
Dr. Amjad AliUniversity of Lahore | UOL · Lahore School of Accountancy and Finance, City Campus, Lahore
Dr. Amjad Ali
Doctor of Economics
About
92
Publications
45,423
Reads
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3,152
Citations
Introduction
Additional affiliations
November 2020 - present
European School of Advanced Management (ESAM)
Position
- Research Associate
Description
- I am working in ESAM as an Associate Researcher. ESAM is helping to flourish and groom my research activities.
September 2018 - present
Position
- Professor (Assistant)
Description
- I am working at University of Lahore, Department, Lahore School of Accountancy and Finance as an Assistant Professor. I am Teaching Econometrics, Macroeconomics, Issues in Pakistan Economy, to Mphil and Ph.D classes, and Supervising Mphil and Ph.D students in their research.
Education
January 2012 - December 2015
January 2009 - January 2012
September 2004 - April 2006
Publications
Publications (92)
This paper has investigated the impact of food production, school enrollment, inflation, population
growth, per capita income and CO2 emissions on life expectancy for Sultanate of Oman. Time series data is used
from 1970 to 2012. For examining the cointegration among the variables Autoregressive distributed (ARDL) lag
approach is used. The estimate...
It is generally observed that fertility determines different economic, social and programme input variables. This study investigates the impact of sector specific (health and education) foreign aid on fertility in the case of Pakistan. The empirical investigation using Auto Regressive Distributed Lag Model (ARDL) over the period of 1973-2012 shows...
This paper visits the impact of economic misery on human capital outflow
using time series data over the period of 1975–2012. We have applied the combined
cointegration tests and innovation accounting approach to examine long run and causal
relationship between the variables. Our results affirm the presence of cointegration
between the variables. W...
The present study investigates the determinants of life expectancy in the presence of economic misery using Pakistan’s time series data over the period of 1972–2012. The stationary properties of the variables are examined by applying unit root test accommodating structural breaks. The ARDL bounds testing approach to cointegration is applied to exam...
In the case of developing countries, this study looks at the factors that contribute to financial distress between 2002 and 2021. For empirical analysis, a total of 35 developing economies have been chosen. The explanatory factors in this study include the budget deficit, balance of payments, fiscal and monetary policy, gross domestic products, pol...
In the case of developed countries, this study looks at the factors that contribute to financial distress between 2002 and 2021. For empirical analysis, a total of 27 developed economies have been chosen. The explanatory factors in this study include the budget deficit, balance of payments, fiscal and monetary policy, gross domestic products, polit...
Controlling ecological deterioration is critical for the well-being of current and future generations, as it ensures a sustainable environment that promotes health, productivity, and the general quality of life. This study investigates the interplay between innovation, economic growth, and ecological impact across 18 countries, which collectively a...
Smooth and stable commercial/business activities are the prime concern of every nation, as these activities decide the developmental routes of the economy. This study has examined the role of institutional development and policy mix in determining business freedom in developing countries. Institutional development has been measured with the help of...
Financial inclusion, ensuring access to affordable financial products and services, is vital for
economic development and poverty reduction. This study investigates the relationship between bank
concentration, policy mix, and financial inclusion dynamics in developed and developing nations across 2014,
2017, and 2021. Utilizing financial inclusion...
In macroeconomic literature, fiscal policy is considered a powerful tool to achieve sustainable development, full employment, and social well-being in developed and developing societies. For this, public authority uses expansionary and contractionary tax policies to achieve stable growth and employment environment for the stable labor market. This...
The role of work motivation is of paramount importance in establishing a correlation among several organizational practices, including employee awards, training, Islamic work accommodation, and the degree of job happiness seen by employees. Acquiring understanding and proficiently managing this intermediate role holds significant significance for b...
Sustainable development is of great significance for present and future generations. This study examines the mediation role of economic growth on sustainable development through country risk. We have employed the structural equation modeling (SEM) technique to examine the direct and indirect effects of exogenous and endogenous variables. We conduct...
This research has examined the impact of business freedom on environmental degradation in developed and developing countries from 2000 to 2022. Panel least squares and generalized method of moments have been applied for empirical analysis. Our findings show that both business freedom and renewable energy consumption have a significant and detriment...
