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Item Dynamics of Solow Residual Technology – A Case of Pakistan(UMT, Lahore, 2017) Fatima JamilTechnology is usually considered as a determinant of productivity, manufacturing industries are more commonly observed to use technology in order to enhance their level of productivity. This study has tried to capture the impact of technology on its contribution in industrial value addition, environment quality and capacity to create jobs. For this three models are constituted for the case of Pakistan. This study has used Vector Error Correction Model, utilized to estimate long run pattern of changes in technology. The results showed that technology has a positive impact on industrial value addition, it improves the environmental quality by reducing the carbon emissions and it has the potential to create jobs and reduce unemployment in long run.Item Determinants of Business Cycle Synchronization of Pakistan(UMT, Lahore, 2017) Umair IjazThe aim of this research is to investigate the determinants that have higher influence on business cycle synchronization and we found out that trade, exchange rate, gross domestic product of other countries that are taken under research and gross domestic product of Pakistan has higher effect on business cycle synchronization. In order to determine the effect of determinants, data of 13 countries have been taken from 2015-2015 and panel data estimation is being used. Further two types of models are being used in panel data, one is fixed effect and other is random effect and Housman test is used to check the best one. It was concluded that GDP of foreign country is directly proportional to business cycle synchronization or we can say that increase in GDP of foreign country will increase BCS. It is also found that GDP of Pakistan is directly proportional to BCS and its effect is higher that GDP of foreign country. Results indicate that trade is also directly proportional to BCS. For exchange rate it has opposite effect and if exchange rate is increased by 1% BCS is decreased by 1.80%. After the results interpretation fixed least square is better than random least square.Item Role of Governance and External Debt on the Growth(UMT, Lahore, 2017) Hafiz Muhammad Arslan Ul HaqThe purpose of this study to evaluate the role of the governance in the growth of the economy in the case of the SAARC countries. This study has taken the WDI data from the 1996 to 2016 shows the positive relationship and analysis with GDP. This study also shows, that there is a negative relationship between the GDP and external debt in the research. Which indicates that if external debt is increasing then the GDP will decrease. And a positive relationship of GDP with the foreign direct investments, remittance and the exports. Which means if FDI, REM and exports are increasing then the GDP will increase. In the case of Pakistan, the country is in the phase of dependent growth with external debt to some extentItem Determinants of Poverty in Pakistan(UMT, Lahore, 2017) Hamza Waqar GillThe aim of this study is to access and understand the impact of different variables on poverty in Pakistan. The data used for this purpose is from 1982 to 2015 which shows both positive and negative relationships of all independent variables with poverty in Pakistan. The application of ARDL approach shows that political stability has a negative relationship with poverty whereas education expenditure, investment or FDI and foreign remittances have a positive relationship with poverty. This study also shows that the level of poverty in rural areas is very high as compared to the urban areas because of numerous reasons. The results of this study can be helpful to understand the different dynamics of poverty in the country and for the formation of a policy which can reduce the state of poverty in Pakistan.Item Defense expenditure and its impact on Inflation(UMT, Lahore, 2017) Syed Sanwal KaleemThis paper focuses on the impact of defense expenditure on inflation in case of the three neighboring countries namely Pakistan, India and Bangladesh. Although defense expenditure is a variable strongly associated with all the three countries, not much studies have been carried out regarding its impact on inflation. The purpose of this study is to find out whether defense expenditure has more impact on inflation with a focus on comparison between the three countries, or does other social economic variables like growth and exchange rate have more impact on inflation. This is found through empirical estimations using ARDL approach as well as Granger Causality Tests. The results show that only in case of Bangladesh, defense expenditure does cause inflation while in case of Pakistan and India, more focus should be done on the social economic variables.