Muhammad Azmat Hayat

Muhammad Azmat Hayat
University of the Punjab | PU · Department of Economics

PhD

About

24
Publications
23,907
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251
Citations
Introduction

Publications

Publications (24)
Article
Full-text available
The COVID-19 pandemic has brought rampant changes in skill needed in the labor market. It has accentuated technological disruption leaving millions in dire need of reskilling and upskilling. In this paper, we empirically analyze the impact of the COVID-19 pandemic related lockdown on the thrust of skills upgradation among people. By analyzing the G...
Article
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If historical shocks influence educational outcomes, how long does the effect last, and does it differ among ethnic groups? This study answers these questions by exploiting the historical experiment of partition—that is the splitting of the British Raj into India and Pakistan—and by presenting a theoretical model that explains the trade-offs such a...
Article
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A correction to this paper has been published: https://doi.org/10.1007/s11698-021-00233-6
Article
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We analyze the persistence of the major determinants of distrust toward the European Union (EU) and pro-Brexit voting attitudes of citizens of the United Kingdom. Looking both backward and forward, our analysis confirms that Euroscepticism is deep-rooted, although the data reveal differences across different parts of the country. We observe no majo...
Article
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This research is the earliest attempt to understand the impact of inflation and the interest rate on output growth in the context of Pakistan using the wavelet transformation approach. For this study, we used monthly data on inflation, the interest rate, and industrial production from January 1991 to May 2020. The COVID-19 pandemic has affected eco...
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This paper investigates the determinants behind persistent and prolonged stays under the International Monetary Fund (IMF) program and its effectiveness, using panel data consisting of 70 countries that have requested IMF support multiple times, during the period 1980–2018. By employing panel survival analysis, we conclude that weak economic indica...
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This study has attempted to investigate the consequences of CO2 emissions on infants’ health in Pakistan over the period of 1975 to 2013. Several economic factors have been employed in our analysis and the estimates show insignificant impact of CO2 emissions in affecting children mortality. Increasing health facilities lowers children mortality ove...
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This study investigates linkages among institutions, education and economic growth empirically and theoretically and is based on panel data between 1996 and 2017. For the panel data, two-stage least squares (2SLS) regression analysis was used to estimate the results in developing countries. Rule of law, control of corruption, absence of violence an...
Article
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COVID-19 pandemic has disrupted the economies around the world and the economic fallout from preventive measures such as lockdown is enormous. It has massive repercussions for the sharing economy as well. This research paper empirically analyses the impact of lockdown restrictions on five major sectors of the sharing economy such as ride-hailing, a...
Article
This study examines the impact of banks’ lending on performance of small enterprises. Financial data of forty business entities of district Hafizabad has been collected from commercial banks, for the period of 2005 to 2013. “Net profit” in first model and “sales” in second model, are used as dependent variables. Working capital, accumulated profit,...
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This paper studies the impact of foreign remittances on income distribution for Pakistan by collecting time series data from 1980 to 2010. The dependent variable is income inequality and the independent variables are foreign remittances, trade openness, economic growth and the inflation rate. The data on worker remittances was taken in different fo...
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Due to recent global financial and economic crisis a key issue in current research and for policy makers is the size of fiscal multipliers. Proper knowledge of fiscal multipliers is essential for the designing and implementation of fiscal policies. This research work intends to contribute in the literature on the size of fiscal multipliers for sele...
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Over the course of human history, people all over the world have developed progressively closer contacts. However, in the past few decades, some remarkable developments in the fields of information technology, transportation and communication have provided the process of globalization a new impetus. As a result of this increased global integration,...
Chapter
Inflation and its dynamics have been always capturing the attention of economic scholars and policymakers worldwide. Numerous theories in economic literature tried to define the concept of inflation by suggesting different sides of the phenomenon—by evoking the cost-push inflation side, the demand-pull, or both sides. Potential determinants of infl...
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During the last few decades, the conflict and instability in Afghanistan had extremely deleterious repercussions in Pakistan. Pakistan has experienced not only huge arrival of Afghan refugees into Pakistan, but also witnessed a huge increase in the criminal activities in the country, particularly in consequence of 9/11 incident. This study explores...
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Globalization has always remained a fiery issue among academia and researchers due to lack of consensus on this subject. A potential unresolved issue about globalization is its impact on governance and quality of domestic institutions. The present study is an attempt to explore the relationship between globalization and governance in a panel of 91...
Article
This study examines public opinion in 15 European countries, on the proposal to establish an independent European Central Bank (ECB). Using data from Eurobarometer surveys for 1998 to 2000, which included a specific question on this issue, we show that inflation performance is not sufficient to explain people's preference for an independent central...
Article
This paper addresses empirically the still debated issue of the legitimacy of the European Central Bank (ECB) with regard to European polities, presenting evidence on public opinion support for the ECB as elicited from responses in the recent waves of the Eurobarometer survey. We employ a rich set of potential determinants, combining macroeconomic...
Article
This study examines public opinion in 15 European countries, on the proposal to establish an independent European Central Bank (ECB). Using data from Eurobarometer surveys for 1998 to 2000, which included a specific question on this, we show that inflation performance is not sufficient to explain people's preference for an independent central bank:...
Article
This paper shows that the probability of replacing a central bank governor is positively related to the time already spent in office, to banking and currency crises, the occurrence of elections, central bank independence reforms, and inflation. Moreover, results are shown to depend on the change being a regular or irregular one, and whether it occu...

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