Dr. Atif Ali Jaffri
Dr. Atif Ali Jaffri completed his PhD in Economics in 2007 from Pakistan Institute of Development Economics(PIDE), Islamabad. His research areas include macroeconomics and international finance. He is HEC approved PhD Supervisor and has supervised 04 PhD Economics and 18 MPhil Economics students. He is founding Head/Chairman of the Department of Economics at University of Gujrat and has 22 years teaching and research experience. He has also served as Director, Advanced Studies & Research Board(ASRB) and Treasurer at UOG. Before joining UOG in 2008, he has served as Economic Analyst in the State Bank of Pakistan for 05 years.
- PhD in Economics,Pakistan Institute of Development Economics, Islamabad
- M.A Economics,University of Punjab
- Bachelor of Science,University of Punjab
- Intermediate,Rawalpindi Board of Intermedia
- Secondary School Certificate,Federal Board of Intermediate And Secondary Education, Islamabad
- Patron University of Gujrat Economics Society
- Member Pakistan Society of Development Economists
| Student Name | Degree | Title | Status / Completed Year |
|---|---|---|---|
| Mishal Maryam | MS | Impact of Misery Index on Economic Growth of Pakistan This study empirically investigated the impact of Misery index (MI) on economic growth at aggregate level and for the services sector using time series data from 1982- 2022. Economic growth served as a dependent variable in the study whereas Misery Index, foreign direct investment, workers’ remittances inflows, trade openness, interest rate and labor force as explanatory variables. The study applied Autoregressive Distributive Lag (ARDL) Bounds test to determine presence of a long-term connection between variables. The negative and significant coefficient of lagged Error Correction Mechanism (ECM) in Vector Error Correction Model (VECM) confirmed convergence of the series towards equilibrium. The results indicated that at aggregate level there is negative impact of Misery index on economic growth of Pakistan. The effect of the misery index on growth is also found to be negative for the services sector. The study also found FDI has a positive and considerable effect on growth of economy at aggregate level and for services sector in Pakistan. The results were supported by standard diagnostic tests to confirm normality of residuals, no heteroscedasticity and no serial correlation. From policy perspective it is suggested that government should implement those polices which help to control unemployment as well as inflation for the improvement of economic growth in Pakistan. | 2023 |
| Salma Shaheen | Ph.D | Spillover of Global and Country Specific External Conditions on Economic Growth of Pakistan This study has investigated the spillover of global and country specific external conditions on the economic growth of Pakistan using annual data ranging from 1982 to 2018. The empirical analysis was based on three themes (i) the spillover of global and country specific external conditions of Pakistan’s major trading partners, remittance source countries and large neighbouring countries on Pakistan’s economic growth (ii) the spillover of global external conditions on Pakistan’s sectoral output growth, and (iii) the impact of country specific external conditions on output comovement between Pakistan and those countries which have strong economic ties with Pakistan. To study the theme-I, Johenson’sCointegration approach and Vector Error Correction Model (VECM) were applied for the annual time series data ranging from 1982-2018. The results of the study indicated that an increase in global and country specific external demand conditions magnify Pakistan’s aggregate output, whereas, external financial conditions and trade openness inversely affected it. On theme–II, the study applied the OLS technique to investigate the influence of global external conditions on Pakistan’s sectoral output growth. The estimated results showed that global external conditions have a positive influence on sectoral output growth of Pakistan in line with the existing literature on the subject. The empirical analysis revealed that industrial output is strongly affected due to changes in global external conditions while the agricultural output is negatively affected due to the change in global financial conditions. Finally, to investigate the effect of output co-movement between Pakistan and its partner economies, the study used the OLS technique and found that country specific external demand condition and external financial condition positively affect the output co-movement. Based on empirical findings, the study suggested that policy makers need to focus on diversification of exports & its destination and exploration of new potential sources of workers’ remittances inflows in Pakistan. | 2021 |