The purpose of this study is to investigate the impact of servant leadership on entrepreneurial performance with the mediating role of duty orientation and moderating role of pro-social motivation. Small and medium-sized firms (SMEs) are essential for the growth of the global economy because they encourage innovation and employment creation. Modern...
The concept of sustainable development holds significant importance for both current and future generations. This research examines the different pathways and relationships among sustainable development, stock market performance, foreign direct investment, regulatory framework, and innovation. The structural equation modelling technique and analysi...
The concept of sustainable development holds immense importance for both current and future generations. This study investigates the manner in which economic growth acts as a mediator in the relationship between sustainable development and the regulatory framework. We have utilized the structural equation modeling technique to investigate the direc...
This study explores the complex relationship among corporate governance, financial performance, and stock prices in Pakistan's non-bank financial industry from 2017 to 2021. Employing panel least squares and generalized method of moments for empirical analysis, our research highlights the substantial and positive correlation between stock prices an...
This study aims to examine the impact of financial inclusion on human well-being in South Asian countries from 1996 to 2020. Specifically, Pakistan, India, Sri Lanka, and Bangladesh were selected for this investigation. Human well-being is treated as the dependent variable, while financial inclusion, health facilities, voice & accountability, incom...
Presently, monitoring and analysing financial integration has become a key function and requirement of the financial regulatory bodies and central banks of the countries. It has also been observed that financial integration is important to make the financial system streamlined and efficient which is eventually used to make monetary policies and to...
This study explores the determinants of policy mix in South Asia from 2000 to 2022, by using panel least squares and fixed/random effect models. We have used defense spending, health and education expenditures, corruption levels, and financial development, whereas policy mix, monetary freedom and fiscal freedom have been used as dependent variables...
Presently, environmental degradation is the prime concern of the world economies as a whole. Following this concern, Sustainable Development Goals designed by the UNDP raise the slogan “Clear Environment for All”. This paper has analyzed the impact of business freedom on environmental degradation in the case of 110 developing countries from 2000 to...
This study explores the relationship between inflationary pressure and policy mix in developing countries from 1995 to 2022. Money supply, unemployment rate, regulatory policies, currency rate, remittances, and amount of foreign debt are explanatory factors, whereas inflationary pressure is the dependent variable. Panel least squares and fixed effe...
The Kingdom of Saudi Arabia has witnessed unprecedented economic growth in recent decades, propelling it onto the global stage. However, this rapid growth is often associated with a notable increase in carbon dioxide emissions, which carry significant environmental ramifications. In light of this pressing concern, this research undertakes a compreh...
The study tests the effect of liquidity risk management on financial performance of commercial banks in Pakistan. Pakistani financial market is heavily dependent on its banking sector to achieve its financial goals and stability. Therefore, banking sector's performance has a significant effect on the overall economy of the country. To achieve its n...
This research has explored the effects of foreign capital inflows on the current account deficit in developing countries from 1995 to 2020. The study considers various factors such as import demand, export demand, foreign direct investment, foreign debt, economic growth, foreign remittances, and foreign reserves as independent variables. The analys...
This article has examined the role of environmental conditions and purchasing power parity in deciding the quality of life among big Asian cities. The study has constructed an index for quality of life with the help of housing, crime rates, death rate, average life expectancy, environmental degradation, and level of education. Quality of life has b...
Minimizing the level of economic misery is one of the prime objectives of all economies for the last couple of decades. It is not individuals who can themselves control it, some public policy options provide roots to minimize economic misery. This article has examined the role of public policy in determining the level of economic misery among devel...
This study has investigated the majority shareholder's practice to use minority shareholders' wealth without their consent which influence the performance of firms in Pakistan from 2009 to 2020. The firm performance has been taken as an explained variable, whereas ownership concentration, inside ownership, firm size, leverage, and investment growth...
Across the globe, human lifestyles are accelerating carbon emissions, and this phenomenon is especially pronounced in developing nations. As the world grapples with the compelling imperative to address severe environmental challenges, technology has emerged as a steadfast ally. Over recent decades, the advancement of cutting-edge technology and the...
This study explains the relationship and significance of terrorism attacks and Pakistan Stock Exchange behavior. This study uses standard event study methodology and data relating to the stock market index was collected from the website of the Pakistan Stock Exchange and data relating to terrorist events was collected from the newspapers of Busines...
