scholarly journals Indian Inclusion in CPEC: A Path to Indo-Pak Threat Reduction via Complex Interdependence

2020 ◽  
Vol 3 (2) ◽  
pp. 11-19
Author(s):  
Sohail Ahmad ◽  
Areeja Syed ◽  
Muhammad Bhutta
Keyword(s):  
South Asian ◽  
Positive Perception ◽  
The South ◽  
False Allegations ◽  
Complex Interdependence ◽  
Long Run ◽  
Interdependence Theory ◽  
Global Project

CPEC is a flagship project that can help India boost her economy to uplift the growing demands of infrastructural investment in the sector of energy, railroad connectivity and much more. As Pakistan and India get more economically integrated, the likelihood of any significant or minor war is going to be avoidable in the long run. India needs to understand that CPEC is not meant to destabilise any of the South Asian nations but to trigger the overall regional amalgamation. The addition of India to this global project is extremely industrious to take trilateral relations among China, Pakistan, and India towards new heights. With the backdrop of distrust, animosity, negative peace and zero political connectivity between India and Pakistan, CPEC is a feasible platform to eradicate these dilemmas if political connectivity is established. There is a need to have ideas and incentives which can convince India to be the part of CPEC. In addition, adverse reporting of media is also damaging this project by spreading false allegations. Therefore, the authors seek to explain how through CPEC, there can be less stress between India and Pakistan. What media can play its role to build the positive perception about this project. How media can make CPEC a vital source for reduction of hostility between the two states by applying the complex interdependence theory.

scholarly journals Economic Growth and Higher Education in South Asian Countries: Evidence from Econometrics

2020 ◽  
Vol 9 (2) ◽  
pp. 118
Author(s):  
Nilofer Hussaini
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
South Asian ◽  
Low Income ◽  
Tertiary Education ◽  
The South ◽  
Long Run ◽  
The Government ◽  
Enrolment Ratio ◽  
Relationship Of

South Asian economies has witnessed very slow growth over the years and the gap has widened manifold between other nations of Asia particularly East Asian nations and South Asian nations. This paper examines co-integration between the economic growth and reach of higher education in South Asian nations explaining this disparity. The research employed an econometric panel co-integration investigation to analyse the long run relationship of higher education and economic growth among these nations. The research confirmed positive long run causality between the economic growth of the South Asian nations and gross enrolment ratio of higher education. So, if the South Asian nations continue with their existing pattern of paying less attention to higher education by allocating low share of investment on it, poor human capital formation would result in growing further economic disparity between developed and South Asian nations where rich nations would remain richer and poor nations would remain poor with the gap remaining unabridged. This research will serve as an aid to policy makers, educators and financers of South Asian nations to bridge the gap between high- and low-income nations. The focus on the quantum of spending on higher education by the government will help improve the reach of tertiary education and build economic prosperity in these nations.

scholarly journals Kashmir dispute: Emerging complexities after abrogation of Article 370

2021 ◽  
Vol 2 (2) ◽  
pp. 13-25
Author(s):  
Rizwan Ali ◽  
Usman Mustafa
Keyword(s):  
South Asia ◽  
The South ◽  
Central Importance ◽  
Peaceful Resolution ◽  
Complex Interdependence ◽  
Interdependence Theory ◽  
Humanitarian Crises ◽  
The Status ◽  
Independent States

Kashmir dispute is one of the contentious issues between India and Pakistan since their inception as independent states in 1947. This paper addresses this dispute that how it has been a primary cause of contention between India and Pakistan. How is it a huge humanitarian crises in the South Asia and ultimately the cause of a bulk of defence expenditures by India and Pakistan. Nonetheless, both the countries realize that the problem of Kashmir can and should be resolved through peaceful negotiations to reach a non-military solution. Both the states continue giving it a central importance in their internal and external policies. This resultant peaceful cooperation between the two nuclear powers is a central part of complex interdependence theory, which is used in this paper for analysing the issue. Thus, the paper investigates the Kashmir conflict and the cooperation between India and Pakistan to seek a peaceful resolution. The paper qualitatively assesses the situation emerged in the Kashmir after the abolishment of Article 370, for which some key people are interviewed. The findings show that the unilateral abrogation of the article 370 by the Modi government that changed the status of Kashmir further intensified the conflict and undermined the peaceful efforts made so far.

scholarly journals Determinants Of Foreign Direct Investments In The South Asian Association For Regional Cooperation

2013 ◽  
Vol 29 (6) ◽  
pp. 1791 ◽  
Author(s):  
Frederic Teulon ◽  
Khaled Guesmi
Keyword(s):  
South Asian ◽  
Unit Root ◽  
Structural Breaks ◽  
Regional Cooperation ◽  
Foreign Direct Investments ◽  
The South ◽  
Fdi Inflows ◽  
Economic Significance ◽  
Long Run ◽  
The Relationship