| Khurram Shazad | Ph.D | An Empirical Study on Disaggregated Exchange Rate Pass-through, Trade Disconnect and Second Round Effect of Imported Inflation in Pakistan This study has empirically investigated three interrelated issues in case of Pakistan, exchange rate pass-through (ERPT), second round effect (SRE) of food inflation on headline inflation and trade disconnect with exchange rate depreciation (TDER). The study has used consistent time series monthly data from 2007M7 to 2018M6 to estimate the ERPT at aggregate and disaggregate level, and SRE of food inflation on headline inflation. However, annual data set for the period 1982-2018 has been used to estimate the TDER. The study has applied Ordinary Least Square (OLS) method to estimate ERPT and SRE, whereas, Auto Regressive Distributed Lag (ARDL) approach of cointegration was applied to estimate TDER. Results indicated that due to 1 percentage points increase in depreciation of rupee against US dollar, monthly inflation increased by 0.42 percentage points, transport inflation increased by 0.90 percentage points, restaurant inflation increased by 0.78 percentage points, food inflation increased by 0.27 percentage point and housing inflation increased by 0.32 percentage points in the long run. Although ERPT in food inflation was low, evidence of SRE of food inflation was observed during the data period. ERPT increased the food inflation by 0.27 percentage points in the first round, but existence of SRE of food inflation increased its impact on headline inflation. The results also showed that appreciation of real exchange rate has negative impact on the exports of goods and services of the country and found no disconnect in exports and exchange rate appreciation. But by applying the rolling regression it was found that the relationship between exchange rate appreciation and exports was unstable over the data period. The study recommended that ERPT may be estimated for inflation in sub-indices of CPI as a regular practice by monetary authorities to rationalize asymmetric effects of depreciation on different sectors of the economy. In presence of the SRE, for effective control on inflation the monetary policy should be formulated on headline inflation instead of core inflation. Finally, the central bank should build foreign exchange buffers to stabilize exchange rate to control increase in inflation as a result of depreciation of rupee. | 2021 |
| Sardar Shakeel Ahmad | Ph.D | ESTIMATION OF CURRENT ACCOUNT GAP AND ITS IMPACT ON ECONOMIC GROWTH AND INFLATION IN SOUTH ASIAN COUNTRIES This study estimated current account gap (CAGAP) and its impact on economic growth and inflation for five selected South Asian countries namely Pakistan, Bangladesh, India, Nepal, and Sri Lanka by using panel data for the period of 1990 to 2018. CAGAP is the difference between current account balance (CAB) and current account norms (CAN) that prevails when countries are in steady state. CAN is determined through finding long run relationship between CAB and its determinants by following IMF’s Macroeconomic Balance (MB) approach. CAN is relatively more affected by structural determinants like demographic indicators, net foreign assets, fiscal balance, and foreign direct investment. The measurement of CAGAP shows that external sector in Pakistan and Nepal are substantially weak as compared to other selected countries in 2018. The Pooled Mean Group estimate of panel autoregressive distributive lag model of cointegration approach shows that CAGAP has positive impact on economic growth. The negative and significant coefficient of ECTt-1 shows that there is long run relationship between CAGAP and real GDP growth of the region. The coefficient of ECTt-1 in PMG model shows that the faster adjustments take place in Nepal, Sri Lanka and Pakistan. The findings of the macro dynamic model of inflation shows that CAGAP has negative impact on CPI inflation. The bias-corrected least square dummy variable model with three instruments such as Blundell and Bond, Arellano-Bond, Anderson, and Hsiao is used on different specifications to check the robustness of the model. The study found that demand channels dominates in the short run while supply channels dominates in the long run due to improvement in CAB with respect to CAN in the region. The policy interventions must focus on the structural factors to align CAB to CAN. The structural reforms are needed to boost productivity for the exports promotion and increase the skills and employment opportunities to take the advantage of demographic transition. Pakistan and Nepal are specifically needed to promote growth friendly fiscal consolidation to combat the large negative CAGAP. | 2021 |
