THE INSTITUTIONAL OBSTACLES AND SOLUTIONS DURINGCONSTRUCTION OF CHINA PAKISTAN ECONOMIC CORRIDOR IN PAKISTAN
DOI:
https://doi.org/10.51699/ajdes.v5i.62Keywords:
Institutional Obstacles, Solutions, Foreign Direct Investment, Pakistan China Trade Volume, Infrastructure, CPEC, PakistanAbstract
This research paper discusses the Institutional Obstacles and Solutions of China Pakistan Economic Corridor in Pakistan and its main part of the One Belt One Road (OBOR) the major Global initiative by the Chinese Government, scheduled to complete by 2030,while the project has been welcomed by Asian Countries. This Research Project elaborates upon the Institutional obstacles and best possible solutions rudiments and overcome the challenges of CPEC and identify the important benefits for both countries that will likely impact the project progress, the data collected from a secondary source, and the data analyzed via Time Series method from 2004-2016. The Pak-China Trade Volumeand Foreign Direct Invest are dependent variables and Political Instability, Trust on Economic Environment, Law & Ordered Situation, Market Stability, Government Policy Index, Resource allocation efficiency, Administrative efficiency, Corruption, Perception Index and Price fluctuation Index are Independent variables. For data analysis, we used SPSS 20 and Amos Software to apply major tests as the Correlation model, Model Summary, ANOVA, and Standardized Coefficient Model and all the results are significant with each variable. This research will help to promote trade volume between Pak-China and overcome the challenges, maintain law and order situation, political stability, and improve price index and focus Administrative efficiency which helps to highlights the opportunities and promote mega project will likely have to the existing socioeconomic infrastructure, Job opportunities, poverty level Index, and regional peace and security.
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Copyright (c) 2021 Muhammad Saleem, Zheng Ji Liang, Narina Perveen, Abid Hussain
This work is licensed under a Creative Commons Attribution 4.0 International License.
