An Analysis of Exports and Growth in Pakistan

The paper examines the export-led growth (ELG) paradigm for Pakistan, using data of the period from 1970-71 to 2003-04. The paper uses a number of analytical tools, including Unit Root Test, Phillips- Perron Tests, Co-integration Johansen Test, and the Granger Tests. The paper sets three hypotheses for testing the ELG paradigm for Pakistan; (a) whether GDP and exports are cointegrated, (b) whether exports Granger cause growth, and (c) whether exports Granger cause investment. The time series data on GDP growth, export growth and investment GDP ratio (proxy for capital formation), and the labour employed were used. The data were tested for stationarity using the Augmented Dickey-Fuller (ADF) test and Phillips-Perron test (1988), and then the relationship between GDP growth rate and the growth rate of other variables was determined using OLS with AR (1). The major finding of the present study is that growth rate of export, total investment, and labour employed have positively affected the GDP growth rate

How to Solve the Fronthaul Traffic Congestion Problem in H-CRAN?

The design of efficient wireless fronthaul connections for future heterogeneous networks incorporating emerging paradigms such as heterogeneous cloud radio access network (H-CRAN) has become a challenging task that requires the most effective utilization of fronthaul network resources. In this paper, we propose and analyze possible solutions to facilitate the fronthaul traffic congestion in the scenario of Coordinated Multi-Point (CoMP) for 5G cellular traffic which is expected to reach ZetaByte by 2017. In particular, we propose to use distributed compression to reduce the fronthaul traffic for H-CRAN. Unlike the conventional approach where each coordinating point quantizes and forwards its own observation to the processing centre, these observations are compressed before forwarding. At the processing centre, the decompression of the observations and the decoding of the user messages are conducted in a joint manner. Our results reveal that, in both dense and ultra-dense urban small cell deployment scenarios, the usage of distributed compression can efficiently reduce the required fronthaul rate by more than 50% via joint operation

An Analysis of Exports and Growth in Pakistan

Trade is presumed to act as a catalyst of economic growth and the growth in exports leads to increase in the incomes of factors of production, which in turn increases the demand for input for further expansion in production. The resultant pressure on domestic capacity may stimulate technological change and investment opportunities. Also increase in demand due to raising incomes of the factors of production on account of exports may spill over into other sectors of the economy. A part of such growths could also be diffused abroad through technical assistance and aid. According to Emery (1967) empirically proved that higher rates of exports growth leads to higher economic growth. Traditionally, a developing country had the choice of two alternative trade strategies for supporting industrial development, export promotion or import substitution. A consensus has emerged among many development economists that an export expansion policy by permitting resource exploitation according to comparative advantage and by allowing for utilisation and exploitation of economies of scale leads to higher growth rates of output and employment, greater technological progress and availability of foreign exchange. These in turn enable the countries with export oriented policies to attain higher rates of growth of GNP vis-à-vis countries following import substituting industrialisation [Donges and Muller-Ohlsen (1978)]

The Livestock Economy of Pakistan: An Agricultural Sector Model Approach

The Pakistan Agricultural Sector Model (PASM) developed by Davies et al. (1991) was modified to enhance the livestock sub-sector. Nutrient-based rations replaced feedstuff-based rations and dry matter minimum and maximum constraints (stomach capacity) were added. Several initial simulations were undertaken to examine the structure of the modified model and its impact across the crop and livestock sub-sectors. These simulations included relaxing exogenous livestock numbers and selected crop hectarage constraints, and requiring that green forage be fed in the season grown. Most importantly, the results demonstrated that fodder hectarage will grow with livestock numbers to insure that sufficient green forage is available seasonally. Two other analyses were performed to demonstrate the need to specify linkages between the crop and livestock sub-sectors. An analysis of transforming the livestock sub-sector from traditional to feedlot-based technology demonstrated that the reduced numbers of non-milking cattle needed for a given output of meat would provide the potential for increased production of various crops and other livestock products. Also, expanded cotton and Irri rice exports, hypothesised to occur through trade liberalisation from the Uruguay Round of the GATT, highlighted other inter-relationships between the crop and livestock sub-sectors. Greater production of both livestock and other crops might accompany the expansion of cotton production but less livestock feed would be available with expanded exports of Irri rice.

The Livestock Economy of Pakistan: An Agricultural Sector Model Approach

The Pakistan Agricultural Sector Model (PASM) developed by Davies et al. (1991) was modified to enhance the livestock sub-sector. Nutrient-based rations replaced feedstuff-based rations and dry matter minimum and maximum constraints (stomach capacity) were added. Several initial simulations were undertaken to examine the structure of the modified model and its impact across the crop and livestock sub-sectors. These simulations included relaxing exogenous livestock numbers and selected crop hectarage constraints, and requiring that green forage be fed in the season grown. Most importantly, the results demonstrated that fodder hectarage will grow with livestock numbers to insure that sufficient green forage is available seasonally. Two other analyses were performed to demonstrate the need to specify linkages between the crop and livestock sub-sectors. An analysis of transforming the livestock sub-sector from traditional to feedlot-based technology demonstrated that the reduced numbers of non-milking cattle needed for a given output of meat would provide the potential for increased production of various crops and other livestock products. Also, expanded cotton and Irri rice exports, hypothesised to occur through trade liberalisation from the Uruguay Round of the GATT, highlighted other inter-relationships between the crop and livestock sub-sectors. Greater production of both livestock and other crops might accompany the expansion of cotton production but less livestock feed would be available with expanded exports of Irri rice