Studying the level of economic growth remains a topic of discussion among economists and policymakers. As economic growth further impacts the socioeconomic development of the country. The present study has investigated the impact of innovations and financial development on economic growth in case 58 developing counties from 2000 to 2020. To analyze...
This study provides an exploration of the impact of political events on the Pakistan Stock Market using a larger data set. The stock market of Pakistan which is considered the top-performing market in the region has suffered as well as foreign investors are reluctant to invest in Pakistan stock markets due to uncertainty caused by political instabi...
The study tests the effect of liquidity risk management on financial performance of commercial banks in Pakistan. Pakistani financial market is heavily dependent on its banking sector to achieve its financial goals and stability. Therefore, banking sector's performance has a significant effect on the overall economy of the country. To achieve its n...
Globalization has been witnessed to bring numerous benefits to the advancement in information communication technologies. However, to analyze this relationship mostly aggregate globalization and country-specific studies have been conducted, without considering the importance of disaggregate globalization for advancement in information communication...
This study has examined the impact of sectoral growth on CO2 emissions in the case of Pakistan from 1970 to 2019. ADF and PP unit root tests have been applied to check the stationarity of the data series, whereas the Zivot-Andrew structural break unit root test has been applied to check the existence of structural break. The results of the unit roo...
Demand-side public policy paly a risk-reducing role for imperfect sectors of the developing economies through public investment during liberalization. Public sector investment, composition, and structure play an important role to determine the comparative advantage for the productive sector. This study explores the effect of trade liberalization an...
Purpose: The objective of this exploration is to show the relation among corporate governance tools (board size, board independence, CEO status, Board Education, and Established Years of the firm) and firm performance which is determined by return on asset (ROA). Methodology: Quantitative data are used to discover the association between the variab...
Purpose: The objective of this exploration is to show the relation among corporate governance tools (board size,
board independence, CEO status, Board Education, and Established Years of the firm) and firm performance which is
determined by the return on asset (ROA). Methodology: Quantitative data are used to discover the association between
the...
The objective of this exploration is to show the relation among corporate governance tools (board size,
board independence, CEO status, Board Education, and Established Years of the firm) and firm performance which is
determined by return on asset (ROA). Methodology: Quantitative data are used to discover the association between
the variables. T...
The study tests the effect of liquidity risk management on financial performance of commercial banks in Pakistan. Pakistani financial market is heavily dependent on its banking sector to achieve its financial goals and stability. Therefore, banking sector's performance has a significant effect on the overall economy of the country. To achieve its n...
The purpose of this study is to investigate the comparative impact of conventional and Islamic bonds over returns. It provides useful insights to investors to diversify investment by lowering the risk to the optimum level. This study examines the impact of the conventional and Islamic portfolios on returns through simple OLS regression, suggesting...
This article has examined the differences in performance between the Islamic and conventional stocks and bond indices in the developed and emerging countries. The sample period is consisted of 2007 to 2018 in equity, whereas the period of debt is from 2014 to 2018. Different risk-adjusted return measurements have been applied to investigate that Is...
This paper has examined the effect of urbanization and economic misery on average life expectancy in selected MENA nations from 2001 to 2016. Panel ARDL has been used for reviewing the co-integration among the selected indicators. The causality of the variables has been analyzed by impulse response function and variance decomposition. The outcomes...
This paper has tried to analyse the socioeconomic determinants of Turkey's total and gender-specific life expectancy from 1971 to 2017. ADF has checked data stationarity, PP and DFGLS unit root tests, the time series structural breaks have been checked with the help of Zivot and Andrews (2002) unit root test, and co-integration has been checked wit...
This study analyses the impact of advancement in information and communication technologies (ICT) on economic development over the period of 2000 to 2017 in the case of 87 developed and developing countries. The developed and developing countries are selected following the ranking of the International Monetary Fund's World Economic Outlook Database...
This article investigates the impact of renewable energy consumption and natural resource depletion on environmental degradation from 1990 to 2014. The analysis of this study is distributed into three parts, developing country analysis, developed country analysis and complete sample analysis. An insignificant relation has found between natural reso...
