The Relationship between Democracy and Economic Growth of Pakistan: A Cointegration Analysis

Institutional quality is considered the major cause of income difference among the nations of the world. The primary objective of this research work is to analyze the nexus between institutional quality with a special emphasis on democracy in the economic growth of Pakistan. Economic growth is measured by Real Gross Domestic Product (RGDP), and democracy is quantified by democratic accountability (DA). Time series data on democratic accountability (DA), human capital (HC), infrastructure (INF), inflation (DEF), and RGDP from 1984 to 2018 have been utilized. Using the Johansen Cointegration approach, the results showed a long-run cointegration between the variables. Johansen Normalized results showed that democratic accountability, infrastructure, and human capital have a direct and statistically significant effect on Pakistan‟s economic growth. Similarly, Vector Error Correction Model (VECM) exhibits that the computed value of ECT (-1) is statistically significant, negative, and less than 1, these results confirm the convergence of the variables towards its mean position. The VECM confirmed the existence of a long-run relationship between democratic accountability and the economic growth of Pakistan. Moreover, the results showed the short-run relationship between the variables. Granger causality showed a unidirectional causality is running from democratic accountability to economic growth. The results of diagnostic tests also revealed the absence of autocorrelation and heteroscedasticity with the normality of residuals. Based on the econometric results, this study recommends that elected governments should establish such procedures and mechanisms that strengthen and support the democratic system and respond to people‟s problems to achieve sustainable economic growth in Pakistan

Techniques for the Fabrication of Super-Hydrophobic Surfaces and Their Heat Transfer Applications

Super-hydrophobic surfaces are surfaces that have extreme water-repellent properties and show contact angle greater than 150° and sliding angle less than 5°. These surfaces play a significant role in different processes like icing delay, anti-frosting, boiling, condensation, drag reduction, self-cleaning, etc. The present study comprises of different techniques for the fabrication of super-hydrophobic surfaces. These techniques include chemical etching, solution immersion, laser electrodeposition, template deposition, spray coating, various others. Important characteristics of super-hydrophobic surfaces like durability, storability, corrosion resistance, etc. are achieved differently by different methods. Also, some methods are simple, rapid, cost-effective and versatile. Moreover, various heat transfer applications of super-hydrophobic surfaces like boiling, condensation, icing delay, drag reduction, etc. have also been discussed in this chapter

PHYTOCHEMICAL AND ANTIOXIDANT SCREENING OF ZINGIBER OFFICINALE, PIPER NIGRUM, RUTAG RAVEOLANES AND CARUM CARVI AND THEIR EFFECT ON GASTROINTESTINAL TRACT ACTIVITY

Herbal plants are used widely for the treatment of stomach disorders as peptic and duodenal ulcer, dyspepsia, gastritis and other ailments. There are many causes of ulcer but 80% of the ulcer caused by H-Pylori in the GIT problems. Uses of NSAID are the main cause of GIT problems in human health. In the developed countries, mostly peoples used herbal plants regularly for the stomach problems. These herbal plants contain different photochemical constituents as alkaloids, flavonoids, phenols, tannins and saponins. They not only have bioactive compounds but also have antioxidants properties that strengthen the stomach health and prevent from oxidative stress and other scavenging properties. The use of herbal plants is economical and safe for these types of diseases. The herbal plants treatment has been used for stomach disorders without chances of reoccurrence

Institutional Quality, Trade Openness and Economic Growth in South Asian Economies: Some New Insights from a Panel Data Analysis

The main aim of the present study is to empirically investigate into the question whether the Institutional Quality (IQ) and Trade Openness (TO) are competitors or complements in Economic Growth (EG) in case of sample South Asia Economies; “India, Bangladesh, Pakistan, and Sri Lanka”. The panel data for the period of 1984-2018 has been utilized. The Fixed Effects Model (FEM) estimation technique has been applied for empirical investigation. The empirical results of FEM confirm the positive and statically significant impact of IQ and Interaction Term on Economic Growth in sample countries. The positive significant results strongly supported the hypothesis of this study, the IQ and TO are complements in EG in the case of sample SAE. The IQ measure has also established positive and significant effects on EG while the TO has a negative impact. Based on empirical findings, this study recommends that the policymakers of sample countries should make policies that strengthen the IQ, in order to improve trade and, consequently, the EG.&nbsp

