scholarly journals IMPLICATION OF PAK-INDIA TRADE RELATIONSHIP ON PHARMACETICAL AND AUTOMOBILE AND ECONOMY OF PAKISTAN BY USING COMPUTABLE GENERAL EQUILIBIUM MODEL (CGE) Model

2016 ◽  
Vol 11 (4) ◽  
pp. 2936-2948
Author(s):  
Muhammad SalehMemon ◽  
Dr.Faiz M.Shaikh ◽  
Dr.Anwar Ali Shah G.Syed ◽  
Dr. Abdullah Sethar ◽  
Dr.Muhammad Ali
Keyword(s):  
Financial Services ◽  
List Item ◽  
Positive Impact ◽  
Cge Model ◽  
Trade Relationship ◽  
Tariff Rates ◽  
Automobile Parts ◽  
The Impact

This research investigates the Impact of PAK-INDIA trade on Economy of Pakistan. Data were collected from GTAP-7 database and six sectors were included in the database, Textile, Pharmaceutical, Automobile parts and engineering, Agriculture, Financial and Insurance services and logistics.  Data were analyzed by using GEM-software.  Different simulation run on GTAP-7 database and various tariff rates applied.  It was revealed that if India were removing the sensitive list item, in this scenario both countries would have positive impact on GDP, Export, Import and Employment of Pakistan.  The results indicates that there in Agriculture, textile, Auto Pakistan’s is head on India in MFN status.  In Pharmaceutical, Financial services and Logistics India has positive gain.  It was further revealed that if Pakistan is given MFN status to India, Pakistan’s import decreased and Export increased and overall positive impact on Economy. This research analyzes the potential economic costsand benefitsof Pak-India trade in Textile, Pharmaceutical, Automobile parts and engineering, Agriculture, Financial and Insurance services and logistics. Thefirstscenariois whennormaltradingrelationwithIndiawillberestored;it meansthat bothcountries will give theMFN (Most FavoredNations)statustoeach other. Inthesecondscenario,the SAFTAwill beoperativeandthere will be freetrade between IndiaandPakistanandbothcountrieswill remove all tariffsandcustom dutiesfrom eachothers’imports.TheGlobal tradeanalysisGTAPmodelisusedtoanalyzethe possibleimpactofSAFTAonPakistaninamulticountry,multisectorappliedGeneral equilibrium framework.After employingthe simplifiedstaticanalysisframework,theanalysisbasedonsimulationsrevealsthatcurrentdemandfor PakistaniTextile, Pharmaceutical, Automobile parts and engineering, Agriculture, Financial and Insurance services and logistics willexpandaftertheFTAand consumersurplus willincrease.Thedropinthedomesticpricesofdates willincreasethe production ofmany downstream industries,whichwillhave pleasantmultipliereffectsontheeconomyofPakistan.Thegovernmentmay reduceMFNtariffsonindustrialdatesbeforeimplementingtheFTA. 

scholarly journals IMPACT OF PAK-INDIA TRADE ON ECONOMY OF PAKISTAN BY USING COMPUTABLE GENERAL EQUILIBIUM MODEL (CGE)

2016 ◽  
Vol 11 (1) ◽  
pp. 2672-2681
Author(s):  
Muhammad Salih Memon ◽  
Dr.Nadeem Bhatti ◽  
Faiz Muhammad Shaikh ◽  
Dr.Anwar Ali Shah G.Syed
Keyword(s):  
Static Analysis ◽  
Free Trade ◽  
Financial Services ◽  
Positive Impact ◽  
Consumer Surplus ◽  
Analytical Framework ◽  
Legal Framework ◽  
Automobile Parts ◽  
The Government ◽  
The Impact

