Inaugural Session :30. Dr. Mahboob ul Haq Memorial Lecture :30

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1 34 th Annual Conference of the Pakistan Society of Development Economists (PSDE) December 12-14, 2018, Marriott Hotel, Day-I: December 12, 2018 (Wednesday) Inaugural Session :30 Chief Guest: Presidential Address: PSDE Secretary Report: Makhdum Khusro Bakhtyar Deputy Chairman, Planning Commission / Chancellor PIDE / Patron PSDE Dr. Asad Zaman, Vice Chancellor PIDE / President, PSDE, / Member Economic Advisory Council Dr. Fazal Husain Joint Director, PIDE / Dean Social Sciences / Secretary, PSDE TEA BREAK 11: Dr. Mahboob ul Haq Memorial Lecture :30 Guest of Honor: Speaker: Bringing Human Development Back to Pakistan Dr Nadeem ul Haque Former Deputy Chairman Planning Commission Mr Haleem Adil Sheikh Leader of Opposition Sindh Assembly Karachi Dr Adil Najam Dean, Frederick S. Pardee School of Global Studies Boston University Boston USA

2 Discussants: Professor Mehtab Karim Vice Chancellor, Malir University of Science and Technology, Karachi Dr. G. M. Arif Former Joint Director, PIDE, LUNCH BREAK 01:30-02:30 1st Panel Session 2: Guest of Honor: Panelists: The Management of the Economy Professor Asad Zaman Vice Chancellor, PIDE Mr Rolph Paasch Country Director Friedrich-Ebert-Stiftung (FES) Dr. Eatzaz Ahmed SBP Chair in Economics Quaid-i-Azam University Mr. Shahid Hussain Asad Former Federal Secretary, Mr. Riaz Riazuddin Former Deputy Governor, State Bank of Pakistan Karachi Dr. Ashfaque Hasan Khan Principal and Dean, School of Social Sciences & Humanities, NUST Member, Economic Advisory Council,

3 2nd Panel Session :30 Guest of Honor: Panelists: Governance, Housing, Poverty & Employment Dr. Rashid Amjad Former VC PIDE Director GIDS Lahore School of Economics Lahore Mr Muzzafar ud Din Chief Executive Officer Agha Khan Rural Support Programme Dr. Muhammad Ahmad Zubair Principal Economists, Islamic Development Bank, Jeddah, Saudi Arabia Dr. Talat Anwar Professor of Public Policy, PIDE Dr Nuzhat Ahmad Former Director Applied Economics Research Centre Karachi Mr Abdul Wajid Rana Program Leader, IFPRI Pakistan TEA BREAK 05: Special Invited Lecture Regional Connectivity: Prospects and Challenges for Pakistan Dr. Guntur Sugiyarto Principal Economist, Pakistan Resident Mission, Asian Development Bank,

4 Guest of Honor: Speaker: Discussants: Mr. Sherali S. Jononov Ambassador Embassy of the Republic of Tajikistan, Dr. David D. Arnold President The Asia Foundation (TAF) Dr. I.U. Mangla, Professor of Finance Lahore School of Economics Lahore Dr Ejaz Ghani Professor of Economics, Pakistan Institute of Development Economics, Book Launch Ceremony Book: Author: Professor Asad Zaman University Research System in Pakistan Dr. Nadeem ul Haque, Former Deputy Chairman Planning Commission, DINNER

5 DAY-II DECEMBER 13, 2018 FIRST PARALLEL TECHNICAL SESSION 1. Agriculture and Climate Change, Crystal Ball Room I, ( ) CHAIRPERSON: Dr. Munir Ahmed Former Joint Director, PIDE 1 Physical Targets and Financial Allocation Under Billion Trees Afforestation Project, Khyber Pakhtunkhwa: A Systems Analysis of Project Allocation for Forest Area Growth (69) Naila Nazir, Waseem Ahmad, Muhammad Qasim 2 Drought Monitoring across Agro-Climatic Zones: Empirical Reflections of Trends and Tendencies from Pakistan (82) Shumaila Sadiq, Abdul Saboor 3 Do democracy foster Agricultural Efficiency in Pakistan: A Historical Perspective (83) Qaiser Munir, Muhammad Afzal, Kanza Sohail, Hania Afzal 4 Environmental Degradation in Developed and Developing Countries from the Stand Point of Financial Development and Institutional Quality (149) Muzian Batool, Muhammad Jamil 5 Bt Cotton, Formers Beliefs and Health Impacts: Evidence from Pakistan (198) Shahzad Kouser, David J. Spielman 6 Can a Rule-of-Thumb Tool Improve Fertilizer Management? Experimental Evidence from Bangladesh (279) Mahnaz Isla, Sabrin Beg DISCUSSANTS: 1. Dr. Omer Farooq, Member (Social Sciences) Pakistan Agricultural Research Council 2. Dr. Abedullah Anjum Chief of Research Pakistan Institute of Development Economics, SECOND PARALLEL TECHNICAL SESSION 2. Export, Trade and Industry, Crystal Ball Room II ( ) CHAIRPERSON: Dr. Zafar Mahmood Professor National University of Sciences and Technology, NUST 1 Impact of South-South Trade Agreement on Exports of Pakistan (33) Adeel Ahmad Dar, Mr. Taj Muhammad & Muhammad Wasif Siddiqi 2 Pakistan s Export Potential with ACU Countries: An Application of Augmented Gravity Model (61) Saddam Ilyas, Junaid Kamal, Manzoor Hussain Malik

