POSSIBILITIES FOR DEVELOPMENT BY LOCAL GOVERNMENT WITH PARTNERSHIP OF GLOBAL CAPITAL: A CONCEPT FOR BENCHMARKING THE SUSTAINABLE-MEGACITY
Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 6
Abstract
The model of economic development, in general faces the dilemma of resource scarceness and the manageability of required output from limitation of resources would be challenging task for policymakers. Therefore, development of megacity which could franchise the demands of economic development is an important element. Hence, we reached on this conclusion that, sustainable megacity is the essential ingredient of economic development. This paper addresses the role of local government in coordination with provincial and federal government for the development of sustainable megacities by utilizing the assistance of global-capital. We tried to address degree specific 132 indicators to construct the benchmark for megacity which could describe the sustainability level of megacity that how and by which process the same transaction is possible or implementable.
Authors and Affiliations
Bilal Ahmed| Ph.D Research Fellow, Department of Economics, University of Karachi, Pakistan: E-mail: bilaleconomist@hotmail.com
THRESHOLD EFFECTS IN THE RELATIONSHIPS OF REITS AND OTHER FINANCIAL SECURITIES IN DEVELOPED COUNTRIES
We use a Panel Smooth Transition Regression model (PSTR) to investigate the nonlinear dynamic relationship between financial variables and REITs of Japan and U.S with 3-month interest rate change as threshold variable....
EXISTENCE AND NATURE OF AUDIT EXPECTATION GAP: NIGERIAN PERSPECTIVE
The audit expectation gap is critical to the auditing profession because the greater the unfulfilled expectation from the public, the lower the credibility earning potential and prestige associated with the work of audit...
FINANCIAL CRISIS AND FINANCIALIZATION ACUITY ON THE DIVERSIFICATION BENEFITS OF COMMODITIES: A STOCHASTIC ASSET ALLOCATION FRAMEWORK
This research investigates the portfolio diversification benefits of commodities in the backdrop of uncertainty caused by the financial crisis, increased Financialization and speculation in commodity markets. Portfolios...
WILLINGNESS TO PAY FOR THE TREATMENT OF ENVIRONMENTAL HAZARDS: A CASE STUDY OF PESHAWAR
Safe and human friendly environment is one of the most important issues in world today. This paper has addressed one of such important issue, the treatment of environmental hazard in form of solid waste in Peshawar Distr...
EMERGING STOCK PREMIA: SOME EVIDENCE FROM INDUSTRIAL STOCK MARKET DATA
This paper studies the behavior of emerging stock excess returns in an industry-by-industry context. We examine stock market performance for 23 countries and ten industries over 17 years from 1995 to 2012 – a period that...