| Saba Asif | MS | Impact of Gender Diversity on Economic Growth of Pakistan: A Sectoral Analysis The study has empirically investigated the impact of Gender Diversity (GD) on aggregate and sectoral economic growth of Pakistan using annual time series data for the period 1982-2018. GD indicators included relative gross school enrolment (RGSE), gender based wage gap (WG) and labor force participation rate gap (LFPRG). The study has applied Augmented Dickey Fuller (ADF) test to check stationarity of variables included in the model. In presence of mixed order of integration among variables, the study has applied ARDL approach of cointegration and error correction model (ECM). The results indicated that in the long run gender diversity through gross school enrolment has significant role in enhancing growth at aggregate level and in nonservices sectors in Pakistan during the period of the study. Gender diversity through reducing gender based wage gap affects real output in industry positively, whereas, labor force participation gap has insignificant effect on output in the long run. Population growth and gross capital formation have negative and positive effect on output, respectively. Trade openness significantly and positively affects agricultural output in Pakistan. The main policy implication of the study is that policy makers need to focus on enhancing gross school enrolment of females at primary level to increase economic growth in Pakistan. Further, gender based wage gaps can be closed through skill enhancement of females particularly working in industrial sector of Pakistan | 2021 |
| Farwa Munir | MS | Impact of Trade Liberalisation on Aggregate and Sectoral Growth in Pakistan This study has empirically investigated the impact of trade liberalization (TL) on aggregate and sectoral growth in Pakistan by using time series annual data from the period of 1982 to 2019. The study used the real annual GDP growth as a dependent variable while relative import prices, import penetration ratio and export intensity independent variables and capital intensity and capacity utilization as control variables. The has also incorporated two dummy variables i.e., DUM1993 and DUM911. The dependent variable i.e., real annual GDP growth includes the aggregate and sectoral growth (GY, GYA, GYI, GYS). The study applied the Ordinary Least square (OLS) technique to check significance of the variables after checking stationarity of variables. The results indicated that change in relative import prices affects the agricultural growth negatively and significantly. An important finding of the study is that export intensity does not significantly affect aggregate and sectoral growth in Pakistan. This finding is consistent with the fact that exports share in GDP has not grown visibly in last many years. It means that growth is not coming through exports instead imports are playing positive role in promotion of growth in Pakistan. The capital intensity also affects positively and significantly the aggregate and sectoral output growth in Pakistan. The results were supported by standard diagnostic tests to confirm normality of residuals, no heteroskedasticity, no serial correlation, and stability of the model. Overall conclusion of the study is that trade liberalization affects growth positively in Pakistan. TL affects non-agricultural sectors’ growth through imports penetration, whereas, growth in agriculture sector is positively affected by TL through reduction in relative imports prices. The most important implication of the study is that in order to increase impact of exports intensity on growth, government should provide tax advantage and tax holidays to exporter industries. And it must focus on Cost minimization plus Supportive fiscal and financial policies. | 2021 |
| Moniba Sana | Ph.D | A SECTORAL STUDY ON GLOBALIZATION, GENDER BASED GAPS AND EMPLOYMENT SHIFTS IN LABOR MARKET OF PAKISTAN This study has empirically investigated impact of globalization on aggregate and sectoral employment, gender based gaps and employment shifts in the labor market of Pakistan. The study is divided in three themes. In theme-I, the impact of globalization indicators on aggregate and sectoral employment has been investigated for the data period 1986-2017. In theme-II, effect of globalization on gender based gaps in labor market (GBGLM) has been tested using different indicators of GBGLM for the period 1982-2017. Finally, under theme-III the study investigated the impact of trade and technology on sectoral shifts in employment of Pakistan for the period 1991-2017.Results based on theme-I applying Johansen cointegration and VECM showed that trade openness affected aggregate and sectoral employment negatively during the data period in Pakistan. FDI affected aggregate and agricultural employment positively. Interestingly, rupee depreciation enhanced agricultural employment, whereas, it deteriorated aggregate, services and industrial employment during the data period of the study. Moreover, real GDP affected aggregate and agricultural employment negatively in Pakistan during the data period. This reflected non-inclusive nature of growth in Pakistan as for as agricultural employment is concerned.Under theme-II, applying autoregressive distributed lag (ARDL) model and Johansen cointegration technique the study has examined impact of globalization on labor force participation rate differential (LFPRD) and wage differential (WD) in the labor market of Pakistan. The study found that trade openness reduced LFPRD and WD, whereas, FDI augmented LFPRD. Exchange rate depreciation reduced LFPRD and augmented WD. Workers remittances inflows (WRI) also augmented LFPRD and WD. RGDP reduced LFPRD and WD during the data