6 3 Environmental Kuznets Curve: An Application of Heterogeneous Panel Methods Robust to Cross Sectional Dependence and Structural Breaks (130) Iqra Mazhar, 4 Priority Industries for Relocation under CPEC - Integrating Pakistan in the Chinese Value Chains (258) Fahd Amjad, Khurrum S Mughal, Yasir Arrfat 5 Social Bouquet of China Pakistan Economic Corridor: Boosting Marble Industry and Socioeconomic Prosperity of Households by Development of Mohmand Marble City (274) Ejaz Gul 6 Price Inefficiency and Hegemony in Textile Manufacturing Industry of Punjab: A Data Envelopment Analysis (275) Muhammad Nadeem, Majid Ali Rana, Mumtaz Anwar DISCUSSANTS: 1. Dr. Ejaz Ghani, Professor of Economics, PIDE 2. Dr. Yasmeen Abdul Wahab Consultant Ministry of Commerce, Government of Pakistan THIRD PARALLEL TECHNICAL SESSION 3. Labor market Dynamics, Noor Mahal Room, ( ) CHAIRPERSON: Dr. Durr-e-Nayab Joint Director, PIDE Assessment of Labor Market Dynamics in The Cities of Punjab: Implications for CPEC 1 (15) Naila Tasneem 2 Job Finding Rate and Female Labor Supply- A Heterogeneity Perspective: Evidence from Pakistan (89) Nargis, Nooreen Mujahid 3 The effect of exposure to violence on household savings: evidence from drug war on Mexico (223) Zahra Albohmood 4 Credit Risk Assessment of Banking Sector of Pakistan a Macro Linked-Micro Crisis Exploration Approach (259) Fareeha Adil, Shahid Mansoor Hashmi 5 Can Women Empowerment Explain Cross-Country Differences in Inequality? A Global Perspective (266) Amjad Naveed, Cong Wang 6 Impact of Social, Physical, and Financial Infrastructure on Economic Growth: A Panel Data Analysis of Developed and Developing Countries (281) Muhammad Jamil, Sundas Abbasi, Mishal-e-Noor

7 DISCUSSANTS: 1. Dr. Muhammad Azmat Hayat, Assistant Professor, University of Punjab, 2. Dr. Iftikhar Ahmed Assistant Professor, Pakistan Institute of Development Economics, FOURTH PARALLEL TECHNICAL SESSION 4. Fiscal, Monetary policy and Debt Management, Margalla Room, ( ) CHAIRPERSON: Dr. Ather Maqsood Ahmed Professor of Economics, NUST 1 External debt and capital accumulation nexus: Evidence from Pakistan (108) Tahir Mukhtar, Abida Yousaf 2 Interest Rate and Economic Growth Nexus in Pakistan: An Investigation using Maximum Entropy Bootstrap Approach (192) Uzma Bashir, Mumtaz Ahmed, Muhammad Arshad Khan 3 Impact of Government s Spending on the Welfare in Pakistan Economy (216) Safia Minhaj, Muhammed Nishat 4 Market Based Assessment of External Debt Sustainability Evidence from Pakistan (231) Jamshed Y. Uppal, Inayat Ullah Mangla 5 Impact of Monetary Policy on Socio Economic Indicators: A Case Study of developing Asian Economies (273) Tahir Yousaf, Ghulam Ghouse, Atiq-Ur-Rehman 6 Flexible Inflation Targeting and Relevance of Monetary Aggregates for Inflation in Pakistan (278) Fayyaz Hussain DISCUSSANTS: 1. Dr. Mahmood Khalid, Senior Research Economist, Pakistan Institute of Development Economics, 2. Dr. Wasim Shahid Malik, SBP Chair in Economics University of Peshawar Peshawar TEA BREAK