This research investigates the Impact of PAK-INDIA trade on Economy of Pakistan. Data were collected from GTAP-7 database and six sectors were included in the database, Textile, Pharmaceutical, Automobile parts and engineering, Agriculture, Financial and Insurance services and logistics.  Data were analyzed by using GEM-software.  Different simulation run on GTAP-7 database and various tariff rates applied.  It was revealed that if India were removing the sensitive list item, in this scenario both countries would have positive impact on GDP, Export, Import and Employment of Pakistan.  The results indicates that there in Agriculture, textile, Auto Pakistan’s is head on India in MFN status.  In Pharmaceutical, Financial services and Logistics India has positive gain.  It was further revealed that if Pakistan is given MFN status to India, Pakistan’s import decreased and Export increased and overall positive impact on Economy. This research analyzes the potential economic costs and benefits of Pak-India trade in Textile, Pharmaceutical, Automobile parts and engineering, Agriculture, Financial and Insurance services and logistics.  The first scenario is when normal trading relation with India will be restored; it means that both countries will give the MFN (Most Favored Nations) status to each other. In the second scenario, the SAFTA will be operative and there will be free trade between India and Pakistan and both countries will remove all tariffs and custom duties from each others’ imports. The Global trade analysis GTAP model is used to analyze the possible impact of SAFTA on Pakistan in a multi country, multi sector applied General equilibrium frame work. After employing the simplified static analysis framework, the analysis based on simulations reveals that current demand for Pakistani Textile, Pharmaceutical, Automobile parts and engineering, Agriculture, Financial and Insurance services and logistics will expand after the FTA and consumer surplus will increase. The drop in the domestic prices of dates will increase the production of many downstream industries, which will have pleasant multiplier effects on the economy of Pakistan. The government may reduce MFN tariffs on industrial dates before implementing the FTA. A key rule of multilateral trade system is that the reduction in trade barriers should be applied on a most-favored nation basis (MFN) to all WTO members. The only exception to the MFN principle built into the GATT legal framework is the provision for reciprocal free trade within customs unions and free trade areas (GATT article XXIV). Following the analytical framework discussed by PO managerial (2001), we employ the simplified static analysis by using CGE model for policy implication, which reveals that Pakistan will gain benefit from Pak-India trade. Results based on this research reveal that on SAFTA, grounds, here will be net export benefits in Pakistan’s economy.

scholarly journals The Impact of Financial Development on Innovation Activities in Emerging and Developing Countries

2019 ◽  
Vol 10 (1) ◽  
pp. 112 ◽  
Author(s):  
KamiliaKamilia LoukilLoukil
Keyword(s):  
Developing Countries ◽  
Financial Development ◽  
Financial Services ◽  
Positive Impact ◽  
Threshold Model ◽  
Threshold Value ◽  
Innovation Activities ◽  
Linear Effects ◽  
Emerging And Developing Countries ◽  
The Impact

We investigate in this paper the effect of financial development on innovation in emerging and developing countries. The estimation of panel threshold model for a sample 54 countries during the period 1980-2009 shows the presence of non linear effects in the relationship between financial development and innovation. We find a threshold value of economic development below which the financial development level has no significant impact on innovation and above which financial development has a significant positive impact on innovation. In sum, our findings suggest that the presence of a healthy economic environment is crucial for financial institutions to offer high-quality financial services, promoting more innovation.

scholarly journals Zero-rating food in South Africa: A computable general equilibrium analysis

2004 ◽  
Vol 7 (3) ◽  
pp. 521-531 ◽  
Author(s):  
M Kearney ◽  
J H Van Heerden
Keyword(s):  
General Equilibrium ◽  
Financial Services ◽  
Computable General Equilibrium ◽  
Positive Impact ◽  
Equilibrium Analysis ◽  
Cge Model ◽  
Percentage Increase ◽  
General Equilibrium Analysis ◽  
Revenue Sources ◽  
Poor Households

Zero-rating food is considered to alleviate poverty of poor households who spend the largest proportion of their income on food.  However, this will result in a loss of revenue for government.  A Computable General Equilibrium (CGE) model is used to analyze the combined effects on zero-rating food and using alternative revenue sources to compensate for the loss in revenue.  To prohibit excessively high increases in the statutory VAT rates of business and financial services, increasing direct taxes or increasing VAT to 16 per cent, is investigated.  Increasing direct taxes is the most successful option when creating a more progressive tax structure, and still generating a positive impact on GDP.  The results indicate that zero-rating food combined with a proportional percentage increase in direct taxes can improve the welfare of poor households.  

