On the Causal Relationship between Government Expenditure and Tax Revenue in Pakistan

This paper applies the technique of Granger Causality to determine the relationship between total government expenditures and total tax revenue using annual revised estimates. The analysis discovers a firm unidirectional effect from expenditure to revenue suggesting the preference of controlling the spending decisions to reduce the tax revenue-expenditure deficit.Expenditure, Tax Revenue, Causality

The Direction of Causality between Health Spending and GDP: The Case of Pakistan

Relevant literature suggests that the most important determinant of health care spending is real GDP. Moreover, there is considerable evidence that health care spending rises at a faster rate than real GDP. This paper uses recently developed tests for the existence of a long run relationship to analyze the links between health care spending and GDP. We are, particularly, interested in estimating the elasticity parameter. The aim of the paper is to provide a new method of analysis to those used in recent papers on this subject. Typically in applied analysis, testing for the existence of cointegration and causality can only be carried out once the time series properties of the data have been established. For example, tests for cointegration require the variables to integrated of the same order, typically I(1), prior to estimation. By eliminating the need for unit root pre-testing, the tests applied here considerably simplify the inference procedure. They also reduce the potential for distortions in the inference due to the unknown properties of the testing sequence. Our findings include robust evidence that, for Pakistan, the income elasticity for health care spending is greater than one and that the elasticity value is stable over the estimation period.Health Spending; GDP; Causality

Recent status of the understanding of neutrino-nucleus cross section

In this work we have presented current understanding of neutrino-nucleon/nucleus cross sections in the few GeV energy region relevant for a precise determination of neutrino oscillation parameters and CP violation in the leptonic sector. In this energy region various processes like quasielastic and inelastic production of single and multipion production, coherent pion production, kaon, eta, hyperon production, associated particle production as well as deep inelastic scattering processes contribute to the neutrino event rates.Comment: 9-Pages, 4-figures, Talk given at DAE-HEP Symposium held at Delhi University, 12-16 December, 201

Estimating the Black Economy through Monetary Approach: A Case Study of Pakistan

In the recent years, the ‘black economy’ has held enormous appeal for policy makers. Presence of black economy creates critical misrepresentation of macroeconomic variables in official estimates that lead to the false determination and delusional impact of economic policies. Similarly, black economy represents the unrecorded potential of the economy vis-à-vis resource generation and mobilization. The Economy of Pakistan underwent several minor tax reforms since 1960’s. However, the tax and tariff reform of 1990’s, committed under international pressure, was the first comprehensive exercise and therefore it becomes highly desirable to gauge its impact on the black economy and tax evasion practices. This paper, with some modifications, uses the standard monetary approach to obtain the latest estimates of the size of black economy and its macroeconomic implications thereof.

Investigating the performance of Correspondence Algorithms in Vision based Driver-assistance in Indoor Environment

This paper presents the experimental comparison of fourteen stereo matching algorithms in variant illumination conditions. Different adaptations of global and local stereo matching techniques are chosen for evaluation The variant strength and weakness of the chosen correspondence algorithms are explored by employing the methodology of the prediction error strategy. The algorithms are gauged on the basis of their performance on real world data set taken in various indoor lighting conditions and at different times of the dayComment: 7 pages, 9 figures,Published with International Journal of Computer Applications (IJCA

Shedding Light on Top Partner at the LHC

We investigate the sensitivity of the 14 TeV LHC to pair-produced top partners ($T$) decaying into the Standard Model top quark ($t$) plus either a gluon ($g$) or a photon ($\gamma$). The decays $T\rightarrow tg$ and $T\rightarrow t\gamma$ can be dominant when the mixing between the top partner and top quark are negligible. In this case, the conventional decays $T\rightarrow bW$, $T\rightarrow tZ$, and $T\rightarrow th$ are highly suppressed and can be neglected. We take a model-independent approach using effective operators for the $T$-$t$-$g$ and $T$-$t$-$\gamma$ interactions, considering both spin-$\frac{1}{2}$ and spin-$\frac{3}{2}$ top partners. We perform a semi-realistic simulation with boosted top quark tagging and an appropriate implementation of a jet-faking-photon rate. Despite a simple dimensional analysis indicating that the branching ratios ${\rm BR}(T\rightarrow t\gamma)\ll {\rm BR}(T\rightarrow tg)$ due to the electric-magnetic coupling being much smaller than the strong force coupling, our study shows that the LHC sensitivity to $T\bar{T}\rightarrow t\overline{t}\gamma g$ is more significant than the sensitivity to $T\overline{T}\rightarrow t\overline{t}gg$. This is due to much smaller backgrounds attributed to the isolated high-$p_T$ photon. We find that with these decay channels and 3 ab$^{-1}$ of data, the LHC is sensitive to top partner masses $m_T\lesssim 1.4-1.8$~TeV for spin-$\frac{1}{2}$ and spin-$\frac{3}{2}$ top partners, respectively.Comment: 33 pages, 10 figures, 7 table