PHYTOCHEMICAL AND ANTIOXIDANT SCREENING OF CASSIA ANGUSTIFOLIA,CURCUMA ZEDOARIA, EMBELIA RIBES, PIPER NIGRUM, ROSA DAMASCENA,TERMINALIA BELERICA, TERMINALIA CHEBULA, ZINGIBER OFFICINALE AND THEIR EFFECT ON STOMACH AND LIVER

Herbal medicinal natural plants and species are mostly used for wide purposes in Pakistan in current situation. There are diverse variety of phytochemical constituents which are present in plants and act as secondary metabolites that are formed from the normal metabolism likewise alkaloids, flavonoids, glycoside, phenols, steroids and other specific pigments. Therefore, the botanist concentrations are increasingly changing to ethnobotanical practices due to availability at lower price, wide safety and efficacy margin and less side effects of plants. The medicinal benefits of the special phytochemical of the plants cannot be ignored. Some of the herbal plants have been expressed for their significance to take care of the different ailments of mankind particularly correlated to liver, GIT, stomach and colon

The Nexus between Inflation and Inflation Uncertainty of four South Asian Economies

This study data have been taken from World Bank side during the time span from 1989 to 2016. This study explores the relationship between inflation and inflation uncertainty in Pakistan, India, Sri Lanka, and Bangladesh. The EGARCH model is used to check the inflation uncertainty among four countries. The asymmetric behavior of inflation uncertainty has also been found by this method. The granger causality test is used to check the direction between inflation and inflation uncertainty. The result of this study showed that there were positive shocks among all the developing countries such as Pakistan, India, Sri Lanka, and Bangladesh. The results of Granger Causality test showed that bi-directional causality exists between inflation and inflation uncertainty in south Asian economies

PHYTOCHEMICAL AND ANTIOXIDANT SCREENING OF ANACYLUS PYRETHRUM, APIUM GRAVEOLENS, BOERHAAVIA DIFFUSA, CINNAMOMUM CASSIA BLUME, CUSCUMIS MELO LINN, CUSCUMIS SATIVUS LINN, DAUCUS SATIVUS, FOENICULUM VULGARE, TRACHYSPERMUM AMMII AND THEIT EFFECT ON VARIOUS HUMAN AILMENTS

Herbal medicinal plants are commonly intended for the cure and prevention of countless diseases for the reason that of low price, more effectiveness and no side effects. The medicinal plants consist of several types of phytochemical constituents as alkaloids, saponin, flavonoids, phenols, tannins and carbohydrates that are used for various human ailments. Such types of constituents not only have biochemical compounds but also have antioxidant, antimicrobial, antifungal activity and intended for the treatment of diabetes, kidney, liver and stomach ailments. The use of herbal natural plants is more economic and reliable for these types of diseases. These medicinal plants have been second-hand for different human disorders with no side effects of reoccurrence

Is Trade Openness the Reason of High Energy Demand in China?

The present study aims to examine the short-run and long-run impact of China's trade liberalization policies on its energy demand over the period from 1980 to 2018. The results of Autoregressive Distributed Lag approach of co-integration show that energy consumption significantly increases as a result of trade openness and increase in real Gross Domestic Product (GDP). The results of the granger causality test also confirm the unidirectional causality running from trade openness and real GDP to energy demand. The results of the study have an important implication because if China wants to continue its trade liberalization policies then it must increase its energy production. Keywords: Energy Consumption, Gross Domestic Product, Trade Openness, China, Time Series JEL Classifications: C22, F15, L98, Q43 DOI: https://doi.org/10.32479/ijeep.1116

The Nexus between Inflation and Inflation Uncertainty of four South Asian Economies

This study data have been taken from World Bank side during the time span from 1989 to 2016. This study explores the relationship between inflation and inflation uncertainty in Pakistan, India, Sri Lanka, and Bangladesh. The EGARCH model is used to check the inflation uncertainty among four countries. The asymmetric behavior of inflation uncertainty has also been found by this method. The granger causality test is used to check the direction between inflation and inflation uncertainty. The result of this study showed that there were positive shocks among all the developing countries such as Pakistan, India, Sri Lanka, and Bangladesh. The results of Granger Causality test showed that bi-directional causality exists between inflation and inflation uncertainty in south Asian economies