This study empirically tests the existence of complementarities between economic globalization with a comprehensive set of economic opportunities in affecting economic growth. Using System GMM technique for a panel data of 124 countries over the period of 1996 to 2017, this study finds that countries with more productive capabilities get more benefits from economic globalization. From the results of threshold regressions, it is evident that a marginal change in economic globalization will, ceteris paribus, have no effect on growth when HTE is at 4.478, SUP is at 11.0, and TSB is at 33.50. Further, the results suggest that rich countries managed to take more advantage from globalization as compared with poor countries.

No abstract

Tourism industry is considered a key driver promoting socioeconomic development in under development economy, but there are several factors which hindering this development. The terror incidence in swat valley have severely affected tourism industry of the area. Terrorism is a growing hazard across the globe with severs socio-economic consequences. Pakistan is also playing it’s was against terrorism that it has affected its various economic activities including tourism. During the first decade of the ongoing century, northern mountainous area of Khyber Pakhtunkhwa, which was famous for tourism, was badly affected by incidences of terror2.The objective of this research work is to estimate the impact of terror incidents on domestic tourism in Pakistan, Khyber Pakhtunkhwa, Swat Valley (TA –domestic visitors’ arrivals).The current research is an effort to evaluate the short-term and long-term association between events of terror and domestic visitation. Primary data was collected using stratified random sampling techniques and interview method and secondary data was taken from various sources to evaluate the model. Auto Regressive Distributive Lag (ARDL) model is used to evaluate the data. The ARDL bound test confirms the co-integration between terror incidents and tourism. Additionally, the examined findings undoubtedly ensure the negative short-term and long-term impact of events of terror on domestic tourism in the study area.

No abstract

Modern economist emphasized human capital formation for socio-economic development. Human capital theory considered education and training essential tools for human capital formation. This study was conducted to analyze what factors determines participation rate of youth in vocational trainings of Federally Administered Tribal Area's Development Authority. Study also focused strengths and weaknesses of the trainings delivered. Data was collected on well-structured questioners from 400 respondents selected through disproportionate simple random sampling. The results revealed that age, marital status, father education, father profession, family size, family income and employment status before participation have significant effect on participation rate. Short duration, poor linkages with industries, lack of tool kits, career counseling, internship facility and post training financial support were recorded potential issues that challenged the achievement of anticipated outcomes of the program.