This paper aims to investigate the relationship between Foreign Direct Investment (FDI) inflows and their determinants in six major countries in the South Asian Association for Regional Cooperation (SAARC) over the period 1998 to 2010. Using panel data techniques, we account for the possible presence of both economic dependencies and structural breaks. The findings show that there are common variables of economic significance among the examined countries. Macro determinants, such as openness, growth rate, exchange rate, and economic instability, have a long-run impact on FDI inflows in the panel. The results are submitted to a battery of tests, including panel unit root and panel co-integration tests.

scholarly journals Does Globalisation Influence Employment? Empirical Investigation on Individual as well as Panel of South Asian Countries

2020 ◽  
Vol 12 (1-2) ◽  
pp. 7-34
Author(s):  
Ramesh Chandra Das ◽  
Kamal Ray
Keyword(s):  
South Asian ◽  
Empirical Investigation ◽  
Panel Study ◽  
Asian Countries ◽  
The South ◽  
Dynamic Panel ◽  
Long Run ◽  
Short Run ◽  
Employment Generation ◽  
The Individual

Debate on globalisation versus protectionism was relevant in long back, though prevailing consensus construing protectionism saves job in the short run and slows economic growth in the long run. The objective of the study is to examine empirically whether globalisation affects overall employment generation in the South Asian countries during the period 1991–2016 in individual as well as panel of countries. Having no long-run associations in the majority of the countries, results support that the change in globalisation index makes a cause to change in employment only for Bhutan, while change of growth rate of employment makes a cause to change in the rate of globalisation for Maldives and Nepal. Further, the dynamic panel study fails to establish any long-run relationships between globalisation and employment of the countries of the region. However, in the short run, globalisation makes a cause to employment in the panel format, which is highly unlikely to happen in case of the individual countries. Thus, extent of globalisation and employment generation in the South Asian countries do not have strong inter relationships.

scholarly journals Socio-economic Scenario of South Asia: An Overview of Impacts of COVID-19

2021 ◽  
Vol 28 (1) ◽  
pp. 20-37
Author(s):  
Arti Yadav ◽  
Badar Alam Iqbal
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
South Asian ◽  
The South ◽  
Asian Region ◽  
Distributed Lag ◽  
Long Run ◽  
Before And After ◽  
Short Run ◽  
South Asian Region

The present study explores the socio-economic scenario of the South Asian region before and after the outbreak of the COVID-19 pandemic. It analyses the long run and short-run association between human development, unemployment and the economic growth of the region using the Pooled Mean Group (PMG) Autoregressive Distributed Lag (ARDL) model before the situation of the pandemic. It was found that human development has both short-run and long-run association, while the unemployment level has only a long run association with economic growth of the South Asian region. The study suggests that maintaining quality and growth sustainability during and after the pandemic situation will ultimately depend on the human development aspects of the region in terms of appropriate fiscal and monetary policy, vocational training, increased dependence on domestic production and consumption.

Remittances-inflation nexus in South Asia: an empirical examination

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hem C. Basnet ◽  
Ficawoyi Donou-Adonsou ◽  
Kamal Upadhyaya
Keyword(s):  
South Asia ◽  
South Asian ◽  
Panel Cointegration ◽  
Asian Countries ◽  
The South ◽  
Empirical Examination ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Impact

Purpose The purpose of this paper is to examine whether remittances induce inflation in South Asian countries, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka. Design/methodology/approach This study uses panel cointegration and Pooled Mean Group techniques covering from 1975 to 2017 to estimate the long-run and the short-run effect of remittances on inflation. Findings The estimated results suggest that the inflationary impact of remittances in South Asia depends on the time length. The inflow tends to lower inflation in the short run, whereas it increases in the long run. The findings highlight the regional peculiarity in the impact of remittances on the price level. The results are statistically significant and are confirmed by the Mean Group estimation as well. Originality/value Most past studies investigating the nexus between remittances and inflation in the South Asian context examine either these countries individually or include them all in a pool of big cross-sections. This study contributes to the literature by addressing this void. The South Asian countries should not generalize the earlier findings on the link between remittance inflows and inflation, as the short-run effect is different from the long run. Thus, these countries would be better off designing long-run policies that are different from the short run.

scholarly journals Investigating Okun’s Law in SAARC Countries: An ARDL Approach

2020 ◽  
Author(s):  
Md. Abu Hanif ◽  
Zobayer Ahmed ◽  
Hakan Acet ◽  
Savaş Çevik
Keyword(s):  
Growth Rate ◽  
South Asian ◽  
Unemployment Rate ◽  
Negative Relationship ◽  
Okun’S Law ◽  
The South ◽  
Okun's Law ◽  
Asian Region ◽  
Long Run ◽  
South Asian Region

