353 research outputs found
Role of Micro finance Institutions In Promoting Financial Inclusion and Economic Growth
Many of the developing and advanced economies are focusing on the improvement of Microfinance Institute Performance because most of the studies and empirical results support the existence of significant positive relationship between Microfinance Institute Performance and Index of Financial Inclusion and both have significant positive impact on Economic Growth and its one of the basic goal and objective of the economies to attain sustainable economic growth. Through the current study it is being tried to find the relationship between microfinance institute performance, financial inclusion and economic growth in South Asian economies using Panel data from 2009-2017 using Common Random Effect, Random and Fixed effect Model. The findings show that there is strong positive relationship between Micro finance Institute Performance, Financial Inclusion and Economic Growth. Therefore the developing economies specially Pakistan whose most of economic indicators are showing declining position can sustain their economic growth through proper utilization of Micro finance Institution Performance
Trade Liberalization and Industrial Growth in Pakistan: Co integration Analysis (1990-2017
Free trade is the absence of any restrictions either through import duties or otherwise of the commercial movements of the goods and services as well as of the finances between a particular country and the rest of the world. The importance of trade is typically expressed relative to the size of a country’s economy. Through this paper we will analyze the attempts in Pakistan to liberalize her foreign trade regime. We apply co integration analysis, which will tell us about the long run relationship between trade liberalization and industrial growth. The time period of the study has been set 1990-2017 and the Error Correction Model after the existence of co-integration is applied showing the speed of adjustment i.e. the lag of error term has been found negative and significant with existence of long run relationship between trade liberalization and Industrial Growth in Pakistan with a convergence mode of relationship that confirmed that in case of any structural change or policy shocks the relationship can be bring back to its normal position with an speed of -0.21
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