ساشا سبحانی سایت شرط بندی لایو بت آموزش بازی انفجار آموزش هک بازی انفجار الگوریتم بازی انفجار بهترین سایت بازی انفجار آنلاین دانلود اپلیکیشن بازی انفجار شرط بندی ترفندهای برد بازی انفجار روبات تشخیص ضریب بازی انفجار آموزش برنده شدن در بازی انفجار آدرس سایت بت هیس بت سایت مهراد جم جت بت سایت میلاد حاتمی آدرس سایت تاینی بت آدرس سایت لایو بت داوود هزینه آدرس سایت حضرات پویان مختاری آموزش حرفه ای بازی انفجار آموزش بازی حکم در پرشین بت آموزش پیش بینی فوتبال در پرشین بت بهترین سایت های شرط بندی ایرانی آموزش بازی انفجار تاینی هلپ آموزش بازی انفجار سایت هیوا نیوز اخبار سلبریتی ها تاینی نیوز google bahis online bahis siteleri casino FaceBook twitter آدرس جدید سایت بت فوروارد فارسی آدرس جدید سایت سیب بت بیوگرافی دنیا جهانبخت آموزش بازی انفجار آنلاین برای بردن سایت شرط بندی حضرات پویان مختاری سایت ای بی تی 90 ساشا سبحانی سایت پیش بینی فوتبال پرشین بت آموزش قوانین بازی پوکر آنلاین شرطی خیانت پویان مختاری به نیلی افشار سایت لایو بت داوود هزینه سایت پابلو بت علیشمس سایت تاک تیک بت سایت شرط بندی حضرات بت اپلیکیشن بت فوروارد دنیا جهانبخت کیست سایت شرط بندی هات بت دنیا جهانبخت سایت گاد بت نیلی افشار سایت شرط بندی فوتبال معتبر سایت شرط بندی فوتبال معتبر Pablobet