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Economists' GDP forecasts are often inaccurate due to the flexibility and varying variables used in their analysis, as well as unforeseen events. Forecasting models have limited validity and should be taken with caution when making policy or investment decisions. Ranges of forecasts may be more realistic than specific numbers.
The paper develops an empirical model to test the substitution of trade credit for bank credit using the annual financial data of 1,028 Indian manufacturing firms from 2011 to 2019. It further examines the impact of macroeconomic policy interventions on using these two financing sources.
The electricity crisis in Pakistan is triggering grid power outage (load shedding) for many decades, which has not only affected the commercial and industrial sectors but also the domestic sector, specifically the livelihood of rural areas of the country. However, the extant literature advocates that renewable energy technologies, such as solar photovoltaic (PV) can be the remedy. Given the abundantly availability of solar energy in Pakistan that can be converted into electrical energy using solar photovoltaic (PV) systems, this study examines the determinants of solar PV adoption in rural are...
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Format changes in U.S. schooling in response to the COVID-19 pandemic varied by month and by school district, ranging from exclusively home-based to full in-person learning. The impact of these changes on adolescent schooling experiences, and the factors that mitigate such impact, have been challenging to quantify. To address these challenges we employed bi-monthly repeated surveys of youths (N = 6,546, aged 13-14 years) in a longitudinal study, starting before the pandemic peak (October 2020) and continuing through one year after the pandemic was declared (March 2021). We investigated how sch...