GER - Global Economics Review

Contents Volume VI Issue II (Spring 2021)

FATF and Terror Financing: The Perspective of Pakistan
Abstract:	There is a plethora of international organizations that has been formed to maintain peace in the world. FATF is such an organization that has been formed in order to scrutinize and control the menace of money laundering and that of the terror financing. In a third world state like Pakistan where there is dearth of transparent mechanisms of money transfers and where there is no rule of law, it has become easy for the individuals to carry out the illicit activities like money laundering (Dube and Vargas, 2013). Pakistan has been in the grey list from the last few years and it has dramatically affected the economy of Pakistan. Pakistan has established a number of centralized mechanisms that are, without a doubt, on the correct track for monitoring the financial transaction system, ...Read More - Download PDF - View Fulltext
Author/s:	1-Shabnam Gul Assistant Professor/In-charge, Department of International Relations, Lahore College for Women University, Lahore, Punjab, Pakistan. 2-Muhammad Faizan Asghar MPhil, Peace & Counter Terrorism Studies, Minhaj University Lahore, Punjab, Pakistan. 3-Shujat Ali Ministry of Defense.
Keywords:	FATF, Terror Financing, Al Qaida, Money Laundering, Illicit Transfer, Hawala and Hundi
DOI Number:	10.31703/ger.2021(VI-II).01	DOI Link:	http://dx.doi.org/10.31703/ger.2021(VI-II).01
Page Nos:	1-10	Volume & Issue:	VI-II
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Impact of Knowledge, Entrepreneurial Attitude, and Competencies on Entrepreneurial Motivation: A Study of College Students
Abstract:	This research aims to understand the main dynamics which enhance the entrepreneurial motivation among students of Faisalabad. The quantitative method explores the relationship between knowledge base, entrepreneurial attitudes, entrepreneurship competencies, and entrepreneurial motivation. A data of 150 respondents were collected from recognized universities of the Higher Education Commission (HEC) of Pakistan working in Faisalabad. The respondents were from banking and finance, commerce, marketing, business administration of public and private universities of Faisalabad. The Statistical Package for the Social Sciences (SPSS-21) analyzes the gathered data for descriptive analysis. The study revealed that the determinants of a knowledge base, entrepreneurial attitudes, and entrep ...Read More - Download PDF - View Fulltext
Author/s:	1-Aniqa Zubair Teaching Assistant, Department of Management Sciences, Government College Women University, Faisalabad, Punjab, Pakistan. 2-Rohma Yousaf Lecturer, Department of Management Sciences, Government College Women University, Faisalabad, Punjab, Pakistan. 3-Nausheen Syed Assistant Professor, Department of Management Sciences, Government College Women University, Faisalabad, Punjab, Pakistan.
Keywords:	Entrepreneurship, Entrepreneurial Motivation, Knowledgebase, Entrepreneurship Competencies, Entrepreneurial Attitudes
DOI Number:	10.31703/ger.2021(VI-II).02	DOI Link:	http://dx.doi.org/10.31703/ger.2021(VI-II).02
Page Nos:	11-23	Volume & Issue:	VI-II
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Evaluating the Determinants and Sustainability of Public Debt for the South Asian Association for Regional Cooperation (SAARC) Countries
Abstract:	This study examines the sustainability and relationship of public debt to selected macroeconomic variables for South Asian Association of Regional Cooperation (SAARC) countries from 1996 to 2017. For the relationship of public debt to macroeconomic variables, we employ a panel Autoregressive Distributed Lagged (ARDL) model. For sustainability measurement of public debt, we used a theoretically derived model based on necessary and sufficient conditions. The panel ARDL results for the long run show that the savinginvestment gap and economic growth negatively while the budget deficit and current account positively explain public debt. The sustainability measurement results based on necessary and sufficient conditions reveal that public debt remains unsustainable for most of the ye ...Read More - Download PDF
Author/s:	1-Ayaz khan PhD Scholar, Department of Economics, Abdul Wali Khan University Mardan, KP, Pakistan. 2-Zahoor ul Haq Professor, Department of Economics, Pakhtunkhwa Economic Policy Research Institute, Abdul Wali Khan University Mardan, KP, Pakistan. 3-Javed Iqbal Assistant Professor, Department of Economics, Pakhtunkhwa Economic Policy Research Institute, Abdul Wali Khan University Mardan, KP, Pakistan.
