Empirical Evidence on the J-Curve Between Pakistan and Selected South Asian Trade Partners
Issue:
Volume 3, Issue 4, July 2017
Pages:
57-64
Received:
4 July 2017
Accepted:
12 July 2017
Published:
3 August 2017
Abstract: The earlier researches investigated the J-curve hypothesis along with the Marshall-Lerner condition in Pakistan used the OLS, 2SLS, 3SLS, and Instrumental Variables (IV) techniques. The estimates obtained from these studies may suffer from spurious regression problems as the models were estimated without incorporating the co-integrating property of the variables. Hence, the objective of this work is to analyze the trade balance model using relatively the new co-integration approach, the ARDL model. The J-curve phenomenon is tested for Pakistan’s trade with her selected South Asian trade partners, including Republic of India and Democratic Socialist Republic of Sri Lanka using the annual time series data over the 1975-2013 periods. After empirical analysis, it was observed that the J-curve occurrence is rejected in favor of Pakistan with its trading partners. This study concludes that depreciation of Pakistani Rupee has a constructive result on Pakistan’s trade with these trade partners.
Abstract: The earlier researches investigated the J-curve hypothesis along with the Marshall-Lerner condition in Pakistan used the OLS, 2SLS, 3SLS, and Instrumental Variables (IV) techniques. The estimates obtained from these studies may suffer from spurious regression problems as the models were estimated without incorporating the co-integrating property of...
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Impact of Information Accessed Through Social Capital on Rational Ability of Owner Manager Small Enterprises in Sri Lanka
H. M. S. Priyanath,
S. P. Premaratne
Issue:
Volume 3, Issue 4, July 2017
Pages:
65-75
Received:
26 June 2017
Accepted:
11 July 2017
Published:
23 October 2017
Abstract: The study explored how information accessed through Social Capital (SC) affect the improvement of rational ability of Owner Manager Small Enterprises (OMSEs) in Sri Lanka. Data were collected from 373 Small Enterprises (SEs) located all the Provinces in Sri Lanka, conducting face to face interviews with respondents. The data were analysed using Partial Least Squares-Structural Equation Modelling. The results provided sufficient evidences to conclude that information access through different dimensions of SC (structural, relational and cognitive) have significant positive effects on the improvement of rational ability of OMSEs in Sri Lanka. The empirical results expand the understanding the relative efficacy of SC and rational ability in the context of SEs in a less develop country and deliver an alternative insights for policy makers to develop SEs by creating a conducive environment for strengthening SC of SEs in order to access more information.
Abstract: The study explored how information accessed through Social Capital (SC) affect the improvement of rational ability of Owner Manager Small Enterprises (OMSEs) in Sri Lanka. Data were collected from 373 Small Enterprises (SEs) located all the Provinces in Sri Lanka, conducting face to face interviews with respondents. The data were analysed using Par...
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