period. Theme-II concluded that trade openness and real GDP are prominent factors in reducing WD and LFPRD of Pakistan, whereas, FDI and WRI augmented LFPRD. Finally, under theme-III ARDL model and Johansen cointegration technique were applied to test the impact of trade and technology on sectoral shifts in employment and male to female employment ratio in Pakistan. The results of theme-III indicated that that sectoral shift is positively affected by trade openness, FDI, share of services in GDP and literacy, whereas, CPI and ICT affected sectoral shift negatively. The results based on theme-III (model 02) showed that exports, ICT and real per capita significantly reduced male to female employment ratio in Pakistan. FDI and WD positively affected male to female employment ratio during the data period.The overall conclusion of the study is that trade openness is helpful in reducing gender gaps in labor market but not augmenting employment in Pakistan. Similarly, GDP growth reduces gender based gaps in wages and LFPR but is not employment enhancing. Rising sectoral shift towards employment in services sector is triggered by trade openness and FDI in Pakistan. The financial inflows like FDI and WRI enhanced employment but also contributed in worsening GBGLM of Pakistan. The government needs to focus on commodity producing sectors for enhancing net exports and employment in Pakistan. The government may encourage financial inflows towards commodity producing sectors to create employment and reducing gender related gaps in the labor market of Pakistan. The government need to focus on financial inclusion, education and training, promotion of entrepreneurial skills of female workers along with their access to ICT for reducing GBGLM of Pakistan. | 2020 |
| Rida Iqbal | MS | An Empirical Investigation of U-Shaped Relationship Between Workers’ Remittances and Economic Growth in Pakistan This study empirically investigated existence of U-Shaped relationship between workers’ remittances inflows and economic growth in Pakistan using time series annual data from 1991-2017. The study used per capita income as dependent variable while workers’ remittances inflows, trade openness, broad money supply, government consumption expenditures and labor force participation were used as explanatory variables. The study applied Johansen’s cointegration method to find existence of long run relationship among variables. The negative and significant coefficient of lagged ECM in Vector Error Correction Model (VECM) confirmed convergence of the series towards equilibrium. To test the U-shaped relationship optimization technique was used. The results indicated that at first stage WRI affect per capita income negatively and later on positively thus confirming U-shaped relationship. The study found that after threshold level (WRI as percentage of GDP equal to 2.34) WRI affect PCI positively in Pakistan. The results were supported by standard diagnostic tests to confirm normality of residuals, no heteroskedasticity, no autocorrelation, and stability of model. The policy implication of the study is that optimal use of WRI is important for improvement in PCI in Pakistan. | 2019 |
| Sawbia Naseer Hashmi | MS | Impact of Financial Development on Labor Force Participation in Pakistan This study has empirically investigated the relationship between financial development (FD) and labor force participation rate (LFPR) in Pakistan. To estimate the effect of FD on LFPR, the study has applied Ordinary Least Square (OLS) method using time series data from 1984 to 2015 because in presence of stationary variables in the model and fulfilling assumptions of classical linear regression model OLS provides best, linear and unbiased estimators. To ensure validity of results, all relevant diagnostic tests were applied. The estimation results showed that FD and wage ratio positively and significantly affect LFPR in Pakistan during the data period, however, changes in price level and real effective exchange rate affect oppositely. Based on findings of the study, it is concluded that FD is an important determinant of LFPR in Pakistan and policy makers should enhance FD to promote LFPR in Pakistan. | 2017 |
| Rozina Sadiq | MS | Impact of Gender Imbalance on Current Account Balance in Pakistan: An Empirical Analysis Current Account Balance (CAB) is an important indicator of performance of external sector of an economy. Previous research on determinants of CAB largely focused on macroeconomic variables. However, recent empirical literature provided evidence that demographic factors also significantly affect CAB of countries like Pakistan. This paper has estimated the impact of gender imbalance on CAB of Pakistan using time series data from 1982-2015. The variables included in the model revealed different order of integration thus Autoregressive Distributed Lag (ARDL) approach to cointegration was applied to determine the long run and short run relationships. The long run results indicated that gender imbalance has negative and significant impact on CAB of Pakistan for the data period. Other explanatory variables, domestic and foreign GDP showed negative and positive signs of estimated coefficients, respectively. The coefficient of lagged ECM was found negative and significant and its value -0.64 showed 64 percent convergence of CAB towards equilibrium during a year. The paper concluded that demographic determinants are also important to consider by policy makers for designing effective policies to improve CAB of Pakistan. | 2017 |
