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Article
Publication date: 11 October 2022

Eleni Zafeiriou, Muhammad Azam and Alexandros Garefalakis

Within an effort of European Union (EU) policy to achieve carbon-neutral agriculture, the present study intends to explore the impact of carbon emissions generated by different…

Abstract

Purpose

Within an effort of European Union (EU) policy to achieve carbon-neutral agriculture, the present study intends to explore the impact of carbon emissions generated by different sources related to agriculture namely energy used in farming, by enteric fermentation and by fertilizers on agricultural income in 25 countries from EU.

Design/methodology/approach

In order to evaluate the environmental – economic performance linkage for EU agriculture, we employ a couple of different widely used panel unit root tests explicitly Levin, Li and Chu, Im, Pesaran and Shin, ADF and PP Fisher Chi-square test cointegration test (Pedroni and Kao cointegration tests) and model estimation methodologies namely the FMOLS and DOLS and ARDL – PMG models.

Findings

All the cointegration techniques employed namely Pedroni, Kao test and Johansen Pesaran cointegration tests validate the existence of long run relationships. The most significant finding is the model estimation based on three different methodologies namely FMOLS, DOLS and ARDL/PMG models. No convergence in the results was found by different estimation models. For the short term coefficients and more specifically for the case of carbon emissions generated by energy the impact on agricultural income seems to be decreasing with a decreasing trend, a result that validates the little effort made by farmers to limit carbon emissions along with the limited efficacy of the implementing policy. The same findings are valid for the first two estimation models while for the case of the third model the reversed relationship is validated. For the carbon emissions generated by enteric fermentation, the inverted-U pattern is validated with DOLS and ARDL/PMG model while for the case of fertilizers only the third model confirms the validity of inverted-U- pattern.

Practical implications

Based on the obtained empirical results, a list of policy implications is unveiled with multiple impacts on the strategy and practices adopted by farmers in order for the objective of eco efficieny to be achieved.

Originality/value

The conducted research is focusing on the environmental – economic performance linkages for EU agriculture and examines the role of agri – environmental policy in the evolution of the particular relationship for different sources of environmental pollution in agricultural activity.

Details

Management of Environmental Quality: An International Journal, vol. 34 no. 2
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 7 July 2022

Muhammad Azam Khan, Niaz Ali, Himayatullah Khan and Lim Chia Yien

This study aims to explore empirically the impact of various factors/determinants on housing prices at the country level as well as in Lahore, the most populous metropolitan city…

Abstract

Purpose

This study aims to explore empirically the impact of various factors/determinants on housing prices at the country level as well as in Lahore, the most populous metropolitan city of the most populous province Punjab, Pakistan.

Design/methodology/approach

This study uses monthly data ranging from 2013M1 to 2020M1 on variables used in the study. Based on the stationarity results, the method of robust least square is used as an estimation technique. The validity of initial results is also authenticated by canonical cointegration regression.

Findings

The empirical result reveals that all included variables significantly affect housing prices both at country level as well as in Lahore. This study found negative impact of regressor age, real exchange rate and urbanization on housing prices, whereas the positive impact of gross domestic product (GDP) per capita, foreign remittances, broad money and real interest rate on housing prices in the case of Pakistan was found. On the other hand, results unveiled the negative impact of regressor age (proportion of population aged between 15 and 64), real exchange rate and urbanization on housing prices, whereas the positive impact of GDP per capita, foreign remittances, broad money and real interest rate on housing prices in Lahore metropolitan city was unveiled.

Originality/value

Based on the extant literature survey, this is a more holistic study of its kind that uncovers the macroeconomic determinants by considering the demand side, supply side and demographic factors of escalated housing prices in Pakistan, so that proper policies can be adopted to keep the housing sector stable. Empirical findings are helpful to acquire an enhanced understanding of how the housing price is determined and form a base for government to tackle the housing affordability problem.

Details

International Journal of Housing Markets and Analysis, vol. 16 no. 5
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 25 April 2024

Muhammad Tariq, Muhammad Azam Khan and Niaz Ali

This study aims to investigate the effect of monetary policy on housing prices for US economy. It specifically examines whether nominal or real interest rates are the key drivers…

Abstract

Purpose

This study aims to investigate the effect of monetary policy on housing prices for US economy. It specifically examines whether nominal or real interest rates are the key drivers behind fluctuations in housing prices in US.

Design/methodology/approach

Monthly data from January 1991 to July 2023 and various appropriate analytical tools such as unit root tests, Johansen’s cointegration test, vector error correction model (VECM), impulse response function and Granger causality test were applied for the data analysis.

Findings

The Johansen cointegration findings reveal the presence of a long-term relationship among the variables. VECM results indicate a negative correlation between nominal and real interest rates and housing prices in both the short and long terms, suggesting that a strict monetary policy can help in controlling the housing price increase in the USA. However, housing prices are more responsive to changes in nominal interest rates than to real interest rates. Additionally, the study reveals that the COVID-19 pandemic contributed to the upsurge in housing prices in the USA.

