Journal of Economic Impact <p class="justify">Journal of Economic Impact (JEI) welcomes all research articles relevant to economics and other relevant social science subjects. The journal of Economic Impact aims to provide an opportunity and a forum to communicate relevant and current issues in the area of Economics and its allied subjects. The objective of this journal is to publish prolific novel scientific work while making them freely available for the scholarly world. Journal of Economic Impact is an open access journal. Abstracts and full texts of all articles published in the Journal of Economics Impact can be read online without any form of restriction.</p> Science Impact Publishers en-US Journal of Economic Impact 2664-9756 <p class="Default"> </p> <p> </p> Dynamic Effect of External Finance in Achieving Eco-efficiency and Sustainable Development Goals <p>United Nations Agenda 2030 is a call to action for global issues, and sustainability is a challenge that faces everyone. The primary objective of this research is to offer first-hand insights about external financing for sustainability. In order to calculate the impact of foreign financing on eco-efficiency, the Sustainable Development Goals, and the Social, Economic, and Environmental Development of 46 Asian countries between 2000 and 2021, the study used auto-regressive distributed lag (ARDL) models. The estimation's results showed foreign direct investment failed to significantly impact any of the five models over the short- or long-term, remittances, official development assistance, foreign debt, and restriction are useful indicators for advancing social, economic, and environmental development toward eco-efficiency and sustainable development goals. The study also indicated Sustainable development Goals and Social Development are more significant as compared to the other three Models eco-efficiency, economic, and environmental development during the short run and long run. Further indicated South Eastern Asia and East Asia Region Countries have strong requirements for External finance as compared to other Asian regions and external finance had a highly significant relationship with eco-efficiency and Sustainable Development Goals in the short run and long run from 2000 to 2021. Study recommendations are cleared; the Government’s systems should be designed as UN Agenda-2030 that supports the direction toward World Future Sustainability.</p> Muhammad Naveed Jamil Abdul Rasheed Copyright (c) 2024 Muhammad Naveed Jamil, Abdul Rasheed 2024-05-31 2024-05-31 6 2 115 124 10.52223/econimpact.2024.6201 Unlocking Pakistan's Debt Conundrum: A Deep Dive into the Dynamics of Debt Servicing and External Debt Stock <p>Pakistan stands at a crossroads where the burgeoning debt servicing cost of Rs 7.3 trillion is going to swallow the lion’s share of the projected revenue of Rs 9.2 trillion. This revenue also includes the Rs 5.2 trillion share allocated to the provinces. It is essential to study the causes of such a high debt stock rate, which requires a large outflow of foreign reserves. This study took 50 years of data about Pakistan and analyzed certain determinants of debt stock including debt service cost, budget deficit, military expenditure, import bill, and population. ARDL was used after finding a mixed order for stationery. The short and long-run analysis is undertaken. The Result shows that debt cost has a significant negative impact on debt stock, whereas budget deficit, military expenditure, import, and population have a significant positive impact on national debt. Based on the results, this study suggests that military expenditure and imports should be decreased to control national debt. The population must be maintained at an optimal level. The government should not go for a budget deficit as it requires further loans. The Results were checked for robustness and the model was stable.</p> Muhammad Ghulam Shabeer Ms. Azra Ayesha Anwar Rabia Zubair Copyright (c) 2024 Muhammad Ghulam Shabeer, Ms. Azra, Ayesha Anwar, Rabia Zubair 2024-06-01 2024-06-01 6 2 125 130 10.52223/econimpact.2024.6202 Ethics Redefined: A Comparative Study on Women on Boards vs. Attributes of Corporate Governance in the Light of Firm Performance <p>This study is related to Corporate Governance (CG) and is an important research stream. One of the most noteworthy dimensions of CG is Board Gender Diversity (BGD). While there is a lot of study being done on BGD in developing and emerging market economies is still in the early stages of this field. This study attempts to answer the seminal question, of what matters most for Firm Performance (FP), CG attributes, or just BGD). So, this study investigates the relationship between BGD and CG attributes, on the FP. The existing literature lacks a comprehensive analysis of BGD and CG attributes on FP so this study fills this research gap. To meet the study's objective, data is collected for 50 non-financial firms listed on the Pakistan Stock Exchange, the data period is 2017-2022 which leads to a total of 300 firm-year observations. For data analysis, the technique of panel regression is used in this study. This study reveals that CG attributes employ mixed influence on FP, while BGD negatively impacts the FP, emphasizing the significance of border governance mechanisms. This research shows the need for the firm to prioritize more ethical governance practices, across different cultural and economic contexts instead of just diluting the board with more female directors. Exploring the role of other variables could provide deeper insights into the factors deriving these relationships.</p> Neha Hussain Burhan Rasheed Zohair Farooq Malik Syed Taha Fraz Muhammad Umar Munir Copyright (c) 2024 Neha Hussain, Burhan Rasheed, Zohair Farooq Malik, Syed Taha Fraz, Muhammad Umar Munir 2024-06-18 2024-06-18 6 2 131 137 10.52223/econimpact.2024.6203