Following are the list of articles published in the current issue of University of Swabi Journal (USJ).
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Volume :02 Issue 02, January 2017
Page No :01-07
Author : Arif Ullah, Naveed Anjum, Muhammad Asif Ali, Faisal Khan
Abstract : The current study investigates the relationship between the macroeconomic variables and the dividend payout ratio in Textile sector, Pakistan for the period from 2001 to 2015. The macroeconomics variables especially the inflation rate, the interest rate and the exchange rate are the most important factors in this context. The data for dividend payout ratio has used from the financial statements of the Textile Sector. The Textile Sector has 57% revenue in Pakistan of the Total export. The time series data on yearly basis on macroeconomic variables has taken from the State Bank of Pakistan. The stationarity of the data was checked through Augmented Dicky Fuller test and it was found the all the data was stationary at level. For analysis, OLS and Multiple regressions have used. Autocorrelation and Multicollinearity have not found. The finding of the study states that the macroeconomic variables have a significant impact on the dividend payout ratios. The coefficient of the inflation rate shows that the inflation rate has a negative relationship with dividend payout ratios. The coefficient of the interest rate show that the interest rate has insignificant impact on the dividend payout ratio and the coefficient of the exchange rate have a positive impact on the dividend payout ratios in the context of Pakistan.
Volume :02 Issue 02, January 2017
Page No :08-24
Author : Salma Zahir
Abstract : The current paper empirically scrutinize the effect and relationship between trade deficit, foreign direct investment, external debt and economic growth of Pakistan from the period of 1990-2017 with time series data. The Ordinary least squares (OLS), correlation and some other method are employed for the analysis of the produced data. The OLS estimation demonstrates the trade deficit and foreign direct investment has positive, but an insignificant relationship with economic growth, while external debt has also direct as well as a significant influence on gross domestic product of Pakistan. The correlation test shows that very low correlation exists between foreign direct investment, trade deficit, external debt and economic growth. Furthermore, the result displays that there is no problem of autocorrelation, hetroskedasticity and multicollinearity in the model.
Volume :02 Issue 02, January 2017
Challenges Faced to Ex-Prisoners in Social Reintegration (A Study of Union Council Kunda)
Page No :25-38
Author : Tauseef Ahmad, Hina Ashraf, Mushtaq Ahmad
Abstract : The study get access to the concept of “reintegration” which generally refers to the social integration procedures planned to help out the offenders who are being released from a freedom deprived institution, such as prison, a detention center or a reform school, and help them face the challenges associated with their return to the community. For this purpose, the data was collected from 50 ex-prisoners in which majority of the respondents indicated that low level of education young age and type of family were the major contributors to their criminal activities. The main focus of my study was to know how ex-prisoners reintegrate with their family, their society and how they after release living within the society. The study was conducted in union council Kunda, all the respondents were having a low level of education and mostly were jobless. The recommendation in my study includes educating the people up to high level of education and to make them aware of consequences of ex-prisoners’ failure in successful reintegration, and suggestion to the government includes installation of the system of probation and parole in prison system in Pakistan to treat the prisoners according to their behavior.
Volume :02 Issue 02, January 2017
Page No : 39-48
Author : Ghulam Nasir Ul Haq, Rehmat Ali Farooq, Rabia Tabassum
Abstract : The objective of the study was to determine whether the multi-grade teaching is effective or traditional method of teaching in the academic achievement of students at primary level in English subject. For experiment, thirty students from class IV and thirty students from class V of Army Public School, Nowshera (KPK, Pakistan) were selected and divided/equated into two groups (Experimental group that was taught by multi grade teaching strategy and Control group that was taught by traditional method of teaching ) on the basis of pre-test through pair random sampling method. After 6 weeks experiment post-test was taken. In the light of data analysis and findings the results showed that performance of traditional method of teaching was significantly better than that of multi grade teaching.
Volume :02 Issue 02, January 2017
Effectiveness of Foreign Aid and Rent Seeking: A Case Study of Asian Countries
Page No : 49-65
Author : Misbah Younas, Nadia Bukhari,Faisal Khan
Abstract : The present study tries to answer the widely debated issue in the literature that is effectiveness of foreign aid. What the researchers has intended to test that how foreign aid impacts economic growth alone and then in the presence of rent seeking and policy variable. Few studies concluded that foreign aid causes rent seeking and it is the primary reason of foreign aid being ineffective in the context of economic growth. This paper investigates the impact of foreign aid on economic growth for Asian countries over the period of 1980-2015.The empirical results suggest that foreign aid has a positive impact on growth but the rent seeking and policy variables have negative impact, however, the former impact is dominated by the later one.
