Muzzammil Hussain - Academia.edu (original) (raw)

Papers by Muzzammil Hussain

Research paper thumbnail of Linkage of natural resources, economic policies, urbanization, and the environmental Kuznets curve

Environmental Science and Pollution Research, Aug 2, 2022

Natural resource rents (NRR) and economic policies are considerably studied to determine ecologic... more Natural resource rents (NRR) and economic policies are considerably studied to determine ecological footprints. Currently, due to global uncertainty, renewable energy adoption, and increasing urbanization, every economy is facing challenges to control its ecological footprints. The available literature on the said linkages in the emerging seven economies is inconclusive. Therefore, this study is designed to re-estimate the linkages of NRR, urbanization (URB), economic policy uncertainty (EPU), energy structure (ES), and EFP under the "Environment Kuznets Curve (EKC) hypothesis." Data from 1992 to 2020 is used for empirical evidence, along with robust econometric calculations. The EKC hypothesis does not apply to the E7 economies, according to the findings. The energy structure is assisting in limiting ecological footprints and hence aids in environmental cleanup. The role of NRR, EPU, and URB in limiting the EF, on the other hand, is not encouraging. To minimize environmental degradation, emerging economies should reconsider their economic policies, natural resource rents, and rapid urbanization.

Research paper thumbnail of Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?

Environmental Science and Pollution Research

Economic policies related to energy and the environment are found uncertain in developing economi... more Economic policies related to energy and the environment are found uncertain in developing economies. Renewable energy sources are gradually increasing in energy structure (ES) with the adoption of environment-related technologies (ERT). However, least attention is paid to investigating the nexus of economic policy uncertainty (EPU), ERT, ES, and ecological footprint (EF). Therefore, this study is an effort to examine the EPU, ERT, ES, and interaction of EPU and ERT on EF for BRICS economies under the umbrella of the STIRPAT model. By using the data from 1992 to 2020, findings are estimated through "cross-sectional dependence (CD test); CIPS and CADF unit root test; Westerlund's co-integration; and CS-ARDL, AMG, and CCEMG." Findings unveiled the negative role of EPU on EF. Furthermore, the role of RE and ERT is positive and substantial in decreasing the environmental degradation in BRICS. Therefore, the BRICS economies are suggested to be consistent on economic policies to catch the positive impact of ERT. Findings are robust to the policy implications.

Research paper thumbnail of Re-investigation of the resource curse hypothesis: The role of political institutions and energy prices in BRIC countries

Resources Policy, 2020

The resource curse hypothesis is widely debated in the literature with the exploration of many re... more The resource curse hypothesis is widely debated in the literature with the exploration of many responsible reasons, but the papers are scarce on the role of political institutions, energy prices, and financial development in developing countries. Therefore, the present study is an effort to contribute to the existing body of knowledge by recruiting political institutions and energy prices to examine financial development with the most comprehensive (IMF's index) in BRIC (Brazil, Russia, China, and India) in a framework of resource endowment theory. By using the maximum data available from 1992 to 2016, short-& long-run relationships are estimated through crosssection augmented autoregressive distributive lag model (CS-ARDL) along with a common correlated effect mean group (CCEMG). As per the results of the above-mentioned second-generation econometric techniques, political-institutional quality is positively effecting financial development, implying better quality of institutions is strengthening financial development. Whereas, energy prices are negatively effecting financial development. Moreover, the resources are found as a blessing for BRIC economies. Overall, BRIC economies need to control the prices of the energy sector to promote financial development in the future. Findings are also vigorous for the policy implications thereto.

Research paper thumbnail of The role of institutional ownership structures on corporate performance

Journal of Public Affairs, 2020

Institutional investors are the key investors in stock markets. Stock markets are influenced by t... more Institutional investors are the key investors in stock markets. Stock markets are influenced by these giants. We investigate the comparative institutional ownership structure in financial and non-financial corporations. Institutional ownership structures are foreign, domestic, state, and private institutional ownership, which are examined against the corporate performance of 40 firms listed in Pakistan Stock Exchange from 2006 to 2016. Panel regression is applied to observe the results. Varied impacts for every category of institutional ownership in financial and non-financial firms are evident. The findings of the study are robust, and potential investors can use this study for their future investment plans. Investor institutions can decide their future investment directions in Pakistan.

