Nexus between Political Instability and Economic Growth in Pakistan

Tabassam, Aftab Hussain; Hashmi, Shujahat Haider; Rehman, Faiz Ur

doi:10.1016/j.sbspro.2016.09.041

Cited by 58 publications

(40 citation statements)

References 22 publications

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“…In modern politico-economic research, coalition governments are considered a threat to the economy [21]. Moreover, there are few recent studies that identified terrorism as a cause of slower economic growth [22][23][24]. In our study, there is not a high risk of terrorism in the analysed study and this keyword was not searched on the Internet in many regions of these countries.…”

Section: Literature Reviewmentioning

confidence: 91%

What Does Google Trends Tell Us about the Impact of Brexit on the Unemployment Rate in the UK?

2020

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Considering the debate related to the potential effects of Brexit on the UK economy, the aim of this paper is to assess the impact of Brexit on the monthly unemployment rate since the vote for the UK leave from the European Union. This is one of the most important indicators of sustainable development for the country. The novelty of this research is given by the use of microdata to reflect the political instability brought by Brexit, with Google Trends being the tool for collecting the data. Moreover, the data for the four countries that compose the UK are considered (England, Northern Ireland, Scotland, Wales) in a panel data and multilevel framework. The results are consistent with the analysis of important macroeconomic indicators and indicate that Brexit concerns decreased the unemployment rate in the period June 2016–March 2019, with few arguments being provided for this. The state policies should encourage the investment in order to support the future economic growth and sustainable development of the UK.

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Section: Literature Reviewmentioning

confidence: 91%

What Does Google Trends Tell Us about the Impact of Brexit on the Unemployment Rate in the UK?

2020

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“…Dealing with uncertain economic conditions Kletzer (1997) argued that any change in policy concerning the future debt depends on the current shock to the economy. Tabassam et al (2016) maintained that due to disruption of the economic activities by the terrorism in Pakistan, the GDP is badly affected. These uncertainties changed the decision of risk avert foreign investor to invest in the hostile economic environment which eventually deterred growth.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This study explains the debt and growth nexus in reference to the role of uncertainty. We incorporate as why the uncertainty (economic as well as political) explains the relation more than any other previous study?Some of the literature focused on the performance of debt to uncertain economic conditions (Penalver& Thwaites, 2006;Catão&Kapur, 2006;Kletzer, 1997) while other gauged the relation separately with political instability (Van &Weder, 2009;Tabassam, Hashmi &Rehman, 2016). This study also controls the other macroeconomic determinants of debt and explains the relation simultaneously to avoid the endogeneity and simultaneity bias.Further, the GARCH based uncertainty measure provides an edge from all the previous studies framing risk as a macroeconomic determinant.…”

Section: Introductionmentioning

confidence: 97%

Debt and Economic Growth of Pakistan; Role of Uncertain Economic and Political Conditions

Sikandar¹,

Wahid²

2019

BER

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This study is an attempt to investigate the role of political instability and economic uncertainty on debt and economic growth for the data span of 1975 to 2016 in Pakistan. We extract economic uncertainty by using Generalized Autoregressive Conditionally Heteroskedastic (GARCH) model. We explore the relationship between debt and economic growth simultaneously with Generalized Method of Moments (GMM) approach. The deep-rooted relation of political and economic uncertainty with debt and growth recommends immediate fiscal and public policy adjustments to minimize the harms of higher debt-GDP ratio and slow economic growth. This study results in the changing fiscal behavior with political shifts and confirms "the positive theory of debt", by Tabellini (1989 and1990), recommending stable political environment with consistent economic policies for Pakistan.

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“…Taking over GSCM initiatives needs additional endeavors and also higher cost and it has less visible economic benefits from these initiatives [29,30]. In this situation, the value of national money will decrease and prices will increase, which empowers hesitation between customers and investors.…”

Section: Economic Benefits (S7)mentioning

confidence: 99%

Analysis of Success Factors to Implement Sustainable Supply Chain Management Using Interpretive Structural Modeling Technique: A Real Case Perspective

Yang

Movahedipour

Zeng

et al. 2017

Mathematical Problems in Engineering

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Sustainability draws increased supply chain management (SCM) attention. This article analyzes critical success to the assessment, evaluation, and attainment of sustainable supply chain management (SSCM), assessed through critical-success identification and qualitative data analysis. Namely, a literature review selected of 188 articles, published between January 1994 and November 2016, helps identify the most influential success factors. The qualitative data analysis pertains to fifteen such successes, identified in the literature review and through our collaboration with other academic researchers and industrial specialists. Notably, the study's qualitative data analysis, interpretive structural modeling (ISM), unconceals the mutual impact among the most prominent SSCM success factors. The economic benefits and environmental awareness of suppliers are recognized as the most significant success factors, which could allow business enterprises and other organizations to implement a SSCM framework, with intentionality and the sustainability in their business. The article concludes with suggestions for future research directions.

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Nexus between Political Instability and Economic Growth in Pakistan

Cited by 58 publications

References 22 publications

What Does Google Trends Tell Us about the Impact of Brexit on the Unemployment Rate in the UK?

What Does Google Trends Tell Us about the Impact of Brexit on the Unemployment Rate in the UK?

Debt and Economic Growth of Pakistan; Role of Uncertain Economic and Political Conditions

Analysis of Success Factors to Implement Sustainable Supply Chain Management Using Interpretive Structural Modeling Technique: A Real Case Perspective

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