scholarly journals The Influence Of Corporate Governance, Capital Structure, and Company Size on The Company's Financial Performance

2021 ◽  
Vol 5 (2) ◽  
pp. 98-108
Author(s):  
Muhammad Abdul Izzatur Rahman ◽  
Subagio Subagio
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Financial Performance ◽  
Firm Size ◽  
Financial Services ◽  
Good Governance ◽  
Positive Impact ◽  
Company Size ◽  
Bank Capital ◽  
The Impact

This study aims to examine the effect of the implementation of corporate governance, capital structure, and firm size on the financial performance of banking companies. The implementation of good corporate governance is an obligation that must be carried out by companies which already have guidelines from the Financial Services Authority and other institutions. In fact, not all companies have applied good governance even though it can improve the performance of the company so it becomes interesting to study the impact of good governance implementation in Indonesia. This study uses panel data regression analysis with research samples from banking companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2019. The results of the study as overall show that corporate governance, capital structure and firm size have a positive effect on the company's financial performance. Managerial ownership as corporate governance proxy has a significant positive impact on financial performance partially. Keywords: bank, capital structure, corporate governance, company size

Customer perception of adoption and use of digital financial services and mobile money services in Uganda

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tapiwanashe James Museba ◽  
Edmore Ranganai ◽  
Gianfranco Gianfrate
Keyword(s):  
Qualitative Research ◽  
Financial Services ◽  
Social Impact ◽  
Positive Impact ◽  
Financial Inclusion ◽  
Bottom Of The Pyramid ◽  
Content Type ◽  
Customer Perception ◽  
Mobile Money ◽  
The Impact

Purpose This paper aims to investigate the impact of fintech, mobile money and digital financial services in Uganda and factors impacting adoption of the services. The study will also determine their social impact through financial inclusion in the Ugandan market. Design/methodology/approach This study covers the adoption and use of fintech, mobile money and digital financial services in Uganda. A case study approach was used through a survey questionnaire for 400 randomly selected participants within the Kampala region. Questionnaire was designed to measure customer perception of digital financial services and adoption including mobile money and agency banking. Findings The adoption of mobile money services is driven by mobile devices penetration and the need for access to financial products and services for the unbanked. Results support CGAP (2013) that observed that mobile money adoption was based on two key variables: social network and social interactions of the customer and a segment of customers who can be described as mobile technology leaders (early adopters). There has been positive impact on person to person transfers, grocery payments and mobile money providers have to continue to simplify the access to financial services and bring convenience to the bottom of the pyramid. And mobile money positively impacts sustainable developmental goals covering Gender Equality (SDG5), SDG 8 – Decent Work and Economic Growth; expanding financial inclusion through mobile money and SDG 10 – Reduce Inequalities. Research limitations/implications This study has limitations commonly prevalent with qualitative research, including the small size limited to Kampala and challenges of making generalisations beyond this context. Practical implications The paper might serve as a valuable source of information for government and fintech companies in developing the digital financial services ecosystem as well as for students and academics for further case studies in this area. Originality/value This paper serves as one of the first qualitative research papers concerning mobile money and digital financial services adoption, solely focused on Uganda. Its value is in its showcasing of the importance of mobile money among customers in emerging markets.

The Impact of Innovation on Financial and Insurance Services Exports

2017 ◽  
Vol 17 (4) ◽  
Author(s):  
Kristie Briggs
Keyword(s):  
Financial Services ◽  
Positive Impact ◽  
Service Industries ◽  
Business Services ◽  
Service Oriented ◽  
Trade Partner ◽  
Bilateral Exports ◽  
The Impact ◽  
Extensive Margin Of Trade ◽  
Positive Effect

AbstractStriving for growth in service exports is an important way many service-oriented countries offset trade deficits commonly generated by a disproportional dependence on manufactured imports. Exports of business services are a significant subset of overall services trade. This paper examines whether innovation enhances exports of financial and insurance services by firms operating in these service industries. Results indicate that innovation has a sizable, positive impact on financial and insurance services exports. This holds true when examining a country’s aggregate level of insurance and financial services exports, as well as bilateral exports to a specific trade partner. However, robustness tests suggest that the positive effect of innovation on bilateral financial and insurance services exports holds true only at the extensive margin of trade (i. e. the decision to export), but not at the intensive margin (i. e. how much to export).