Research paper thumbnail of Voluntary disclosure of greenhouse gas emissions by cities under carbon disclosure project: A sustainable development approach

Sustainable Development, 2021

Research paper thumbnail of The nexus of environment-related technologies and consumption-based carbon emissions in top five emitters: empirical analysis through dynamic common correlated effects estimator

Environmental Science and Pollution Research, 2021

Research paper thumbnail of Does Involvement of Military Government Affects FDI Inflow in Pakistan

The purpose of this study is to investigate the role of inflation, exchange rate uncertainty, gro... more The purpose of this study is to investigate the role of inflation, exchange rate uncertainty, gross domestic product (GDP) and presence of military government in FDI inflows in Pakistan. Annual data from the 1991-2013 is used to validate the results of the studied variables by using OLS regression. According to the expectations inflation, exchange rate and GDP are significant determinants of the FDI in Pakistan during the period of the study but the presence of military government (MG) has no significant effect on the inflow of the FDI in Pakistan.

Research paper thumbnail of Effect of Profitability and Financial Leverage on Capita Structure inPakistan Textile Firms

Arabian Journal of Business and Management Review, 2016

This study concentration the effect of profitability and financial leverage on capital structure ... more This study concentration the effect of profitability and financial leverage on capital structure in Pakistan textile firms. This study is based on selected 10 listed KSE textile firms the data for the period 2009 to 2014. Estimated regression model and correlation between the financial leverage and profitability on capital structure. According to our finding there is negative relationship between capital structure and profitability and positive relationship between capital structure and financial leverage if the financial leverage is increase the profitability is decrease and vice versa there have negative correlation.

Research paper thumbnail of Comparative re-estimation of environmental degradation and population density in China: Evidence from the Maki’s regime shift approach

Revista de Economía Mundial, 2021

Numerous studies have estimated the linkage of economic growth and environmental degradation in t... more Numerous studies have estimated the linkage of economic growth and environmental degradation in the framework of EKC theory with typical CO2 emissions proxy. However, the complexity of environmental degradation (ED) is better measured by ecological footprint (ECF) in any geographical territory. Against this background, the present study is an effort to contribute to the existing literature by re-investigating the EKC hypothesis with ecological footprint and CO2 emissions proxy in the largest population of the world. Moreover, the role of population density is also considered with maximum data available from 1961 to 2016 for China. To estimate the said linkage, we apply

Research paper thumbnail of Theoretical Framework for the Carbon Emissions Effects of Technological Progress and Renewable Energy Consumption

Sustainable Development, 2021

Research paper thumbnail of Why did I buy this? Purchase regret and repeat purchase intentions: A model and empirical application

Journal of Public Affairs, 2020

Research paper thumbnail of Re-Investigation of Institutional Quality and Ecological Footprint: A Case Study of Pakistan

The discourse on the environment and growth nexus has been an important research agenda. However,... more The discourse on the environment and growth nexus has been an important research agenda. However, the debate on the role of institutional quality (IQ) in environmental degradation is not adequate. Unlike others, this study examines the asymmetric effect of IQ towards ecological footprint (EF) from 1984 to 2014 in Pakistan. The non-linear autoregressive distributive lag model revealed that positive shocks are negatively effecting EF and negative shocks are positively effecting EF. Our findings suggest that a better IQ is substantially reducing EF, whereas energy consumption and economic growth are increasing EF. The study has robust policy implications.

Research paper thumbnail of Reinvestigation of environmental Kuznets curve with ecological footprints: Empirical analysis of economic growth and population density

Journal of Public Affairs, 2020

Research paper thumbnail of Analysing the role of environment-related technologies and carbon emissions in emerging economies: a step towards sustainable development

Environmental Technology, 2020

The evaluation of the contribution of consumption-based carbon (CBCO2) emissions in greenhouse ga... more The evaluation of the contribution of consumption-based carbon (CBCO2) emissions in greenhouse gas (GHG) emissions is crucially important for the design of sustainable environmental policies. Despite its importance, attention to the discussion of the role of environment-related technologies (ERT) in abating CBCO2 emission is limited. The role of ERT and renewable energy in reducing carbon emissions is investigated in a panel of seven emerging economies during 1990-2016 in the "Environment Kuznets Curve (EKC)" framework. Cross-sectional dependence test, CIPS unit root test, Westerlund co-integration, and cross-sectional augmented autoregressive distributive lag econometric techniques are employed to support the propositions. Findings suggest the supportive role of environment-related technologies in the presence of renewable energy in reducing carbon emissions. However, GDP growth is substantially worsening the environment. The findings indicate the need to increase investment in environment-related technologies by the E-7 economies for a sustainable reduction in CB CO2 emissions.