| Haleema Amreen | MS | Impact of Real Exchange Rate on Unemployment in Pakistan: An Empirical Investigation This study estimated impact of real effective exchange rate(REER) on unemployment rate in Pakistan for the period 1991-2015. Based on results of stationarity tests, Autoregressive Distributive Lag(ARDL) Model technique was applied. Bounds test applied on ARDL model confirmed cointegration among variables. Long run results showed that the money supply, trade openness and REER appreciation reduced unemployment in the long run, whereas, GDP growth had insignificant impact on unemployment. In short run model, negative and significant coefficient of lagged ECM term reconfirmed existence of long run relationship and high convergence speed of 67% was estimated. The crucial finding of the study is that positive relation between REER appreciation and unemployment does not hold in Pakistan instead appreciation affects unemployment negatively and growth in Pakistan does not affect unemployment significantly during the data period of this study. Based on findings of the study, policy implication is that monetary and fiscal policies designed towards realignment of REER towards equilibrium are although necessary to achieve macroeconomic goals but REER depreciation does not reduce unemployment. | 2017 |
| Khurram Shazad | MS | An Empirical Investigation of Persistence of Food Inflation and Second Round Effect in Pakistan An Empirical Investigation of Persistence of Food Inflation and Second Round Effect in Pakistan | 2016 |
| Faisal Munir | MS | Impact of Demographic Changes on Inflation in Pakistan: An Empirical Analysis This study empirically investigates the impact of demographic changes on inflation in Pakistan for the period 1988-2014. The study has used population growth (PG) rate and proportion of middle age working population (MAWP) as indicators of demographic change, and estimated two separate models using these proxies. Based on unit root tests, the study has applied Autoregressive Distributive Lag (ARDL) model. The findings of the study show that PG and MAWP have positive and negative impact on inflation in Pakistan, respectively. The validity of results is supported by standard diagnostic tests and results are found consistent with recent empirical evidence for other countries. No previous empirical study for Pakistan on the subject exists; thus, highlighting the contribution of this study in the literature. The study suggests that demographic factors along with traditional macroeconomic determinants of inflation must be considered for designing effective policies to control inflation in Pakistan. | 2016 |
| Raja Yasar Javed | MS | Impact of Urbanization on Female Labor Force Participation in Pakistan: An Econometric Analysis This study has empirically investigated the impact of urbanization on Female Labor Force Participation (FLFP) in Pakistan for the period 1982-2012 using Autoregressive distributive lag (ARDL) model and Error Correction Model (ECM). Recent empirical literature provides evidence that urbanization can affect FLFP in both ways positive and negative depending on dominance of added worker effect or discouraged worker effect. This study has used Augmented Dickey Fuller (ADF) test to check stationarity of variables. On the basis of results of ADF test, ARDL approach of cointegration was applied. Cointegration results showed that urban growth and gendered wage ratio negatively affect FLFP whereas GDPPC has positive effect. Coefficient of lagged error correction term in ECM (-0.5927) was negative and highly significant reconfirming co-integration and showing 59.27% correction in deviation of actual series from long run equilibrium in one year. The policy implication on the basis of empirical findings of this study is that employment opportunities for females in urban areas need to be accompanied with growing urbanization in Pakistan. | 2015 |
| Farhana Tabbasum | MS | An Empirical Investigation of the Relationship between Trade Liberalization and Tax Revenue in Pakistan This study examines the empirical relationship between trade liberalization and tax revenue in Pakistan for the period 1982-2013. Estimation results based on ARDL model show that there exists positive relationship between trade liberalization and total tax revenue in Pakistan over the study period. The coefficient of lagged error term (ECMt–1) in short-run model is negative and significant suggesting speed of convergence to equilibrium. The coefficient (–0.3119) implies that deviation from the long-term equilibrium is corrected by 31.19% over one year. Sound and stable trade policy along with favourable environment are needed that promotes import of raw material, capital and intermediate goods which enhances trade in the country leading to enhancement of tax collection in Pakistan. | 2015 |
