scholarly journals Analysis of Financial Sector Reforms and Impacts: Reflections from Pakistan

2011 ◽  
Vol 3 (2) ◽  
pp. 91-102
Author(s):  
Ali Raza ◽  
Muhammad Usman . ◽  
Muhammad Akram .
Keyword(s):  
Economic Growth ◽  
First Generation ◽  
Financial Sector ◽  
Financial Indicators ◽  
Policy Makers ◽  
Future Studies ◽  
Financial Restructuring ◽  
Sector Performance ◽  
The Government ◽  
The Impact

The purpose of this paper is to examine all efforts made by the Government of Pakistan in order to uplift the efficiency of financial sector through financial restructuring institutions such as banks, as well as to recognize the impact of these reforms on various financial indicators. Results of this study suggested that financial sector performance was very much better after the completion of first generation reforms but many new reforms are still required for macroeconomic stability and economic growth of Pakistan. This was the first attempt made by researcher in which detailed discussion was provided about financial sector reforms and it will help out the policy makers while developing policies for future and it will enhance the knowledge of economists and all other beneficiaries as well. Moreover, discussion for further reforms and gap for future studies was also provided.

scholarly journals Financial Sector Restructuring in Pakistan

2007 ◽  
Vol 12 (Special Edition) ◽  
Author(s):  
Muhammad Arshad Khan ◽  
Sajawal Khan
Keyword(s):  
Economic Growth ◽  
First Generation ◽  
Financial Sector ◽  
Financial Indicators ◽  
Financial Industry ◽  
Successful Completion ◽  
Financial Restructuring ◽  
Restructuring Process ◽  
The Government ◽  
The Impact

In this paper an attempt has been made to review the financial restructuring process and its importance for economic growth and macroeconomic stability. The main focus is on the financial restructuring efforts undertaken by the government of Pakistan since 1990. We also analyze the impact of financial restructuring by using various financial indicators. The overall results suggest that the financial industry in Pakistan is showing remarkable and unprecedented growth. Unlike 1990, the performance of the financial sector is much better today. After the successful completion of first generation reforms, the introduction of second generation reforms is required, which will help to further strengthen the financial system and transfer the benefits of the first generation reforms to society.

Financial development, oil dependence and economic growth

2017 ◽  
Vol 34 (2) ◽  
pp. 281-298 ◽  
Author(s):  
Ramez Abubakr Badeeb ◽  
Hooi Hooi Lean
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Financial Development ◽  
Granger Causality Test ◽  
Financial Sector ◽  
Causality Test ◽  
Content Type ◽  
The Government ◽  
The Impact ◽  
The Relationship

Purpose This paper aims to examine the validity of the question of whether oil dependence has a negative impact on the relationship between financial development and economic growth in Yemen. Design/methodology/approach The auto-regressive distributed lag approach for cointegration is used to examine the relationship between financial development and economic growth by capturing the impact of oil dependence on this relationship. The Granger causality test, based on a vector error correction model (VECM) framework, is used to investigate the causal relationships between financial development and economic growth. Findings The most interesting finding is the negative sign of interaction term between financial development and oil dependence, which implies that the positive effect of financial development on economic growth decreases with the increasing oil dependence. The result of the VECM Granger causality test revealed the existence of unidirectional causality running from financial development to economic growth. Research limitations/implications The short sample period and the worry of losing degrees of freedom limited us when including control variables in the model. If the data are available in the future, other control variables can be added. Practical implications The government should reduce the level of oil dependence in Yemen by diversifying the country’s economy. Accelerating the pace and efficiency of the financial sector will bear fruitful returns in this regard. The government could achieve this strategy by playing a more proactive role in encouraging the expansion of credit to enable the financial sector to provide a more efficient intermediary role in mobilizing domestic savings and channeling them to productive investments across various economic sectors. Originality/value This is the first study to examine the impact of oil dependence on the finance-growth nexus in Yemen. A new indicator for oil dependence is also proposed.