Originality/value

This study contributes by examining the role that nominal or real interest rates play in shaping housing prices in the USA. Moreover, given the recent significant upsurge in housing prices, this study presents a unique opportunity to investigate whether these price increases are influenced by the Federal Reserve's monetary policy decisions regarding nominal or real interest rates. Additionally, using monthly data, this study provides a deeper understanding of the fluctuations in housing prices and their connection to monetary policy tools.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 11 May 2023

Muhammad Azam Khan, Zulfiqar Khan and Sardar Fawad Saleem

This study aims to explore the impact of monetary policy on bank lending rate with the moderating effects of financial sector development for eight Asian developing economics.

Abstract

Purpose

This study aims to explore the impact of monetary policy on bank lending rate with the moderating effects of financial sector development for eight Asian developing economics.

Design/methodology/approach

This study uses panel autoregressive distributed lag/pooled mean group estimation over the period ranging from 1980 to 2020.

Findings

The empirical results exhibit an inverse link between monetary policy measured by broad money supply on the bank lending rate, indicating that the increase in the money supply by the central bank lowers the demand for loans and thereby lowers the cost of loan. Moreover, financial sector development decreases the lending rate and thus lowers cost of loan. It is also noted that the interactive term of monetary policy by lending broad money supply and financial sector development showed a positive impact on the lending rate in selected Asian developing countries during the period under the study.

Practical implications

The outcomes have many relevant policy implications that stronger financial development sector contributes to the efficiency of monetary policy. Regulators and policymakers are therefore recommended to pursue greater financial sector development to lower the cost for fund searchers and to lower the cost of loans, money supply increase is suggested.

Originality/value

This study contributes to the extant literature on the factors affecting lending rate with the prime aims of monetary policy effectiveness. This study also included financial sector development with some other variables and an interactive term of monetary policy with financial development to have new insight impact of both on the lending rate in developing Asian economies.

Details

Journal of Financial Economic Policy, vol. 15 no. 3
Type: Research Article
ISSN: 1757-6385

Keywords

Article
Publication date: 4 August 2023

Rafiq Ahmad and Muhammad Rafiq

The purpose of the paper was to outline the

135

Abstract

Purpose

The purpose of the paper was to outline the

Design/methodology/approach

The paper is based on the review of relevant literature.

Findings

The study provides a broader overview of the role community libraries (CLs) can play in extending their role to a more vibrant perspective.

Originality/value

To the best of the authors’ knowledge, the paper is the first of its kind that provides an overview regarding extension of the role of CLs towards digital preservation.

Details

Library Hi Tech News, vol. 41 no. 3
Type: Research Article
ISSN: 0741-9058

Keywords

Article
Publication date: 26 September 2019

Muhammad Ijaz Khan, Sohail Ahmad Khan, Tasawar Hayat, Muhammad Faisal Javed and Muhammad Waqas

This paper aims to address the flow features of Ree–Eyring fluid between two rotating disks subject to the magnetic field. Heat transfer features are discussed through viscous…

Abstract

Purpose

This paper aims to address the flow features of Ree–Eyring fluid between two rotating disks subject to the magnetic field. Heat transfer features are discussed through viscous dissipation and nonlinear thermal radiation. Impact of thermophoresis and Brownian movement are elaborated. Physical characteristics of entropy generation optimization in nanofluid with homogeneous and heterogeneous chemical reaction are discussed.

Design/methodology/approach

The nonlinear system leads to ordinary one through the implementation of adequate transformation and then tackled analytically for a convergent series solution by homotopy analysis method.

Findings

The prime objective of the present research has been given to investigate entropy generation in Ree–Eyring fluid flow between two rotating disks subjected to the magnetic field. Vital features, namely, Brownian motion and thermophoresis have been addressed. Total entropy rate is computed using the second law of thermodynamics.

Originality/value

No such work yet exists in the literature.

Article
Publication date: 28 June 2019

Muhammad Ijaz Khan, Khursheed Muhammad, Tasawar Hayat, Shahid Farooq and Ahmed Alsaedi

This paper aims to discuss the salient aspects of the Darcy–Forchheimer flow of viscous liquid in carbon nanotubes (CNTs). CNTs are considered as nanofluid, and water is taken as…

Abstract

Purpose

This paper aims to discuss the salient aspects of the Darcy–Forchheimer flow of viscous liquid in carbon nanotubes (CNTs). CNTs are considered as nanofluid, and water is taken as the continuous phase liquid. The flow features are discussed via curved surface. Water is taken as the base liquid. Flow is generated via nonlinear stretching. Energy expression is modeled subject to heat generation/absorption. Furthermore, convective conditions are considered at the boundary. The Xue model is used in the mathematical modeling which describes the features of nanomaterials. Both types of CNTs are considered, i.e. single-walled CNTs and multi-walled CNTs.

Design/methodology/approach

Appropriate transformations are used to convert the flow expressions into dimensionless differential equations. The bvp4c method is used for solution development.