| Samra Bashir | MS | Passthrough of Global Food and Energy Inflation to Domestic Inflation: A Case Study of Pakistan This study has estimated passthrough of global food and energy inflation to CPI inflation in Pakistan for the period 1993M2 to 2012M2. The study has applied Augmented Dickey Fuller (ADF) test to check stationarity of data before applying Ordinary Least Square (OLS) technique. The estimation results showed that global inflation in food, industrial inputs and energy price indices positively and significantly affect inflation in Pakistan in the long run. The empirical estimates of long run passthrough of foreign food and energy inflation to domestic inflation are consistent with recent studies for developing countries. On the basis of estimation results, the study recommends prudent use of monetary policy in coordination with fiscal policy to control pss-through of foreign inflation to domestic inflation in Pakistan. | 2014 |
| Rooma Asjed | MS | An Empirical Investigation for Global Output Gap Hypothesis: A Case Study of Pakistan This study has empirically investigated Global Output Gap Hypothesis (GOGH) for Pakistan using annual time series data from 1982-2012. Milani (2010) has argued that increased integration of international goods and financial markets imply that inflation rate in each country is also determined by world conditions rather than solely by domestic factors. Therefore, the phenomenon of GOGH is being studied in recent literature. This study has followed Borio and Filardo (2007) to estimate GOGH for Pakistan. Before estimation, stationarity of dependent variable (inflation) and independent variables(domestic and foreign output gaps) were checked by applying Augmented Dickey Fuller(ADF) test and Phillips Perron(PP) test and it was found that inflation and foreign output gap have integration order one whereas domestic output gap was stationary. In this situation Ordinary Least Square (OLS) was inapplicable. Further, Engel Granger(EG) and Johansen’s Cointegration approaches were also inapplicable, however, Autoregressive Cointegration approach was applicable. The Bounds test showed existence of cointegration among variables which allowed estimating long run relationship. Error Correction Model (ECM) estimation results showed that coefficient of lagged error correction term in short run model was significant with negative sign thus reconfirming long run relationship. All relevant diagnostic tests were also performed to check the validity of results. The results indicated that global output gap significantly and positively affects inflation in the long run and short run whereas domestic output gap appeared with correct sign but insignificant coefficient thus confirming the existence of GOGH in Pakistan. Policy implication of the current study is that State Bank of Pakistan (SBP) needs to pursue economic activity target directly instead of believing that stable inflation represents actual output close to equilibrium. | 2014 |
| Sardar Shakeel Ahmad | MS | Impact of Demographic Transition on Trade Deficit of Pakistan Impact of Demographic Transition on Trade Deficit of Pakistan | 2014 |
| Faisal Javed | MS | Impact of Demographic Transition on Natural Rate of Unemployment: A Case Study of Pakistan This study has empirically investigated the impact of Demographic Transition (DT) on Non-accelerating Inflation Rate of Unemployment (NAIRU) in Pakistan using time series data from 1980-2012. The study estimated NAIRU following Ball and Mankiw (2002) and applied Auto regressive distributed Lag (ARDL) approach of cointegration to find long term and short term relationship between NAIRU and its determinants including DT. The study found positive impact of population growth on NAIRU. Due to 1 percentage point increase in population growth NAIRU increased by 0.18 percentage point. Based on empirical findings of the study, it is concluded that DT and structural factors are important sources of variation in NAIRU in case of Pakistan. | 2014 |
| Moniba Sana | MS | Impact of Globalization on Gender Inequality in Labour Market of Pakistan: An Econometric Analysis This study has investigated the impact of globalization on gender inequality in the labour market of Pakistan for the period 1982-2012. The purpose of the study was to contribute in the existing empirical literature on the subject for Pakistan by estimating the impact of FDI and trade openness on gendered based LFPRD and WR. OLS and ARDL approaches of cointegration were used on the basis of the results of stationarity tests in two separate models. Bounds test indicated existence of long term relationship of dependent variables (LFPRD and WR) and independent variables. In Model 1 value of the negative and significant coefficient of lagged error term reconfirmed this long run relationship. On the other hand, OLS estimators of Model 2 were found