8 3rd Panel Session 11:30-1:00 Guest of Honor: Panelists: Revitalizing Agriculture Sector Mr. Zafar Hasan Secretary Planning, Development & Reform, Government of Pakistan Dr Sohail J Malik Chairman Innovative Development Strategy Dr. Abdus Salam SBP Chair in Economics University of the Punjab Lahore. Dr. Mubarik Ali Former Member, Planning Commission, Dr Muhammad Azeem Member (Food Security) Planning Commission Dr. Stephen Davies Senior Fellow IFPRI Washington DC USA LUNCH BREAK 01:00-02:00 Allama Iqbal Lecture 02:00-3:30 Defining Ideas and Movements in Economics Professor S M Naseem Former Professor of Economics Quaid-i-Azam University

9 Speaker: Discussants: Professor Syed Nawab Haider Naqvi Former Director PIDE / Founding President PSDE/ HEC Distinguished National Professor Associate Faculty of Global Issues Initiative, Virginia Tech University, USA Professor Asad Zaman Vice Chancellor, PIDE Dr. Pervaiz Tahir Bank of the Punjab Lahore 4th Panel Session 3:30-5:00 Guest of Honor: Panelists: Realizing Exports Potential Ms. Shandana Gulzar Khan Parliamentary Secretary, Ministry of Commerce, Government of Pakistan Mr. Jean-François Cautain Ambassador The European Union Delegation to Pakistan, Dr. Rashid Aftab Director, Riphah Institute of public Policy, Riphah International University, Dr Fayyaz Hussain Economist State Bank of Pakistan Karachi Ms. Anjum Assad Amin Former Additional Secretary Ministry of Commerce,

10 Professor Ather Akbari Saint Mary s University Halifax, Canada TEA BREAK 05:00-05:30 Special Invited Lecture 5:30-7:00 Speaker: Discussants: Economics of Addiction Major General Azhar Mahmood Kiani Executive Director Rawalpindi Institute of Cardiology Rawalpindi Professor Frank Chaloupka University of Illinois Chicago, USA Dr. Roberto Lglesias Technical Officer Prevention of Non-communicable Diseases, World Health Organization Geneva, Switzerland Dr Muhammad Idrees Director School of Economics Quaid-i-Azam University Book Launch Ceremony Book: Author: Mr Shehryar Afridi Managers of Little Prince: A Journey of Ego, Justice, and Meaning Mr Khurram Ellahi Lecturer Department of Business Studies, PIDE DINNER

11 DAY-III: DECEMBER 14, 2018 SPECIAL PANEL DISCUSSION Crystal Ball Room I ( ) Moderator: Panelists: Tobacco Taxation Dr Asma Hyder Baloch Member Social Sector & Devolution Ministry of Planning Development & Reforms Professor Frank Chaloupka University of Illinois Chicago, USA Dr Mahmood Khalid Senior Research Economist, PIDE Mr Muhammad Sabir Principal Economist Social Policy & Development Centre Karachi Mr Zaheer Qureshi Secretary, Sales Tax & Federal Excise Budget Federal Board of Revenue Dr Roberto Lglesias Technical Officer World Health Organization Geneva, Switzerland Dr Ziauddin Islam Director Tobacco Control Cell Ministry of National Health Services, Regulations & Coordination Government of Pakistan