Role of Microfinance Institutions in Development of India

2018 ◽  
pp. 138-155
Author(s):  
Amir Manzoor
Keyword(s):  
Rural Areas ◽  
Financial Services ◽  
Urban Areas ◽  
Positive Impact ◽  
Easy Access ◽  
Microfinance Institutions ◽  
Related Services ◽  
Using Data ◽  
The Impact

The role and contribution of microfinance institutions (MFIs) is very important in development. Microfinance is a very important source of financial services for people and microenterprises that do not have easy access to banking and related services. The objective of this chapter is to assess empirically the impact of MFIs on development of India. This study aims to fill a gap in econometric assessments of microfinance institutions. Using data of MFIs operating in India and using savings of client as proxy for development, this chapter found empirical evidence for significant positive impact of microfinance institutions on development. While development in rural regions generally lags behind urban areas, this chapter found no statistical evidence for differences in the marginal impact of microfinance institutions subject to geographical positions. It can therefore be concluded that impact of MFIs on development in rural areas is positive and independent of environment.

scholarly journals The Effect of Microfinance Bank Services on Women Empowerment: The case for Women Entrepreneurs in Irbid, Jordan (SMEs)

2021 ◽  
Vol 9 (1) ◽  
pp. 38-49
Author(s):  
Ahmed Mahmoud Abdallah Alshammari ◽  
Wan Mohd Nazri Wan Daud
Keyword(s):  
Cultural Values ◽  
Gender Discrimination ◽  
Financial Services ◽  
Women Entrepreneurs ◽  
Structural Equation ◽  
Positive Impact ◽  
Least Square ◽  
Microfinance Institutions ◽  
Cross Sectional Survey ◽  
The Impact

Generally, women, entrepreneurs face problems in accessing funding due to factors that stem from cultural values, ??societal needs, family ties, illiteracy, gender discrimination, strict government policies, economic crisis, and the lack of training in entrepreneurship and skills acquisition that hinders entrepreneurial activities. This study was conducted to examine the impact of microfinance bank services in empowering female entrepreneurship in Irbid Governorate. The study used a cross-sectional survey research design consisting of 20,000 registered businesswomen. A total of 392 working women were selected using stratified sampling technique and the data was analysed using Least Square Structural Equation Modelling (PLS-SEM) with the help of SmartPLS3 software. The results showed that microfinance loans, microfinance savings, and financial interventions or donations had a significant, positive impact on empowering women's businesses in Irbid, Jordan. The study concluded that microfinance deposits could elevate women’s income and act as a guarantee to obtain loans and other microfinance services. Consequently, microfinance institutions (MFIs) should empower more women-owned businesses. In addition, the government through the Central Bank of Jordan should reduce the interest rate of microfinance banks to attract more female entrepreneurs and create more microfinance bank plans and financial intervention packages to enhance financial services to ensure donations and funds reach women entrepreneurs.

scholarly journals THE IMPACT OF MICROFINANCE SUPPORT ON THE DEVELOPMENT OF MANUFACTURING SMEs OPERATING IN WINDHOEK, NAMIBIA

2022 ◽  
Vol 9 (12) ◽  
pp. 250-272
Author(s):  
Romeo Asa
Keyword(s):  
Financial Services ◽  
Financial Management ◽  
Financial Support ◽  
Capital Accumulation ◽  
Financial Constraints ◽  
Positive Impact ◽  
Early Stage ◽  
Microfinance Institutions ◽  
Qualitative Approaches ◽  
The Impact