significant along with high adjusted R2and low probability of F-Statistics. Various diagnostic tests were also applied to check the validity of empirical results. Coefficient of FDI is found positively and significantly affecting LFPRD and WR. Openness (proxied as a ratio of exports and GDP) was found negatively and significantly affecting LFPRD thus confirming the H-O theory and Becker’s theory of discrimination in case of Pakistan. The major conclusion based on above findings of the study is that gendered LFPRD is significantly reduced by trade liberalization whereas FDI augments this gap in Pakistan. On the other hand, FDI significantly affects wage gap but openness doesn’t significantly affects LFPRD in Pakistan. Above results are justified on the basis of existing literature. The main policy implication based on the findings of the study is that trade openness should be enhanced to increase relative FLFP in Pakistan. Further, FDI in non-services sector should also be encouraged to enhance relative FLFP in Pakistan. | 2014 |
| Mahnaz Muhammad Ali | MS | Impact of Foreign Direct Investment Inflows on Current Account Balance: A Case Study of Pakistan This study empirically investigated the effects of Foreign Direct Investment (FDI) inflows on Current Account Balance Excluding Current Transfers (CABECT) and Income Outflows (IO) for the Pakistan economy over the period 1983-2011. The Autoregressive Distributed Lag (ARDL) approach to cointegration was utilized to determine the long -term and short-term relationships between study variables. The study results indicated that FDI inflows are cointegrated with IO and CABECT in case of Pakistan and thus exhibit a reliable long run relationship. Results also showed that there exists a short run positive and statistically significant relationship between FDI inflows and Income Outflows and FDI inflows has short run negative and statistically significant impact on CABECT. The negative and significant coefficient of error correction term confirms long run relationship and convergence of actual series towards equilibrium. Based on empirical findings of the study, it is concluded that FDI inflows in Pakistan have negative implication for current account balance along with well cited positive effects on growth and employment. Policy makers need to attract FDI in Pakistan with special focus on sectoral composition to avoid or minimize its negative implications. | 2013 |
- Head, Department of Economics, UOG (From 29-08-2008 to 01-05-2014)
- Chairman, Department of Economics, UOG (From 02-05-2014 to 15-05-2017)
- Chairman, Department of Economics, UOG (From 02-08-2022-continue)
- Director, Advanced Studies & Research Board, UOG(From 22-03-2019 to 08-04-2020)
- Treasurer, University of Gujrat (From 08-04-2020 to 07-07-2020
- Patron of University of Gujrat Economics Society(UOGES)
- Convener of Appellate Committee against Decisions of Unfair Means Committee(UMC) of Examination
- Performed as Member of Unfair Means Committee of Examination at UOG for 3 Years
- Performed as Member of UOG Affiliation Committee for 3 Years
- Performed as Associate Director Faculty of Social Sciences in 2009
- Performed as Vice President of UOG Proctorial Board of for 3 Years
- Performed as Elected Member of Academic Council for 3 Years (2018-2021)
- Convener of Departmental Review and Research (DRRC)
- Reviewer of HEC Recognized Research Journals(PESR, PJSS, PJSI, EER,)
- Performing as Graduate Thesis Evaluator in different Universities of Pakistan (PU, Lahore; BZU, Multan; GCU, Lahore, UOS, Sargodah; UMT Lahore)
- Performed as Subject Expert in Selection Boards of Various Universities
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1. Khurram Shahzad, Atif Ali Jaffri, Sahar Fatima “An Empirical Study on Asymmetric Exchange Rate Pass-Through to Sectorial Inflation of Pakistan” Annals of Social Sciences and Perspective, December 2023 DOI:
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2. Atif Ali Jaffri , Moniba Sana, Rida Iqbal “Workers’ Remittances Inflows And Per Capita Income: Does U-Shaped Relationship Exist In Case of Pakistan” Journal Of Positive Psychology, June 2023 DOI:
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3. Moniba Sana, Atif Ali Jaffri, and Asadullah Khan “Impact of Globalization on Aggregate and Agricultural Employment in Pakistan” sukkar IBA Journal of Management and Business(SIJMB), December 2021 DOI:
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4. Sardar Shakeel Ahmed, Atif Ali Jaffri “Impact of Current Account Gaps on Inflation in South Asian Countries” Humanities and Social Sciences Reviews, June 2021 DOI:
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5. Sardar Shakeel Ahmed, Atif Ali Jaffri, Asadullah Khan and Faisal Rana “Impact of Current Account Gap on Economic Growth in South Asian Countries” International Journal of Management(IJM), April 2021 DOI:
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6. Moniba Sana, Atif Ali Jaffri, Asadullah Khan and Faisal Rana “Impact of Globalization on Employment Shifts in Pakistan” International Journal of Management(IJM), March 2021 DOI:
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7. Moniba Sana, Atif Ali Jaffri “Gender-Based Labour Force Participation and Wage Gap in Pakistan: Does Globalization Matter? ” Journal of independent Studies and Research Management, Social Sciences and Economics (JISRMSSE), June 2020 DOI:
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8. Sardar Shakeel Ahmad, Atif Ali Jaffri, Faisal Rana “Demographic Determinants of Current Account Norms in South Asia” Pakistan Journal of Languages and Translation Studies, June 2020 DOI:
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9. Khurram Shazad, Atif Ali Jaffri “An Empirical Study On Exchange Rate Pass-Through In Pakistan: A New Evidence” Pakistan Journal of Social Issues, December 2019 DOI:
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10. Atif Ali Jaffri, Rozina Sadiq “Impact of Gender Imbalance on Current Account Balance of Pakistan: An Empirical Analysis” Pakistan Journal of Social Sciences, September 2019 DOI:
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11. Salma Shaheen, Atif Ali Jaffri “Spillover of Global and Country Specific External Conditions on Economic Growth Of Pakistan” Pakistan Journal of Languages and Translation Studies, June 2019 DOI:
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12. Atif Ali Jaffri, Moniba Sana, Rooma Asjed, and Khushboo Tariq “Impact of Global Output Gap on Workers’ Remittances Inflows in Pakistan” Pakistan Journal of Social Issues, June 2018 DOI:
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13. Muhammad Arshad Khan, Atif Ali Jaffri, Faisal Abbas and Azad Haider “Does Trade Liberalization Improve Trade Balance in Pakistan? ” South Asia Economic Journal, December 2017 DOI:
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14. Faisal Mehmood Mirza, Atif Ali Jaffri, and Muhammad Saim Hashmi “An Assessment of Industrial Employment Skill Gaps among University Graduates in the Gujrat-Sialkot-Gujranwala Industrial Cluster, Pakistan” Pakistan Journal of Social Issues, December 2017 DOI:
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15. Atif Ali Jaffri, Haleema Amreen, Rooma Asjed, and Moniba Sana “Impact of Real Effective Exchange Rate on Unemployment in Pakistan: An Empirical Investigation” Journal of Managerial Sciences, September 2017 DOI:
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16. Atif Ali Jaffri, Fatima Farooq and Faisal Munir “Impact of Demographic Changes on Inflation in Pakistan” Pakistan Economic and Social Review, June 2016 DOI:
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17. Atif Ali Jaffri, Farhana Tabbasum, Rooma Asjed “An Empirical Investigation of the Relationship between Trade Liberalization and Tax Revenue in Pakistan” Pakistan Economic and Social Review, December 2015 DOI:
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18. Atif Ali Jaffri, Yasar Javed and Rooma Asjed “Impact of Urbanization on Female Labour Force Participation in Pakistan: An Econometric Analysis” Pakistan Journal of Social Sciences, June 2015 DOI:
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19. Atif Ali Jaffri, Moniba Sana and Rooma Asjed “Impact of Globalization on Gender Inequality in Labour Market of Pakistan” Pakistan Economic and Social Review, June 2015 DOI:
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20. Rooma Asjed, Nabila Asghar and Atif Ali Jaffri “An Empirical Investigation of Global Output Gap Hypothesis in Pakistan” Pakistan Journal of Social Sciences, June 2014 DOI:
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21. Atif Ali Jaffri, Faisal Mehmood Mirza and Samra Bashir “Is Pass through of Global Food Inflation to Food Inflation in Pakistan Symmetric?” Pakistan Economic and Social Review, June 2014 DOI:
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22. Nabila Asghar, Atif Ali Jaffri and Rooma Asjed “An empirical investigation of domestic and external determinants of inflation in Pakistan” Pakistan Economic and Social Review, June 2013 DOI:
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23. Atif Ali Jaffri, Nabeela Asghar, Mehnaz M. Ali, , and Rooma Asjed “Foreign direct investment and current account balance of Pakistan” Pakistan Economic and Social Review, December 2012 DOI:
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24. Atif Ali Jaffri “Exchange rate pass-through to consumer prices in Pakistan: Does misalignment matter?” The Pakistan Development Review, December 2010 DOI:
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25. Hafeez ur Rehman, Atif Ali Jaffri, and Imtiaz Ahmed “Impact of foreign direct investment (FDI) inflows on equilibrium real exchange rate of Pakistan” South Asian Studies, June 2010 DOI:
| Date | Title | Agency/Organization | Amount | Status |
|---|---|---|---|---|
| 2012-05-25 | An assessment of skill gap among university graduates for employability and performance in industries situated in Gujrat- Sialkot - Gujranwala industrial cluster. | International Food Policy Research Institute (IFPRI)-Pakistan Strategy Support Program(PSSP) | $20000 | Completed |