Economic uncertainty and growth performance: a macroeconomic modeling analysis for Pakistan

Fatima, Amber; Waheed, Abdul

doi:10.1007/s11135-013-9841-5

Cited by 9 publications

(14 citation statements)

References 25 publications

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“…The behavioral decision theory proposes that under highly ambiguous decision-making frameworks (where a decision encompasses huge amounts of vague information and data), management choices are often a result of behavioral factors and may not necessarily be in a firm's best interests (Cyert and March, 1963). In emerging markets, including Pakistan, markets conditions are often viewed as unstable (Fatima, 2014). The main reason for choosing the Pakistan market is her strategic location.…”

Section: Introductionmentioning

confidence: 99%

The role of personality in SMEs internationalization: empirical evidence

Anwar

Shah

Khan

2018

Review Intl Bus & Strategy

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Purpose -This paper aims to examine the role of owners/managers' big five personality traits: conscientiousness, openness, extroversion, neuroticism and agreeableness on SMEs internationalization.Design/methodology/approach -The research design is a quantitative approach. Structured questionnaires were used to collect data from 303 owners and managers of Pakistani SMEs. The hypotheses were tested through structural equation modeling using AMOS.Findings -The findings reveal that conscientiousness has an insignificant influence on the degree of internationalization while neuroticism has a significant negative influence on internationalization. Extroversion, openness and agreeableness have a significant positive influence on internationalization. The findings disclose that owners and managers with extrovert, openness and agreeable personality are more likely to enter into international markets, while managers and owners with conscientiousness and neuroticism personality do not endorse entry into foreign markets.Practical implications -The results suggest that not all the personality traits facilitate internationalization process. Hence, firms that intend to enter international markers can benefit from hiring extrovert, open and agreeable personalities as managers to achieve their objectives. While managers with conscientiousness and neuroticism can be gainfully employed in other departments, they should be kept away from the decision-making processes leading to internationalization of a firm's operations. In addition, the insights gained from this study could facilitate CEOs and executives of large firms operating in developing and developed markets to design effective strategies to promote and get the advantages of internationalization process.Originality/value -This research contributes to personality literature, upper echelons theory and internationalization theory by testing the model based on the empirical evidence. This research is an intersection of the international entrepreneurship literature and psychological studies that have remained relatively unattended in prior studies. After extensive search, we have concluded that no previous study has as yet explored the role of big five personality traits in SMEs internationalization, particularly in this part of the world. It is believed that lack of studies in this sphere is, to a considerable extent, impeding the pace of internationalization by SMEs in developing countries.

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Section: Introductionmentioning

confidence: 99%

The role of personality in SMEs internationalization: empirical evidence

Anwar

Shah

Khan

2018

Review Intl Bus & Strategy

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“…The conditions of the markets in emerging economies are often observed as inconsistent and volatile (Fatima, 2014) due to a lack of the requisite resources and support for newly established ventures (Su et al, 2015). Financial capabilities are predominantly vital in light of the higher failure rate of entrepreneurial ventures.…”

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confidence: 99%

Entrepreneurial finance and new venture success ‐ the moderating role of government support

2020

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The high failure ratio in newly born ventures across the globe has been raised a challenging question. Numerous strategies have been introduced to enhance the survival of new ventures in the long run, but the results are fragmented. The research model examined the influence of entrepreneurial finance on new venture success. The model also considered a moderating role of government support while predicting ventures success. This area is under-researched particularly in the context of Pakistan; therefore, this research may contribute to the existing body of knowledge to appraise the industry in Pakistan. Data were collected from 182 new ventures operating in an emerging economy in Pakistan and analyzed by SmartPLS. The results indicate that entrepreneurial finance and government support have a significant influence on new venture success. Moderation analysis demonstrates that government support strengthens the relationship between entrepreneurial finance and new venture success. The findings suggest implications for policymakers to initiate effective policies and programs for newly started ventures regarding financial and nonfinancial support; in this backdrop, the incubation services are important.

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“…Similarly, the authors indicated a negative impact of the rural population and rural population growth on the economic growth in Pakistan. Fatima and Waheed ( 2014 ) noticed that economic uncertainty not only shrinks investment and growth but also affect future policy decisions. Farooq and Yasmin ( 2017 ) used the autoregressive distributed lag method to evaluate the uncertainty impact on growth.…”

Section: Literature Reviewmentioning

confidence: 99%

How COVID-19 shock will drive the economy and climate? A data-driven approach to model and forecast

Khurshid

Khan

2020

Environ Sci Pollut Res

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The pandemic shock puts the world on quarantine and paused economic operations that affected energy consumption and economic output. This study analyzed the impact of the COVID-19 shock on GDP, energy consumption, and climate change then forecasted the situation until 2032 using the system dynamic modeling approach. The outcomes reveal that the pandemic shock will decrease the growth by 1.3% in 2020 and 1.32% in 2021. The current shortfall, low energy consumption, and delay in completion of energy-related projects can reduce the GDP by 5.2% in 2020. The effect will penetrate the system and will cause further losses in the upcoming years. The energy consumption and quarantine situation will improve the climate situation and drop the average temperature by 0.049 and 0.021 o C in 2020 and 2021. The aggregate demand and supply side measures such as national spending, lowering the lending rate, and cuts in income taxes can help in diffusing the situation. The government should start operations on ongoing energy projects, give relaxation to SME's with tight SOPs to secure jobs, and prevent possible GDP losses. The decline in oil prices provides an opportunity to cut fossil fuel subsidies and implement a carbon pricing mechanism.

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Economic uncertainty and growth performance: a macroeconomic modeling analysis for Pakistan

Cited by 9 publications

References 25 publications

The role of personality in SMEs internationalization: empirical evidence

The role of personality in SMEs internationalization: empirical evidence

Entrepreneurial finance and new venture success ‐ the moderating role of government support

How COVID-19 shock will drive the economy and climate? A data-driven approach to model and forecast

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