Over the years, the superlative contribution of SMEs on economic growth predominantly in emerging states such as Namibia has been gaining considerable prestige at a rapid rate. However, deficient access to cost-effective financial adequacy remains a leading stumbling block that denies them the opportunity to survive in a competitive market, grow and develop above the average. That being true, the rate of SMEs’ failure continues to escalate precisely among those that are in their early stage of operation. To curb that specific issue, microfinance institutions (MFIs) intervene to provide dual supports through the delivery of financial and non-financial services. Access to such support helps SMEs to reduce their financial constraints, resulting in sound and viable development for businesses. In this respect, the central objective of this study was to investigate the impact of microfinance acquisition on SMEs’ development with reference to the manufacturing firms in Windhoek, Namibia. Evenly relevant, the study sought to further assess the effect of acquired microfinance support on competitiveness and finally devise suitable strategies that MFIs could adopt or adapt to improve the provision of microfinance services to penurious SMEs. The study employed a pragmatistic paradigm. Therefore, mixed research methods constituting both quantitative and qualitative approaches were utilised to successfully attain the threefold objectives of the study. 60 questionnaires were disseminated through emails to the sampled SMEs for data collection where only 44, accounted for 73% were considered for further analysis. Regarding financial support, the study assessed the matter based on technology enhancement, assets capital accumulation, job creation, business’ branches extension, and product development and expansion. Similarly, assessment on non-financial support was focused on managerial and leadership skills, as well as unblemished financial management. To test the nexus between microfinance support and SMEs’ development, multiple regression analysis was employed at 5% level of significance. Findings presented by the study revealed a positive strong relationship between the variables. More to that, the correlation between microfinance support and SMEs’ competitiveness was tested using correlation coefficient analysis and results found the variable to be statistically correlated. To this end, the study affirms that there exists a significant positive impact of microfinance support on SMEs’ development and competitiveness, implying that healthy and ample microfinance institutions are immensely essential to provide the required support lucratively, using the most satisfying strategies for a mutual benefit of the involved parties. Therefore, three strategies for improving the provision of microfinance support, constituting Public Credit Guarantee Schemes (PCGS); compensation of interest rate with the repayment period; and the provision of tools and equipment were designed. Also, the study recommended government intervention in formulating policies necessary for easing collateral requirements. More, MFIs are also advised to find ways for fastening their evaluation processes and give feedback on approval or disapproval of the application soon. They should also allow potential SMEs to borrow multiple times in a year or increase the principal amount. Finally, the study suggested future studies to focus on the role of the government in addressing SMEs’ financial constraints and use a longitudinal approach with a predominant focus on other sectors.  

SFC’s new guidance note redefines cooperation in disciplinary, civil court and market misconduct tribunal proceedings

2018 ◽  
Vol 19 (3) ◽  
pp. 45-47
Author(s):  
Cynthia Tang ◽  
Bryan Ng ◽  
Gloria Ng
Keyword(s):  
Financial Services ◽  
Positive Impact ◽  
Early Stage ◽  
Active Role ◽  
Current Approach ◽  
Senior Management ◽  
Content Type ◽  
Civil Court ◽  
Guidance Note ◽  
The Impact

Purpose The purpose of this paper is to discuss the new “Guidance Note on Cooperation with the SFC” released by the Hong Kong Securities and Futures Commission (“SFC”) on 12 December 2017, which updates the SFC’s previous guidance note issued in 2006. Design/methodology/approach This paper explains key features to the guidance note, the SFC’s current approach in investigations and enforcement and the impact on regulated parties and senior management. In particular, the authors discuss what cooperation means in disciplinary, civil court and market misconduct tribunal proceedings. Findings The new guidance note confirms that the SFC will play an increasingly active role in investigations and that taking proactive steps at an early stage, including involving senior management, will have a positive impact on the outcome of the investigation. Originality/value Commentary and practical guidance from experienced securities enforcement and financial services regulatory enforcement lawyers.

Sign in / Sign up

Export Citation Format

Share Document