This study has examined the effect of remittances on the labour force participation decisions and preferences of the individuals towards different employment status and work categories. The data from the rural and urban areas of the two provincial capitals of Pakistan has been collected to cover the main range of the topic. The study adds in existi...
This study has investigated the impact of gender inequality and environmental degradation on human well-being in the case of Pakistan from 1980 to 2019. Augmented Dickey-Fuller unit root test is used for stationarity of the variables. The Autoregressive Distributed Lag Model (ARDL) is used for co-integration among the variables of the model. The re...
The inflow of foreign direct investment shows the economic and political strength of a country (Bevan & Estrin, 2004). Resources agglomeration and foreign direct investment have a theoretical and empirical relationship (Carlton, 1983; Hansen, 1987; Krugman, 1991; Wheeler and Mody, 1992; Friedman et al., 1992; Head et al., 1995; Henderson and Kuncor...
The purpose of this study is to investigate the comparative impact of conventional and Islamic bonds over returns. It provides useful insights to investors to diversify investment by lowering the risk to the optimum level. This study examines the impact of the conventional and Islamic portfolios on returns through simple OLS regression, suggesting...
The purpose of this study is to investigate the comparative impact of conventional and Islamic bonds over returns. It provides useful insights to investors to diversify investment by lowering the risk to the optimum level. This study examines the impact of the conventional and Islamic portfolios on returns through simple OLS regression, suggesting...
Abstract
Pakistan is struggling against many problems; out of which political instability and terrorism are
crucial problems. These issues hindered the economic growth of the country as well as the
confidence of investors. This study has investigated the impact of political events on Pakistan
Stock Exchange. This paper uses a standard event study m...
This study provides a review of benefit and losses of greenhouse gases. For the last decades, the average global temperature is rising on the surface as well as on the oceans. There are a number of factors behind this rise, but the main cause of this rise is anthropogenic increase in greenhouse gases (GHG). The anthropogenic factors comprise of bur...
The paper takes up the case of gender build inequality and its potential repercussions on economic growth of Pakistan. Using cointegration and causality analysis, we explore the relationship between gender inequality and its macroeconomic determinants i.e. economic growth, financial development, trade openness and foreign direct investment. For the...
During the 1980's child survival first time attached with biological and social factors for its determination (Mosley and Chen, 1984). Socioeconomic factors need some proximate factor to impact child survival, at that time, policymakers believe that socioeconomic factors indirect impact on child survival. But maternal factors, environmental contami...
Corruption is like an epidemic that has the power to destroy a country’s socioeconomic, financial, human and political environment. It has severe consequences in developing countries. This study has examined the impact of existing human, political, financial and economic factors on corruption for a set of panel countries. The data from 1995 to 2004...
This article has examined the impact of unemployment, population density and amount of remittances, industrialization on crime rate among the districts of Punjab, Pakistan. The data has been composed from Pakistan Bureau of Statistics, the Multiple Indicator Cluster survey (MICS), Punjab Development Statistics (2018). The Johansen cointegration met...
This study attempts to investigate the effect of free trade on trade tax revenue in case of Pakistan, during 1972 to 2014. For time series analysis, Autoregressive Distributed Lag (ARDL) model has been used for examining the long-run co-integration among the variables; Vector Error-Correction (ECM) model is used for short-run dynamics of the variab...
Trade liberalization plays a significant role in the development of an economy as all countries have insufficient resources and depend on trade to grow and prosper. The key objective of this study is to explore the relationship of trade liberalization on women empowerment. It also aims to find out whether it is beneficial for gender gap or not. Thi...
Inclusive growth is the main target of development economics, although developing countries have accelerated their overall economic growth but with less inclusiveness. This article has observed the impact of macroeconomic situation on inclusive growth in South Asia (Pakistan, India, Sri Lanka and Bangladesh) over the period of 1991 to 2014. This ar...
This study has investigated the impact of macroeconomic instability on income inequality in Pakistan over the period of 1980 to 2015. A comprehensive macroeconomic instability index has been constructed by incorporating inflation rate, unemployment rate, trade deficit and budget deficit. Stationarity of data is checked with the help of the Augmente...
Mostly economists believe that due to nonexistence of agglomeration
economies, there are less chances of employment spatial distribution in an economy.
