https://ojs.umt.edu.pk/index.php/eer <p style="text-align: justify;">Empirical Economic Review (EER) is a multidisciplinary journal published by the Department of Economics and Statistics, Dr Hasan Murad School of Management (HSM), University of Management and Technology (UMT) Press, Lahore, Pakistan. EER brings forward the prevailing topics in the fields of economics, finance and public policy simulating a thought-provoking debate leading to an insight of theoretical and empirical research. Within this orientation, the journal provides a focus for theoretical, applied, interdisciplinary, history of thought, and methodological work with a strong emphasis on realistic analysis, the development of critical perspectives, the provision, and use of empirical evidence and construction of policy.</p> en-US <p style="text-align: justify;">EER follow an open-access publishing policy and the full text of all the articles is available free, immediately upon acceptance. Articles are published and distributed under the terms of the <a href="http://creativecommons.org/licenses/by/4.0">Creative Commons Attribution 4.0 International License</a>. Thus, work submitted to EER implies that it is original, unpublished work of the authors; neither published previously nor accepted/under consideration for publication elsewhere.&nbsp;On acceptance of a manuscript for publication, the corresponding author on the behalf of all co-authors of the manuscript will to sign and submit a completed Copyright and Author Consent Form.</p> <p style="text-align: justify;">The authors will be responsible for any information written/informed/reported in the submitted manuscript. Although we do not require authors to submit the data collection documents and coded sheets used to do quantitative or qualitative analysis, we may request it at any time during the publication process, including after the article has been published. It is the author's responsibility to obtain signed permission from the copyright holder to use and reproduce text, illustrations, tables, etc., published previously in other journals, electronic or print media.</p> <p style="text-align: justify;">Conflict of interest statements will be published at the end of the article. If no conflict of interest exists, the following sentence will be used: "The authors declare no conflict of interest." Authors are required to disclose any sponsorship or funding received from any institution relating to their research. The editor(s) will determine what disclosures, if any, should be available to the readers.</p> <p style="text-align: justify;">Authors are not permitted to post the work on any website/blog/forum/board or at any other place, by any means, from the time such work is submitted to UMT journals until the final decision on the paper has been given to them. In case a paper is accepted for publication, the authors may not post the work in its entirety on any website/blog/forum/board or at any other place, by any means, till the paper is published in UMT Journals.</p> <p style="text-align: justify;">The authors may, however, post the title, author’s names and their affiliations and abstract, with the following statement on the first page of the paper - "The manuscript has been accepted for publication in UMT Journals". After the publication of the article, it may be posted anywhere with full journal citation included and it is encouraged by EER to do relevant efforts for dissemination of research.</p> <p style="text-align: justify;">All articles published in UMT journals are open-access articles, published and distributed under the terms of the Creative Commons Attribution 4.0 International License, which permits reproduction, distribution, derives and commercial use, provided the original work is properly cited and authors and the publisher is properly identified.</p> <p style="text-align: justify;">All authors who send their manuscripts to UMT Journals and whose articles are published will retain full copyright of their articles. Notwithstanding this, the author(s) grant UMT Journal(s), its editors, publishers, owners and other persons associated and other users/readers, a license to use the article as described in the License Agreement section below. In the future, UMT may reproduce printed copies of articles in any form. Without prejudice to the terms of the license given below, we reserve the right to reproduce the author's articles in this way.</p> <p style="text-align: justify;"><strong>Licencing Agreement</strong></p> <p style="text-align: justify;">The EER follows the licensing agreements by Creative Common Attribution 4.0, which indicates that:</p> <p style="text-align: justify;"><strong>Share -</strong>copy and redistribute the material in any medium or format</p> <p style="text-align: justify;"><strong>Adapt- </strong>remix, transform, and build upon the material for any purpose, even commercially.</p> <p style="text-align: justify;"><strong>Author E-prints</strong></p> <p style="text-align: justify;">UMT supports a range of author benefit policies with respect to providing authors with an e-print and the opportunity to purchase offprints. E-prints are sent out automatically to the corresponding authors of articles published ahead of print and in print issues. A link is provided allowing the author to download the article directly from the UMT journals website and forward the link onto their co-authors. Please refer to the manuscript submission guidelines for the policy of the journal in which you are interested in submitting or publishing your article.&nbsp;</p> [email protected] (Dr Hafeez-ur-Rehman) [email protected] (Miral Maryam) Tue, 12 Nov 2024 11:35:19 +0000 OJS 3.1.1.4 http://blogs.law.harvard.edu/tech/rss 60 https://ojs.umt.edu.pk/index.php/eer/article/view/1952 <p>Due to the widespread adoption of digital technology, the labor market is undergoing a paradigm shift, resulting in its reorganization in terms of employment opportunities. On the other hand, financial development is also affecting the livelihood of individuals. This shift towards a tech-based economy and financial access is also affecting the opportunities available to females. For gender-based inequalities to be fully addressed, it is crucial to comprehend how the digital divide and financial access affect and shape the lives of women. The current study used panel data for 22 developing countries in Asia spanning the time period 2010-2022. Panel ARDL was used and the Hausman test showed that Pooled Mean Group (PMG) is appropriate. The findings showed that female access to credit significantly affects gender inequality in both the short-and long-run. While, women's participation in tech-related jobs affects gender inequality in the long-run only. The current study also suggested policies to reduce gender inequality in the developing economies.