12 SECOND PARALLEL TECHNICAL SESSION 2. Infrastructure, Social Capital and Growth, Crystal Ball Room II, ( ) CHAIRPERSON: Dr. Shabib Haider Syed Head, Department of Economics Forman Christian College University Lahore 1 The Economic Geography of Infrastructure in Asia: The Role of Institutions and Regional Integration (29) Saima Nawaz, Inayat U. Mangla 2 Understanding the Contribution of Social Capital to Human Development: Evidence from Panel Data (77) Moina Rauf, A.R. Chaudhary 3 Anna Karenina Principle and Life in a Developing Country (86) Hamid Hussain, Asma Hyder 4 Structural Impediments to Livelihood Diversification in Rural Areas: Evidence from Disaster Prone District in Rural Sindh, Pakistan (88) Manzoor Hussain Memon, Muhammad Ali, Samina Khalil 5 How Socio-Economic Conditions Affect Voting Turnouts in Pakistan? A District-Level Analysis (155) Ahmed Chaudhry, Umair Mazher, Mannan Hassan Khan 6 The Social Inclusion and Inequality Nexus: EU versus non-eu migrants (267) Amjad Naveed, Cong Wang DISCUSSANTS: 1. Dr. Ahsan ul Haq Satti Assistant Professor, PIDE 2. Dr. Hammad Manzoor Fatima Jinnah Women University, Rawalpindi 3. Financial Sector Development. THIRD PARALLEL TECHNICAL SESSION CHAIRPERSON: Dr. I. U. Mangla Professor of Finance Lahore School of Economics Lahore 1 Market Liquidity and Stock Returns: A Case of Pakistan (41) Ramiz ur Rehman, Inayat Ullah Mangla 2 Innovation and Access to Finance: International Evidence from Developing Markets (49) Safi Ullah Khan, Atta Ullah Shah, Mohammad Faisal Rizwan 3 Financial Frictions and Optimal Policy Response to Shocks Saira Tufail, Ather Maqsood Ahmad 4 Switching Costs, Profitability and Competition in Pakistan Banking (145) Wei Yin; Muhammad Jehangir Khan; Huixin Xie

13 5 Survival Analysis of Foreign Banks in Pakistan (196) Qurat u lain, Muhammad Azmat Hayat 6 Pakistan: Withholdingization of Economic System A Source of Revenue, Civil Strife, or Dutch Disease+? (22) Muhammad Ashfaq Ahmed DISCUSSANTS: 1. Dr. Fayyaz Hussain State Bank of Pakistan Karachi 2. Dr. Fareeha Armughan, Higher Education Commission, 4. Poverty, Inequality and Human Development FOURTH PARALLEL TECHNICAL SESSION CHAIRPERSON: Dr. Talat Anwar Professor of Public Policy, PIDE 1 Inequality in Child Mortality: A Household Level Analysis of Pakistan (44) Zainab Jehan, Sadia Sherbaz 2 Measuring the multidimensional poverty: A case study of district Sargodha (143) Ansar Abbas, Masood Sarwar Awan,Muhammad Waqas, Ayesha Ashraf 3 Income Inequality, Intergenerational Mobility and Human Development in Pakistan: An Empirical Analysis (157) Zahid Pervaiz, Shahla Akram, Amatul R. Chaudhary 4 Multisectoral Approach to Nutrition in Pakistan (191) Muhammad Ali, 5 Transaction cost of Justice in Pakistan: A case study of Peshawar High Court (202) Sabir Shah, Muhammad Imran Khan, Karim Khan, Lubna Hasan 6 Meditation for Level of Institutional Quality to Combat Income Inequality through Financial Development (254) Ghulam Rasool Madni DISCUSSANTS: 1. Dr. Nasir Iqbal Associate Professor, PIDE 2. Dr. Nazia Bibi Assistant Professor, PIDE 5th Panel Session 11:30-1:00 Regional Connectivity under CPEC

14 Guest of Honor: Panelists: Mr. Yao Jing Honorable Ambassador The Embassy of the People's Republic of China, Pakistan Dr. Guntur Sugiyarto Principal Economist, Pakistan Resident Mission, Asian Development Bank, Dr Jahangir Achakzai Dean Management Sciences University of Baluchistan, Quetta Dr. Shahid Rashid Executive Director CoE-CPEC, Ambassador (R) Syed Hasan Javed Director, Chinese Studies Centre, NUST, Dr. Zhao Hai Center for Social Sciences, Beijing, China Dr. Jamshed Uppal Associate Professor, Catholic University, Washington DC, USA LUNCH / PRAYER BREAK 01:00-02:30 6th Panel Session 2:30-4:00 Environment Issues in Pakistan Syed Abu Ahmed Akif Former Secretary Ministry of Climate change

15 Panelists: Dr. Rehana Siddique Former Joint Director PIDE - Mr Naseer Gillani Senior Chief Water Section Planning Commission Professor Asim Zia School of Public Policy University of Vermont, USA The Quaid-i-Azam Lecture 4:00-5:30 Speaker: Discussants: An Export Promotion Strategy for the Knowledge Economy Professor Asad Zaman Vice Chancellor, PIDE Dr. Tariq Banuri Chairman Higher Education Commission Dr. Aliya H. Khan Former Dean Faculty of Social Sciences Quaid-i-Azam University Member Economic Advisory Council, Government of Pakistan Dr. Pervaiz Tahir, Chairman, Bank of Punjab Lahore TEA BREAK 05:30-06:00 End of Programme

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