Abstract Purpose: The aim of this paper is to test the applicability of Okun’s law in SAARC (South Asian Association for Regional Cooperation) counties. It also intends to find the long-run association between unemployment rate and growth rate and investigate the impact of growth rate on unemployment in the South Asian Region.Design/methodology/approach: The study uses annual time series data for eight SAARC countries, from 1991 to 2015. To meet the objectives of the research, the graphical illustration of trend with descriptive statistics are followed by econometric analysis. Based on the stationarity of the variables, an autoregressive distributive lag (ARDL) model has been estimated to test the long-run relationship between unemployment and growth.Findings: The results indicate that per capita GDP negatively influences the unemployment rate in the long run only in three member countries of SAARC, namely- Afghanistan, India and Sri Lanka and in the South Asian Region in aggregate. This paper also finds a negative relationship between the growth rate and unemployment rate in Bangladesh, but this association is not statistically significant. The study doesn’t find any negative relationship between the two variables in Bhutan, Maldives, Nepal and Pakistan. The study discovers the validity of Okun’s law, but the attained Okun coefficient is less than that of the actual Okun coefficient, documented by Arthur Okun. Another substantial evidence is that the significance of the connection between the growth rate and unemployment rate varies among the SAARC countries.Research limitations: The main limitation of this paper is the unavailability of data for Afghanistan compared to other SAARC countries. Originality/value: This paper is unique as it tests the validity of Okun’s law in every member country of SAARC and as a region of South Asia. To date, no such study like this has been found in the body of literature which finds long-run relationship in all SAARC countries.JEL Classification: E24, J64, O11, O40.

Does trade interdependency lead linkages between stock markets? A case of South Asian countries

2019 ◽  
Vol 15 (3) ◽  
pp. 490-506 ◽  
Author(s):  
Rakesh Kumar
Keyword(s):  
Sri Lanka ◽  
South Asian ◽  
Stock Prices ◽  
Stock Markets ◽  
Asian Countries ◽  
The South ◽  
Regional Trade ◽  
Content Type ◽  
Long Run ◽  
Short Run

Purpose The purpose of this paper is to test the dynamic linkages among the stock markets of four South Asian countries (India, Pakistan, Bangladesh and Sri Lanka) in the backdrop of trade interdependency. Design/methodology/approach Listed indices are used to serve the proxy of stock markets of four countries for the period: January 2000–December 2018. The study uses the autoregressive distributed lag model and Granger causality techniques in multivariate frameworks while focusing on intraregional trade as an exogenous factor for testing the long- and short-run causality in the given data set, hence raising the quality of statistical inference. Findings The results highlight that India and Pakistan are net exporters to the South Asian region, while Bangladesh and Sri Lanka are net importers from the region. While testing the stock markets linkages, the expanded intraregional trade volumes (exports plus imports) have occurred with the significant cointegration of stock markets of India and Pakistan with the other stock markets in the long run. In the short run, the stock markets of India, Pakistan and Sri Lanka report bidirectional causality without having significant spillovers of intraregional trade on the stock prices. Research limitations/implications The study relies on the multivariate techniques with stock prices and regional trade share as the exogenous variables. Further the regulatory, political and economic conditions of sample countries are fundamentally different which in turn affect their degree of trade interdependency and integration between the stock markets. Practical implications Nonsignificant cointegration of the stock markets of Sri Lanka and Bangladesh highlights the possibility of portfolio diversification in the long run, while the significant bidirectional causalities between the stock markets highlight the lesser degree of portfolio diversifications in the short run. Originality/value Pioneer efforts are made to examine the dynamic linkages between the South Asian stock markets while focusing on regional trade interdependency. The results provide new insight in the dynamics of stock returns of South Asian stock markets in the backdrop of intraregional trade.

scholarly journals Exports, Imports, and Economic Growth in South Asia: Evidence Using a Multivariate Time-series Framework

2004 ◽  
Vol 43 (2) ◽  
pp. 105-124 ◽  
Author(s):  
Muslehud Din
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Sri Lanka ◽  
South Asian ◽  
Multivariate Time Series ◽  
Output Growth ◽  
Growth Strategies ◽  
The South ◽  
Long Run ◽  
Growth Hypothesis

This paper examines the export-led growth hypothesis for the five largest economies of the South Asian region using a multivariate time-series framework. The South Asian countries present an interesting case study in view of their increasing outward orientation and adoption of export promotion policies as part of their growth strategies. A key feature of the study is the explicit incorporation of imports in the analysis to make allowance for their role in the export-economic growth relationship. While controlling for imports, the results indicate bi-directional causality between exports and output growth in Bangladesh, India, and Sri Lanka in the short-run. The study finds long-run equilibrium relationships among exports, imports, and output for Bangladesh and Pakistan. However, for India, Nepal, and Sri Lanka, no evidence of a long-run relationship among the relevant variables is found. These results are in contrast to some earlier work that found the export-led growth hypothesis to be a long-run phenomenon for all countries in the region.

From the Promise of Samosas to Hosting Bollywood Blowouts: Innovations in Reaching Out to the South Asian Community

2012 ◽  
Author(s):  
Rahul Sharma ◽  
Razia Kosi ◽  
Ulash Thakore-Dunlap ◽  
Sushama Kirtikar
Keyword(s):  
South Asian ◽  
The South ◽  
Asian Community ◽  
South Asian Community
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