</p> Zakia Batool, Nasir Munir, Qurat ul ain ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 https://ojs.umt.edu.pk/index.php/eer/article/view/1952 Sun, 10 Nov 2024 00:00:00 +0000 https://ojs.umt.edu.pk/index.php/eer/article/view/1966 <p>When the International Monetary Fund (IMF) announces loans to different economies, stock markets often respond differently. These loans are usually drawn with strict terms that may conflict with the political and economic goals of the country borrowing the money. It leads stock market participants to frequently view IMF announcements unfavorably. &nbsp;The current study aimed to investigate how the stock market in Pakistan's heavily indebted economy has performed in relation to the IMF's announcements about funding the country. To conduct this research, a quantitative approach was utilized to collect the data and determine the results. Secondary data was acquired from several websites dealing with IMF loaning as well as its effects on the performance of Pakistani stock market. The researcher subsequently employed descriptive statistics and regression analysis for data analysis. Additionally, secondary information regarding the impact of IMF lending announcement on Pakistan’s share market positions was obtained from the IMF platform and other relevant sources. IMF has been one of the main lenders to Pakistan since the late eighties. Therefore, this research sought to help understand the dynamics of how IMF loan announcements have affected Pakistan's stock prices from the time period (2015-2022). The results were established through acquired time series quantitative data. Findings indicate a strong positive correlation between IMF loan announcements and equity security performance indicators in Pakistan. Generally, when the IMF announces loans for Pakistan, the stock market tends to rise, suggesting that investors have confidence in the country's economy. &nbsp;Nevertheless, it must be noted that this relationship is not always consistent; there are instances where stock prices may decline following an IMF announcement. Hence, one may realize that IMF alone cannot account for variations in equity prices. Many other factors, such as political stability and global economic situation also play significant roles in stock market performance.</p> Rahim Bux, Muhammad Muzammil ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 https://ojs.umt.edu.pk/index.php/eer/article/view/1966 Sun, 10 Nov 2024 00:00:00 +0000 https://ojs.umt.edu.pk/index.php/eer/article/view/2032 <p>The current study aimed to assess and compare the impacts of energy infrastructure investment on renewable electricity production in Asia’s growing nations (China, India, Indonesia, Malaysia, Pakistan, the Philippines, and Thailand) using Public Private Partnership (PPP). The study used annual data from 1993 through 2017. To do this, specific panel econometric methods were employed: Augmented Mean Group (AMG) and Grouped-Mean Group Estimators (GMGE). The findings in H1 suggest that the impacts of improved energy infrastructure are greater in increasing the production of renewable electricity in developing Asian nations. Additionally, it was also determined that Financial Development (FD), economic expansion, and openness increase the volume of renewable electricity production. Furthermore, the authors suggested new ways in which the investment of energy infrastructure might be encouraged by development agencies and present models for sustainable development in developing Asian nations. For instance, the governmental and private sectors’ collaboration towards the construction of cost-effective green energy and renewable energy sources, that are not renewable, would provide tangible steps towards renewable energy.</p> Jameel Ahmed Khan, Imam Uddin, Nayeem Ul Hassan Ansari ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 https://ojs.umt.edu.pk/index.php/eer/article/view/2032 Tue, 10 Dec 2024 00:00:00 +0000 https://ojs.umt.edu.pk/index.php/eer/article/view/1980 <p>The current study aimed to explore the intricate relationship between personality traits and financial satisfaction among young adults in Pakistan, emphasizing the mediating role of financial behaviour. Analyzing the data collected from 470 respondents through Partial Least Squares Structural Equation Modelling (PLS-SEM), the study investigated the associations between personality traits (neuroticism, openness to experience, conscientiousness, agreeableness, and extraversion), financial behaviour, and financial satisfaction. The findings revealed significant relationships: openness, extraversion, and conscientiousness positively impact the financial satisfaction, while neuroticism and agreeableness negatively influence it. Moreover, the study also highlighted that financial behaviour mediates the connection between personality traits and financial satisfaction. Additionally, this study elucidated how personality traits affect financial contentment through financial behaviour mediation. The focus on Pakistani young adults added originality and relevance to the study, since their financial behaviours impact education, policy-making, and government efforts to enhance the financial skills. Practical implications extend to educators, policymakers, and government bodies, enabling tailored interventions to improve financial literacy and well-being. Acknowledging the influence of personality traits on financial behaviours and satisfaction may enhance financial education programs and strategies, ultimately promoting better financial decision-making among young adults in Pakistan and beyond.</p> Hira Aftab, Muhammad Ussama Majeed, Ali Arslan, Wardah Javeed ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 https://ojs.umt.edu.pk/index.php/eer/article/view/1980 Tue, 10 Dec 2024 00:00:00 +0000