Analyzing the determinants of sustainability of China Pakistan Economic Corridor (CPEC) projects: an interpretive structural modelling (ISM) approach.

China Pakistan Economic Corridor (CPEC) is a game changer initiative of South Asian Pacific Rim. It has great importance for almost all Asian countries. Its success is expected to dictate the economic development of the stakeholders. The aim of this study is to evaluate the essential determinants deriving the sustainability of CPEC projects. The design of the study comprises of the review of literature, data collection, and analysis. Population under study is the folk of stakeholders of CPEC. Sampling envisages on purposive sampling design, i.e., 14 experts from within the stakeholders. Primary data is collected in the field setting through a survey questionnaire appropriate for the study. ISM is used for modelling and MICMAC for analysis and classification using inductive approach. The findings of the literature survey show that there are 23 prime determinants of sustainability of CPEC projects. The results of ISM show that 13 determinants are at Level-I, nine at Level-II, and one determinant namely "economic globalization" is at Level-III being the most critical and driving determinant. The findings of MICMAC show that only one determinant is classified in independent quadrant, and all the remaining determinants are in linkage quadrant, whereas, no determinant is shown in autonomous and/or dependence quadrant. But most of the determinants have potential to be classified in dependent and independent quadrants. It is intimately evident that the results of MICMAC corroborate the results of ISM. It is useful for folk of the stakeholders by way of developing an understanding about the multitude of determinants, intra-determinant relations, prioritizing the determinants for policy decisions, and/or for building future studies. This study has some limitations, e.g., the study uses qualitative approach and answers what and how questions that do not quantify the relations or tell the cause of indicated relations.

Surge in Economic Growth of Pakistan: A Case Study of China Pakistan Economic Corridor.

China Pakistan Economic Corridor (CPEC) is considered a massive investment that can change the economic scenario of Pakistan. The purpose of the study is to examine the contribution to the economic growth of the sectors where CPEC is investing. This research uses time-series data for 31 years to investigate the impact of macro-economic variables like foreign direct investment (FDI), human capital investment (HCI), transport investment, and information communication technology (ICT) on the economic growth of Pakistan. The results of Fully Modified Ordinary Least Square Regression Specification (FMOLS) show a positive nexus between FDI, HCI, and economic growth while economic growth and ICT show a negative relationship. The results for the impact of transportation infrastructure on economic growth are statistically insignificant. This research suggests that an increased focus on building knowledge, expertise, and skillset of human resources will help in reaping the benefits of CPEC's investment. Future researchers can increase the period of the study to ascertain the implicit or explicit impact of CPEC on economic growth. The results also suggest that policymakers and researchers should focus on developing human capital to reap the investment benefits of CPEC.

Structural Modeling on the Determinants of Effectiveness of SOPs Containing COVID-19 in Mass Gatherings.

The study is aimed to analyze the determinants of the effectiveness of SOPs in mass gatherings for containing COVID-19. The overall design of the study involves a literature review, data collection by field survey, structural modeling, and analysis. The study is built on the experts' opinion of a focus group (representing people who recently participated in and are responsible for mass gatherings). The study uses the discussion of the literature review to identify the determinants, interpretive structural modeling (ISM) for developing and analyzing a structural model, and Matrice d'Impacts Croises Multiplication Appliquée a un Classement (MICMAC) for corroboration of results of the ISM/classification of determinants. From the literature review, a list of determinants is generated and verified by a panel of experts. The results of the ISM revealed that the determinants "legal environment of the country," "practicability of SOPs," "perceived benefit of adapting SOPs," and "possibilities of avoiding gathering" occupied the top of the model, therefore, they are less critical determinants, whereas "nature of gathering" occupied the bottom of the model, and is thus the most critical determinant. The remaining determinants form the middle of the model, and are therefore moderately severe. The results of MICMAC show that the determinant "perceived benefit of adapting SOPs" is dependent, "nature of gathering" is independent, and all others are linked. The results of MICMAC implicitly substantiate the findings of the ISM. The overall results of the study show that "nature of gathering" is the key determinant. This research does not require a priori theory since it is a theory-building study that uses an inductive approach. It is based on real data and it is useful for local authorities, organizers, participants (attendees/visitors) of mass gatherings, health officials/regulators, researchers, and the community at large. This study has fundamental importance for planning and preparing for such events while ensuring the minimum risk of COVID-19 transmission.