Findings

Velocity enhances via higher estimations of nanoparticles volume fraction while decays for higher Forchheimer number, curvature parameter, behavior index and porosity parameter. Furthermore, thermal field is an increasing function of nanoparticle volume fraction, behavior index, Forchheimer number and porosity parameter.

Originality/value

Here, the authors have discussed two-dimensional CNTs-based nanomaterial Darcy–Forchheimer flow of viscous fluid over a curved surface. The authors believe that all the outcomes and numerical techniques are original and have not been published elsewhere.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 29 no. 9
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 18 November 2019

Muhammad Ijaz Khan, Salman Ahmad, Tasawar Hayat, M. Waleed Ahmad Khan and Ahmed Alsaedi

The purpose of this paper is to address entropy generation in flow of thixotropic nonlinear radiative nanoliquid over a variable stretching surface with impacts of inclined…

Abstract

Purpose

The purpose of this paper is to address entropy generation in flow of thixotropic nonlinear radiative nanoliquid over a variable stretching surface with impacts of inclined magnetic field, Joule heating, viscous dissipation, heat source/sink and chemical reaction. Characteristics of nanofluid are described by Brownian motion and thermophoresis effect. At surface of the sheet zero mass flux and convective boundary condition are considered.

Design/methodology/approach

Considered flow problem is mathematically modeled and the governing system of partial differential equations is transformed into ordinary ones by using suitable transformation. The transformed ordinary differential equations system is figure out by homotopy algorithm. Outcomes of pertinent flow variables on entropy generation, skin friction, concentration, temperature, velocity, Bejan, Sherwood and Nusselts numbers are examined in graphs. Major outcomes are concluded in final section.

Findings

Velocity profile increased versus higher estimation of material and wall thickness parameter while it decays through larger Hartmann number. Furthermore, skin friction coefficient upsurges subject to higher values of Hartmann number and magnitude of skin friction coefficient decays via materials parameters. Thermal field is an increasing function of Hartmann number, radiation parameter, thermophoresis parameter and Eckert number.

Originality/value

The authors have discussed entropy generation in flow of thixotropic nanofluid over a variable thicked surface. No such consideration is yet published in the literature.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 29 no. 12
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 31 March 2020

Muhammad Azam, Haider Nawaz Khan and Farah Khan

This study aims to test the Malthusian and Kremer theories by exploring the relationship between population and economic growth in a low middle-income economy of India.

Abstract

Purpose

This study aims to test the Malthusian and Kremer theories by exploring the relationship between population and economic growth in a low middle-income economy of India.

Design/methodology/approach

The autoregressive distributed lag approach is employed based on the nature of time-series data to achieve the study objectives. In this study, regressand is economic growth measured by real GDP, and the regressors are population growth rate, investment, life expectancy and inflation rate from 1980 to 2018.

Findings

Empirical results confirm the applicability of Kremer’s theory. In this theory, population growth has a significant and positive impact on economic growth in the short and long run. Moreover, investment and life expectancy variables have a positive and significant impact on economic growth, whereas inflation rate has a negative association with economic growth. Empirical results support the population-growth-driven economic growth hypothesis, which indicates that population growth stimulates economic growth and development.

Practical implications

Empirical findings in this study provide guides for management authorities in formulating the right and relatable policies on population growth whilst promoting economic growth and social welfare.

Originality/value

Achieving a desirable level of economic growth is the prime objective of every country. The role of the population in the process of economic growth and development cannot be overlooked. Malthus' and Kremer's views are opposite. Extant literature exhibits that scant research has been carried out on this significant topic in developing countries. Therefore, empirically investigating the effect of population on the growth performance of India as a developing country is necessary and will significantly contribute to the literature.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-08-2019-0496

Details

International Journal of Social Economics, vol. 47 no. 4
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 3 May 2019

Muhammad Ijaz Khan, Sohail Ahmad Khan, Tasawar Hayat, Muhammad Faisal Javed and Ahmed Alsaedi

This study aims to examine the flow characteristics of Ree–Eyring fluid between two rotating disks. The characteristics of heat transfer are discussed in presence of viscous…

Abstract

Purpose

This study aims to examine the flow characteristics of Ree–Eyring fluid between two rotating disks. The characteristics of heat transfer are discussed in presence of viscous dissipation, heat source/sink and nonlinear radiative heat flux.

Design/methodology/approach

Nonlinear flow expressions lead to ordinary ones through adequate similarity transformations. The ordinary differential system has been tackled through optimal homotopic method. The impact of different flow variables on the velocity field, entropy generation rate and temperature fields is graphically discussed. The surface drag force and heat transfer rate are numerically examined via various pertinent parameters.

Findings

By minimization of values of stretching parameter and Brinkman number, the entropy generation rate can be controlled. The entropy generation rate enhances for higher values of magnetic parameter, while the Bejan number is decreased via magnetic parameter.

Originality/value

No such work is yet published in the literature.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 29 no. 6
Type: Research Article
ISSN: 0961-5539

Keywords

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