Keywords:	Public Debt, Macroeconomic Variables, Panel ARDL, Sustainability, SAARC Countries
DOI Number:	10.31703/ger.2021(VI-II).03	DOI Link:	http://dx.doi.org/10.31703/ger.2021(VI-II).03
Page Nos:	24-40	Volume & Issue:	VI-II
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IPO Intra Industry Effects on Peer Firm's Earnings, Composition and Stock Returns
Abstract:	The present study is conducted to see how an IPO event affects the existing firm's performance within the same industry. For this purpose, 88 IPO firms were examined from Pakistan Stock Exchange (PSX) from 1998-2016. IPO is examined from three major perspectives IPO proceeds, initial returns and time Lag between IPO listing date and IPO subscription. The study uses Buy and Hold Abnormal Returns (BHAR) and Cumulative Abnormal Returns (CAR) to calculate competitor's abnormal returns. To calculate the operating performance of competitors, the Wilcoxon significance test was applied. IPO intra-industry effects are significant in the long run, whereas insignificant results are shown in the short run. In addition, IPO proceeds and abnormal returns are significant but negatively related to compet ...Read More - Download PDF
Author/s:	1- Muhammad Irfan Khadim PhD Scholar, Bahria University Islamabad, Pakistan. 2- Samreen Fahim Babar Assistant Professor, Department of Management Sciences, Bahria University, Islamabad, Pakistan.
Keywords:	IPO Event, CAR, Time Lag, BHAR, HHI
DOI Number:	10.31703/ger.2021(VI-II).04	DOI Link:	http://dx.doi.org/10.31703/ger.2021(VI-II).04
Page Nos:	41-48	Volume & Issue:	VI-II
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Impact of Exchange Rate Volatility on Unemployment in Pakistan
Abstract:	Unemployment is an alarming issue for bothdeveloped and developing countries, which sometimesvaries from region to region as well. Unemployment accompaniedwith Exchange Rate Volatility (ERV, hereafter) worsens thesituation. This paper tries to explore the relationship between ERVand unemployment and other selected factors in the case ofPakistan from 1980 to 2018. After necessary simulation, the studysupported the analyses through the autoregressive distributed lagmodel. Where, long-run coefficient reveals that ERV and exportsboth are positively affecting unemployment; whereas, import isinversely related to unemployment. Alternatively, export and GDPare inversely affecting unemployment in the short run; further,stability tests also support the relationship between the selectedvariables to a ...Read More - Download PDF
Author/s:	1-Atiq Ur Rahman MPhil, Department of Economics, Bacha Khan University, Charsadda, KP, Pakistan. 2-Salyha Zulfiqar Ali Shah Assistant Professor, School of Economics, Bahauddin Zakariya University Multan, Punjab, Pakistan. 3-Qamar uz Zaman College of Economics and Management, Nanjing University of Aeronautics and Astronautics, China.
Keywords:	Exchange Rate Volatility, Unemployment, Economy of Pakistan
DOI Number:	10.31703/ger.2021(VI-II).05	DOI Link:	http://dx.doi.org/10.31703/ger.2021(VI-II).05
Page Nos:	49-66	Volume & Issue:	VI-II
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Strategic and Economic Importance of Chabahar Port..
Abstract:	Due to China's engagement in the Gwadar Port,India has hastened the process of becoming ashareholder and stakeholder in Chabahar Port in order tocounter the Chinese threat. Chabahar is India's gateway toCentral and South Asia. It is Iran's intention to link and accessthese countries through the building of the Chabahar Port. Withthe expansion of these connections between South Asia andCentral Asia, West Asian countries and Europe via Chabahar,not only will Iran gain, but so will the nations of these regions.Iran will be able to play a key role as a result of these linkages,which will increase the strategic importance of Iran andChabahar. ...Read More - Download PDF - View Fulltext
Author/s:	1-Fakhr ul Munir Demonstrator, Department of Political Science, Abdul Wali Khan University Mardan, KP, Pakistan. 2-Shaukat khan Lecturer, Department of Political Science, Abdul Wali Khan University Mardan, KP, Pakistan. 3-Nelofer Ihsan Lecturer, Department of Political Science, Abdul Wali Khan University Mardan, KP, Pakistan.
Keywords:	Strategic, Engagement, Chabahar, Stakeholders, Gateway
DOI Number:	10.31703/ger.2021(VI-II).06	DOI Link:	http://dx.doi.org/10.31703/ger.2021(VI-II).06
Page Nos:	67-74	Volume & Issue:	VI-II
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