Research paper thumbnail of Natural resource abundance, technological innovation, and human capital nexus with financial development: A case study of China

Resources Policy, 2020

The discourseon the impact of natural resource endowment and its effect on financial development ... more The discourseon the impact of natural resource endowment and its effect on financial development has been an important research area in the last few decades. This study attempts to test the “resource curse” hypothesis in case of China for the period of 1987–2017. Unlike others, we introduce additional variables such as technological innovations, human capital, and trade openness into the finance demand function. We used an augmented Dickey-Fuller unit root test with and without structural breaks and Carrion-i-Silvestre et al.’s (2009) generalized least squares based test to examine the stationary properties of the variables. Similarly, to examine the presence of the cointegration relationship between financial development and its determinants, the Maki cointegration with multiple structural breaks approach is applied. The empirical results support the presence of the resource curse; that is, natural resources negatively affect financial development in China. Nonetheless, technological innovations, trade openness, and human capital affect financial development positively. The interaction of human capital and technological innovations is also positively linked with financial development. Our empirical findings have robust policy implications, highlighting the need to promote technological innovations and human capital development for effective use and management of natural resources to promote the development of financial sector.

Research paper thumbnail of Increasing Trend of Mergers and its Impact on the Bottom Line

Aim of the study is to provide the information to the bankers, government authorities, employees ... more Aim of the study is to provide the information to the bankers, government authorities, employees and the investor of the financial institutions about the impact of the merger on the performance of the banks. For this purpose, financial ratios such as the liquidity ratio, loan to deposit ratios are measured to see the short term paying capacity of the banks. Investment ratio such as earning asset to total asset ratio; solvency ratio such as “deposit time capital”; equity capital to total asset, profitability ratios include the interest margin to earning asset are used to analyze the impact of merger and on bank performance. By using ratio analysis, the study concludes if the merger and have a positive relationship with merger.

Research paper thumbnail of Underwater wireless sensor networks: routing issues and future challenges

Proceedings of the 7th International Conference …, 2009

With the advancements of acoustic modem technology that supports better data rates with reliable ... more With the advancements of acoustic modem technology that supports better data rates with reliable communications, current research focuses on algorithms those can support such technology in a better way. During the last two decades, many protocols ...

Research paper thumbnail of Linkage of natural resources, economic policies, urbanization, and the environmental Kuznets curve

Environmental Science and Pollution Research, Aug 2, 2022

Natural resource rents (NRR) and economic policies are considerably studied to determine ecologic... more Natural resource rents (NRR) and economic policies are considerably studied to determine ecological footprints. Currently, due to global uncertainty, renewable energy adoption, and increasing urbanization, every economy is facing challenges to control its ecological footprints. The available literature on the said linkages in the emerging seven economies is inconclusive. Therefore, this study is designed to re-estimate the linkages of NRR, urbanization (URB), economic policy uncertainty (EPU), energy structure (ES), and EFP under the "Environment Kuznets Curve (EKC) hypothesis." Data from 1992 to 2020 is used for empirical evidence, along with robust econometric calculations. The EKC hypothesis does not apply to the E7 economies, according to the findings. The energy structure is assisting in limiting ecological footprints and hence aids in environmental cleanup. The role of NRR, EPU, and URB in limiting the EF, on the other hand, is not encouraging. To minimize environmental degradation, emerging economies should reconsider their economic policies, natural resource rents, and rapid urbanization.

Research paper thumbnail of Do economic policy uncertainty and environment-related technologies help in limiting ecological footprint?

Environmental Science and Pollution Research

Economic policies related to energy and the environment are found uncertain in developing economi... more Economic policies related to energy and the environment are found uncertain in developing economies. Renewable energy sources are gradually increasing in energy structure (ES) with the adoption of environment-related technologies (ERT). However, least attention is paid to investigating the nexus of economic policy uncertainty (EPU), ERT, ES, and ecological footprint (EF). Therefore, this study is an effort to examine the EPU, ERT, ES, and interaction of EPU and ERT on EF for BRICS economies under the umbrella of the STIRPAT model. By using the data from 1992 to 2020, findings are estimated through "cross-sectional dependence (CD test); CIPS and CADF unit root test; Westerlund's co-integration; and CS-ARDL, AMG, and CCEMG." Findings unveiled the negative role of EPU on EF. Furthermore, the role of RE and ERT is positive and substantial in decreasing the environmental degradation in BRICS. Therefore, the BRICS economies are suggested to be consistent on economic policies to catch the positive impact of ERT. Findings are robust to the policy implications.