Applying Narrative and Quantitative Models for Understanding the Sanitation Arena of Selected Gram Panchayats in a Post-TSC Era from Kerala

2014 ◽  
Vol 16 (4) ◽  
pp. 509-526 ◽  
Author(s):  
Jos Chathukulam ◽  
S. Devavrathan
Keyword(s):  
First Generation ◽  
The State ◽  
Social Structures ◽  
Policy Makers ◽  
Measurement Framework ◽  
Sanitation And Hygiene ◽  
The Government ◽  
Broad Objective ◽  
The Impact ◽  
The Village

The Total Sanitation Campaign (TSC), a ‘flagship’ programme of the Government of India, has completed a decade of implementation. The TSC over the period has been able to improve human health and sanitation coverage in the country. The initial success could be attributed to ‘Nirmal Gram Puraskar’. The total sanitation campaign has effectively made use of the village social structures in Kerala to solve the first generation sanitation issues. Disparities could also be seen. As the TSC is on the verge of a positive transformation to a new and broader perspective, and as the state look forward for a new dimension in sanitation concepts over the next five-year plan, it asks for a review on the coverage patterns. This would support the policy-makers to invest in edifying ideals as the nation progress from the TSC to ‘Nirmal Bharat Abhiyan’. The broad objective of the study thus is to assess the impact of sanitation and hygiene coverage in the state. For measuring the outcomes and relative performance in terms of total sanitation provision, seven selected Gram Panchayats of Kozhikode district are considered. To arrive at a robust scenario, a synthesis of a narrative and statistical model was used. An innovative measurement framework known as ‘Total Sanitation Index’ was developed. The index was formulated for comprehending the relative positions of each Panchayat in terms of total sanitation and the results were presented.

Globalization, Poverty, Environmental Degradation and Economic Growth Nexus: Empirical Analysis of SAARC Regions

2020 ◽  
Vol 39 (1) ◽  
Author(s):  
Adiqa Kiani ◽  
Ejaz Ullah ◽  
Khair Muhammad
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
Empirical Analysis ◽  
Environmental Degradation ◽  
Negative Relationship ◽  
Policy Makers ◽  
Significant Negative Relationship ◽  
The Impact

The main objective of this study is to investigate the impact of poverty, globalization, and environmental degradation on economic growth in the selected SAARC countries. This study is employed panel Autoregressive Distributive Lag (ARDL) technique for empirical analysis using selected SAARC regions including India, Pakistan, Bangladesh, Nepal and Sri Lanka over the period of 1980 to 2018. Globalization impacts economic growth positively and significantly.  In addition to this the significant negative relationship is found between population and economic growth. The results show that poverty is positively related with environmental degradation. Furthermore, the results indicate that globalization is positively and significantly associated with environmental degradation in the SAARC region. Finally, the results show that urbanization is positive and significantly associated with environmental degradation, which could be the serious concerns for the policy makers to control.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

The Impact Of Financial Sector Development On Economic Growth In The Middle East And North Africa

2019 ◽  
pp. 81
Author(s):  
محمد سعيد محمود بللور ◽  
عامر عبدالفتاح زكريا باكير
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
North Africa ◽  
Financial Sector ◽  
Financial Sector Development ◽  
The Impact

Cuba's “Equity without Growth” Dilemma and the 2011 Lineamientos

2012 ◽  
Vol 54 (03) ◽  
pp. 157-184 ◽  
Author(s):  
Javier Corrales
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Internet Access ◽  
Economic Reforms ◽  
Political Rights ◽  
Bicycle Industry ◽  
The Government ◽  
The Impact ◽  
Two Sectors

Abstract Cuba faces a development dilemma: it promotes equity and human capital while failing to deliver economic growth. For the government, the country's equity and human capital achievements are a source of pride, a sign that its priorities are right. This essay argues instead that this “equity without growth” dilemma is a sign of malaise. Theory and evidence suggest that high levels of equity and human capital should produce high levels of economic growth. Because growth is often weak or negative, some onerous barriers to development must be present. These barriers, it is argued, are restrictions on property and political rights. By comparing Cuba and China across two sectors, the bicycle industry and Internet access, this article shows how these restrictions have hindered growth. It also assesses how Cuba's latest economic reforms, the so-called Lineamientos, will address Cuba's development dilemma. The impact may be minimal, but perhaps more lasting than previous reforms.

Financial Sector Performance and Economic Growth vis-a-vis Development in Nigeria : A Granger Causality Approach

2018 ◽  
Vol 3 (6) ◽  
pp. 20-27
Author(s):  
Okaro , Celestine ◽  
Ogbonna , Kelechukwu Stanley ◽  
Uzondu , Chikodiri Scholastica ◽  
Adoms , Francis Uju
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Financial Sector ◽  
Sector Performance

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

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