Analyzing Nexus between financial reforms and savings in Pakistan: an econometric investigation

Development economists and policy makers across the globe extensively discuss the factors affecting the growth performance of developing economies. The recent financial crisis and poor performance of financial sector instigated the economies to shift from suppressive regulations to deregulations of interest rate along with implementation of a few other open options. International funding agencies provided technical as well as financial assistance to carry on the agenda and achieve optimal policy mix. Keeping in view its importance, present study tests the empirical nexus between financial reforms and savings in Pakistan. Data set ranges from 1980 to 2015 and application of econometric method of Johansen co integration method found the short run and long run saving function. Major findings suggested that financial reforms gave a boost to saving rate and hence contributed towards overall performance enhancement in Pakistan. The results of other control variables show positive and robust relationship according to theoretical background

LANGUAGE IN INDIA Strength for Today and Bright Hope for Tomorrow Education as an Indicator for Human Resource Development

Abstract The present research was undertaken to study the contribution of some areas of education system towards the enhancement of human resource development (HRD) in schools/colleges. Four major areas of education system were taken for the research study, which could affect the HRD in the sample region, viz., primary education, secondary education, higher education, IT education and female education. The data were mainly collected from heads, teachers, and students. In this study 10 heads, 63 teachers and 292 students participated. An opinionnaire was developed as an instrument of research which comprised 48 items. It was found that all of these areas play a significant role in the promotion of HRD. The findings of this study show that both education and HRD are significantly correlated. The results of the present study indicated a strong correlation between; each item of HRD and the selected areas of education system in the research, each item constructed in the instrument with HRD, each area of education with each component of HRD, i.e., knowledge, social development and economic development. The study recommended that IT education and female education should be introduced to make it worthwhile for HRD