Research paper thumbnail of Re-investigation of the resource curse hypothesis: The role of political institutions and energy prices in BRIC countries

Resources Policy, 2020

The resource curse hypothesis is widely debated in the literature with the exploration of many re... more The resource curse hypothesis is widely debated in the literature with the exploration of many responsible reasons, but the papers are scarce on the role of political institutions, energy prices, and financial development in developing countries. Therefore, the present study is an effort to contribute to the existing body of knowledge by recruiting political institutions and energy prices to examine financial development with the most comprehensive (IMF's index) in BRIC (Brazil, Russia, China, and India) in a framework of resource endowment theory. By using the maximum data available from 1992 to 2016, short-& long-run relationships are estimated through crosssection augmented autoregressive distributive lag model (CS-ARDL) along with a common correlated effect mean group (CCEMG). As per the results of the above-mentioned second-generation econometric techniques, political-institutional quality is positively effecting financial development, implying better quality of institutions is strengthening financial development. Whereas, energy prices are negatively effecting financial development. Moreover, the resources are found as a blessing for BRIC economies. Overall, BRIC economies need to control the prices of the energy sector to promote financial development in the future. Findings are also vigorous for the policy implications thereto.

Research paper thumbnail of The role of institutional ownership structures on corporate performance

Journal of Public Affairs, 2020

Institutional investors are the key investors in stock markets. Stock markets are influenced by t... more Institutional investors are the key investors in stock markets. Stock markets are influenced by these giants. We investigate the comparative institutional ownership structure in financial and non-financial corporations. Institutional ownership structures are foreign, domestic, state, and private institutional ownership, which are examined against the corporate performance of 40 firms listed in Pakistan Stock Exchange from 2006 to 2016. Panel regression is applied to observe the results. Varied impacts for every category of institutional ownership in financial and non-financial firms are evident. The findings of the study are robust, and potential investors can use this study for their future investment plans. Investor institutions can decide their future investment directions in Pakistan.

Research paper thumbnail of Voluntary disclosure of greenhouse gas emissions by cities under carbon disclosure project: A sustainable development approach

Sustainable Development, 2021

Research paper thumbnail of The nexus of environment-related technologies and consumption-based carbon emissions in top five emitters: empirical analysis through dynamic common correlated effects estimator

Environmental Science and Pollution Research, 2021

Research paper thumbnail of Does Involvement of Military Government Affects FDI Inflow in Pakistan

The purpose of this study is to investigate the role of inflation, exchange rate uncertainty, gro... more The purpose of this study is to investigate the role of inflation, exchange rate uncertainty, gross domestic product (GDP) and presence of military government in FDI inflows in Pakistan. Annual data from the 1991-2013 is used to validate the results of the studied variables by using OLS regression. According to the expectations inflation, exchange rate and GDP are significant determinants of the FDI in Pakistan during the period of the study but the presence of military government (MG) has no significant effect on the inflow of the FDI in Pakistan.

Research paper thumbnail of Effect of Profitability and Financial Leverage on Capita Structure inPakistan Textile Firms

Arabian Journal of Business and Management Review, 2016

This study concentration the effect of profitability and financial leverage on capital structure ... more This study concentration the effect of profitability and financial leverage on capital structure in Pakistan textile firms. This study is based on selected 10 listed KSE textile firms the data for the period 2009 to 2014. Estimated regression model and correlation between the financial leverage and profitability on capital structure. According to our finding there is negative relationship between capital structure and profitability and positive relationship between capital structure and financial leverage if the financial leverage is increase the profitability is decrease and vice versa there have negative correlation.

Research paper thumbnail of Comparative re-estimation of environmental degradation and population density in China: Evidence from the Maki’s regime shift approach

Revista de Economía Mundial, 2021

Numerous studies have estimated the linkage of economic growth and environmental degradation in t... more Numerous studies have estimated the linkage of economic growth and environmental degradation in the framework of EKC theory with typical CO2 emissions proxy. However, the complexity of environmental degradation (ED) is better measured by ecological footprint (ECF) in any geographical territory. Against this background, the present study is an effort to contribute to the existing literature by re-investigating the EKC hypothesis with ecological footprint and CO2 emissions proxy in the largest population of the world. Moreover, the role of population density is also considered with maximum data available from 1961 to 2016 for China. To estimate the said linkage, we apply

Research paper thumbnail of Theoretical Framework for the Carbon Emissions Effects of Technological Progress and Renewable Energy Consumption

