Browsing by Author "Klasra, Mushtaq Ahmad"

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    Citation - WoS: 1
    Citation - Scopus: 1
    Cointegration, Causality and the Transmission of Shocks Across Wheat Market in Pakistan
    (Springer, 2009) Klasra, Mushtaq Ahmad
    This paper uses quarterly price data and examines the transmission of shocks across different spatially separated locations besides identifying causality among these locations. Johansen and Juselius's (Econ. Stat., 52, 160-210, 1990) multivariate cointegration procedure identified two cointegrating vectors among these locations. Following Toda and Yamamoto (J. Econom., 66, 225-250, 1995), causality tests showed only one bi-directional causality and it was between Peshawar and Hyderabad locations. Faisalabad and Sargodha appeared independent (i.e. exogenous) market locations in price discovery process. Peshawar market showed maximum (i.e. 5) number of significant links. The generalized impulse response functions, though, suggested similar (cyclical) pattern of responses across the markets, but their time profile, which provides insight into the system's speed of convergence to long run equilibrium path, varied with different level of extent and persistency. Responses to shock originating in consumption markets (i.e. Karachi, Peshawar and Lahore) remained short lived; whereas the shocks stemming from surplus wheat producing locations (i.e Multan, Sargodha and Faisalabad) produced long and more persistent responses.
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    Citation - WoS: 4
    Citation - Scopus: 6
    Et ve Balık Eti Hanehalkı Talebinin Mevsimselliği: Bir Kentsel Alan Örneği
    (Tubitak Scientific & Technological Research Council Turkey, 2005) Klasra, Mushtaq Ahmad; Fidan, Halil
    Bu çalışma, Almost Ideal Demand System (AIDS)'i kullanarak, farklı mevsimlerde et ve balık için hane halkı talebine etkili faktörlerin tahmininde çıkarımlarda bulunmaktadır. Anket verileri kullanılarak, bütçe payı, talebin fiyat elastikiyeti, çapraz elastikiyet ve balık ve et için harcamalar, eşitlikler sistemi ile tahmin edilmiştir. Özellikle, Kurban Bayramı dönemlerinde bütçe paylarında artış olması durumu et ve balık tüketiminin mevsimsel etkisini inceleyen bu çalışmanın temel sonucu olmuştur. Bunun ötesinde, kentsel alanda yaşayan insanlar, hamsi hariç, fiyat artışlarına karşı duyarlı oldukları bulunamamıştır. Bu çalışma, politika yapıcıları, üreticiler ve pazarlama uzmanlarının izleyecekleri politikalarda etkili kaynak kullanımlarının düzenlenmesine, bu sonuçların onlara yardımcı olabilmesi bakımından önemlidir.
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    Citation - WoS: 13
    Citation - Scopus: 15
    Import-Content of Exports and J-Curve Effect
    (Routledge Journals, Taylor & Francis Ltd, 2010) Yazici, Mehmet; Klasra, Mushtaq Ahmad
    This article investigates how the response to devaluation of trade balance is affected, compared to J-curve hypothesis, by the presence of imported inputs in the production of exports. Using first the Almon lag technique and then the cointegration and the generalized impulse response function analysis, the J-curve effect is examined in two sectors of Turkish economy (manufacturing and mining), which use imported inputs at different rates. Based on the data covering the period from the first quarter of 1986 to the third quarter of 1998, our results indicate that in neither sector J-curve exists and that the violation of the J-curve effect is more severe in the sector with higher import content.
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    Seasonality in household demand for meat and fish: Evidence from an urban area
    (Scientific Technical Research Council Turkey-Tubitak, 2005) Fidan, Halil; Klasra, Mushtaq Ahmad
    This paper, using the Almost Ideal Demand System (AIDS), derives estimates of factors influencing household demand for meat and fish during different seasons. Using primary data obtained from the survey, a system of equations pertaining to budget share, demand elasticities of own price, cross price and expenditure for meat and fish was estimated. The main conclusion is that there are seasonal effects on the consumption of meat and fish. In particular, during the Muslim Festival of Sacrifice the budget share of meat increases. Further, people living in urban areas were not sensitive to price increases except for in anchovy. This study is of importance to policy makers, producers and marketing strategists alike, as this conclusion will help them to design their respective policies to use resources more efficiently