https://jesciences.com/index.php/jes/issue/feedJournal of Economic Sciences2024-03-26T13:40:32-04:00Dr. Ihtsham Ul Haq Paddaeditorjes@fuuast.edu.pkOpen Journal Systems<table> <tbody> <tr> <td> <p>The Journal of Economic Sciences (JES) having EISSN 2958-0676 & PISSN 2958-0668 is a biannual, open access, and peer-reviewed journal published by the Department of Economics, Federal Urdu University of Arts, Science and Technology, Islamabad. It aims to encourage and promote original thinking in various fields of economic sciences. The journal also offers a unique perspective on policy issues critical to developing economies and the world. It publishes original theoretical and empirical contributions in economics (all areas) and related fields. </p> <p><a title="Policy Document" href="https://jesciences.com/policyDocument/Policy%20Document%20of%20Journal%20-%20JESciences%20(1).pdf" target="_blank" rel="noopener">Policy Document</a> presents all policies of the Journal of Economic Sciences.</p> </td> </tr> </tbody> </table>https://jesciences.com/index.php/jes/article/view/61ICT, Economic Prosperity and Financial Development: New Evidence from Nigeria2024-01-22T05:17:51-05:00Masud Abdullahi Babamasud@oyagsb.uum.edu.myAbu Sufian Abu Bakarsufian@uum.edu.myRuhaida Saidon ruhaida@uum.edu.my<p>The inquiry investigates the influence of Information Communication Technology (ICT) variable and economic progress on financial development in Nigeria. The Autoregressive Distributed Lag (ARDL) was used to estimate data series from 1886 - 2021. The results revealed that the technology variable (ICT) measured by integrating mobile phone subscriptions and internet usage has a positive and important influence on financial development (FD). Thus, technology arising from enhanced ICT variable is instrumental in stimulating FD. The consequence is that financial markets require the use of internet and mobile broadband to be effective. Equally, the results of the impact of mobile subscriptions and the internet by excluding the ICT variable revealed that mobile phone subscriptions and the use of the internet have positive effects on FD. Moreover, the results revealed that economic growth positively and significantly impacts financial development. This implies that an advanced level of economic growth stimulates FD. Additionally, FDI also influenced FD. Thus, an increase in FDI facilitates financial development. Nevertheless, human capital has an inverse impact on FD. Policy implications were also provided.</p>2024-02-24T00:00:00-05:00Copyright (c) 2024 Journal of Economic Scienceshttps://jesciences.com/index.php/jes/article/view/64Tax-Spend or Spend-Tax Hypotheses: A Case Study of Pakistan using Threshold Cointegration with Asymmetric Adjustment2024-02-24T02:15:37-05:00Ayesha Nazayesha.naz@iiu.edu.pkMuhammad Zamirzamirqau@gmail.com<p>Revenue-spending nexus has significant inferences for the political economy to understand the fiscal policies particularly in context of Pakistan economy. In the current study, the traditional tax-spend versus spend-tax view of fiscal policy is investigated based on asymmetrical TAR and M-TAR tests of cointegration. For this, we have used annual data on taxes and government spending for Pakistan over the period 1976 to 2019. The results show some evidence in favor of the traditional tax-spend view. It implies that catering revenue from tax side results in more spending and increases the fiscal deficit. Hence, the devastating effect on fiscal balance is evident, if it is targeted through taxes. Therefore, it is required that fiscal adjustment should be from spending side rather than tax. Furthermore, the results indicate that both taxes and government spending are cointegrated (have long-run equilibrium relationship) with asymmetric adjustment process towards long-run equilibrium. Moreover, budgetary deviations below long-run equilibrium are corrected faster than deviations above it.</p>2024-03-18T00:00:00-04:00Copyright (c) 2024 Journal of Economic Sciences