Sustainable Development, 2021

Research paper thumbnail of Why did I buy this? Purchase regret and repeat purchase intentions: A model and empirical application

Journal of Public Affairs, 2020

Research paper thumbnail of Re-Investigation of Institutional Quality and Ecological Footprint: A Case Study of Pakistan

The discourse on the environment and growth nexus has been an important research agenda. However,... more The discourse on the environment and growth nexus has been an important research agenda. However, the debate on the role of institutional quality (IQ) in environmental degradation is not adequate. Unlike others, this study examines the asymmetric effect of IQ towards ecological footprint (EF) from 1984 to 2014 in Pakistan. The non-linear autoregressive distributive lag model revealed that positive shocks are negatively effecting EF and negative shocks are positively effecting EF. Our findings suggest that a better IQ is substantially reducing EF, whereas energy consumption and economic growth are increasing EF. The study has robust policy implications.

Research paper thumbnail of Reinvestigation of environmental Kuznets curve with ecological footprints: Empirical analysis of economic growth and population density

Journal of Public Affairs, 2020

Research paper thumbnail of Analysing the role of environment-related technologies and carbon emissions in emerging economies: a step towards sustainable development

Environmental Technology, 2020

The evaluation of the contribution of consumption-based carbon (CBCO2) emissions in greenhouse ga... more The evaluation of the contribution of consumption-based carbon (CBCO2) emissions in greenhouse gas (GHG) emissions is crucially important for the design of sustainable environmental policies. Despite its importance, attention to the discussion of the role of environment-related technologies (ERT) in abating CBCO2 emission is limited. The role of ERT and renewable energy in reducing carbon emissions is investigated in a panel of seven emerging economies during 1990-2016 in the "Environment Kuznets Curve (EKC)" framework. Cross-sectional dependence test, CIPS unit root test, Westerlund co-integration, and cross-sectional augmented autoregressive distributive lag econometric techniques are employed to support the propositions. Findings suggest the supportive role of environment-related technologies in the presence of renewable energy in reducing carbon emissions. However, GDP growth is substantially worsening the environment. The findings indicate the need to increase investment in environment-related technologies by the E-7 economies for a sustainable reduction in CB CO2 emissions.

Research paper thumbnail of Natural resource abundance, technological innovation, and human capital nexus with financial development: A case study of China

Resources Policy, 2020

The discourseon the impact of natural resource endowment and its effect on financial development ... more The discourseon the impact of natural resource endowment and its effect on financial development has been an important research area in the last few decades. This study attempts to test the “resource curse” hypothesis in case of China for the period of 1987–2017. Unlike others, we introduce additional variables such as technological innovations, human capital, and trade openness into the finance demand function. We used an augmented Dickey-Fuller unit root test with and without structural breaks and Carrion-i-Silvestre et al.’s (2009) generalized least squares based test to examine the stationary properties of the variables. Similarly, to examine the presence of the cointegration relationship between financial development and its determinants, the Maki cointegration with multiple structural breaks approach is applied. The empirical results support the presence of the resource curse; that is, natural resources negatively affect financial development in China. Nonetheless, technological innovations, trade openness, and human capital affect financial development positively. The interaction of human capital and technological innovations is also positively linked with financial development. Our empirical findings have robust policy implications, highlighting the need to promote technological innovations and human capital development for effective use and management of natural resources to promote the development of financial sector.

Research paper thumbnail of Increasing Trend of Mergers and its Impact on the Bottom Line

Aim of the study is to provide the information to the bankers, government authorities, employees ... more Aim of the study is to provide the information to the bankers, government authorities, employees and the investor of the financial institutions about the impact of the merger on the performance of the banks. For this purpose, financial ratios such as the liquidity ratio, loan to deposit ratios are measured to see the short term paying capacity of the banks. Investment ratio such as earning asset to total asset ratio; solvency ratio such as “deposit time capital”; equity capital to total asset, profitability ratios include the interest margin to earning asset are used to analyze the impact of merger and on bank performance. By using ratio analysis, the study concludes if the merger and have a positive relationship with merger.

Research paper thumbnail of Underwater wireless sensor networks: routing issues and future challenges

Proceedings of the 7th International Conference …, 2009

With the advancements of acoustic modem technology that supports better data rates with reliable ... more With the advancements of acoustic modem technology that supports better data rates with reliable communications, current research focuses on algorithms those can support such technology in a better way. During the last two decades, many protocols ...