Following the strands of previous literature about agglomeration special impacts,
this study has uplifted the curtain from some interesting realities. This study has
examined the association unemplo...
This study has analyzed the effect of socioeconomic well-being on women's status in case of Pakistan. To overview the women's status in case of Pakistan, a comprehensive index is constructed by using social, economic and political status of women. This study follows the methodology of United Nations Development Program (UNDP) gender inequality inde...
Taxation intends to raise the necessary funds for government expenditures, redistribution of income and stabilization of the economy, influence the allocation of resources and to overcome the externalities. Taxation is also supportive of the process of stable economic growth. This study has examined the impact of macroeconomic situations on tax rev...
This paper has examined the determinants of environmental degradation under the perspective of globalization in the case of selected MENA nations (Jordan, United Arab Emirates, Saudi Arabia, Algeria, Qatar, Lebanon, Egypt, Bahrain, Iran, Morocco, Israel, Kuwait, Oman and Tunisia) over the period of 1980 to 2013. ADF - Fisher Chi-square, Im, Pesaran...
This study has analyzed the determinants of social progress in the presence of macroeconomic instability in Pakistan over the period of 1980 to 2015. Under-five survival rate is used for measuring social progress and a comprehensive macroeconomic instability index is constructed by incorporating inflation rate, unemployment rate, budget deficit and...
This study has investigated the impact of socio-economic status on life expectancy in the case of Lebanon over the period of 1971 to 2014. Availability of food, CO2 emissions, secondary school enrollment, per capita income and population growth are used for reviewing socio-economic status of Lebanon. Johansen test is used for examining co-integrati...
This paper examines the environmental kuznets curve (EKC) hypothesis for China in the presence of globalization. We have applied Bayer and Hanck combined cointegration test as well as the auto regressive distributed lag (ARDL) bounds testing approach to cointegration by accommodating structural breaks in the series. The causal relationship among th...
The study has examined the relationship between the socio-economic and demographic changes with total labor productivity in Pakistan over the period of 1980 to 2013. Human development index, dependency ratio, domestic investment, foreign direct investment, globalization and inflation rate are the selected socio-economic and demographic variables. A...
The world is rapidly transforming into a global village and trade liberalization has gained exceptional attention from various developed as well as developing economies. In this era of globalization, developing economies are facing new fiscal revenues challenges and they are forced to change their traditional revenue collection methods under the he...
Life expectancy function is investigated for Pakistan. Cointegration and causality approaches are employed. Policy recommendations have been provided. Abstract Purpose: This study has investigated the impact of income inequality, globalization and environmental degradation on life expectancy in Pakistan. The study uses time series data for the...
This study investigates the impact of some selected socioeconomic factors on fertility rate in Tunisia over the period of 1971 to 2014. Philips Perron (PP) unit root test is used for testing the stationarity of the variables. For examining the co-integration among the variables of the model, Autoregressive Distributed Lag (ARDL) approach to co-inte...
Food insecurity function is estimated for Pakistan. The VAR approach is applied. The Malthusian theory works in Pakistan. Abstract Purpose: Specific amount of food and safe drinking water are basic necessities of living human-beings. The human population of the universe is touching its highest level and counted more than seven billion, it is go...
This paper visits the impact of economic misery on human capital outflow using time series data over the period of 1975-2012. We have applied the combined cointegration tests and innovative accounting approach to examine long run and causal relationship between the variables. Our results affirm the presence of cointegration between the variables. W...
This study attempted to investigate the impact of macroeconomic
instability on social progress of Pakistan over the period of 1980 to 2012.
A comprehensive macroeconomic instability index is constructed by
incorporating inflation rate, unemployment rate, trade deficit and budget
deficit. Human well-being, under-five survival rate and income inequal...
The study reconsiders the relationship between electricity consumption and economic growth by incorporating financial development, capital and labor as important factors of production using augmented production function in Turkey for the period of 1971-2009. In doing so, we applied the ARDL bounds testing approach and found long run relationship be...
This study tries to answer the question, “has macroeconomic
instability detrimental impact on gross domestic product of Pakistan over
the period of 1980 to 2012?” For reviewing macroeconomic instability a
comprehensive macroeconomic instability index is constructed by
incorporating inflation rate, unemp