In view of the huge ice cover of 24. 5× 106 km3 in Antarctica, which accounts for over 90 % by volume of the ice body on earth, the movement of Antarctic glaciers is a major control on global sea-level change and...In view of the huge ice cover of 24. 5× 106 km3 in Antarctica, which accounts for over 90 % by volume of the ice body on earth, the movement of Antarctic glaciers is a major control on global sea-level change and climatic fluctuation. As recorded in the Quaternary deposits in King George Island, West Antarctica, three rapid ablations can be recognized at 11000, 9000 and 6100 years ago and the global climate within the past 6000 years is characterized by small-amplitude warm-cold fluctuation. Intertidal deceits at the north bank of the Shenzhen Bay suggest a periodic variation in sea level in about every 670 years over the last 6000 years with low sea levels recorded in the periods of 5500 - 4900, 3900 - 3600, 2400 2200 and 1300 - 1200 years ago. Between these periods the sea level rised for about 80 cm onaverage. The modern warming climate in the last century corresponds with a rise of sea level atthe rate of 2 - 3 mm/a.展开更多
Background:Banking is an important sector of Pakistan’s economy.It is general consideration that bank’s major activities saving and lending have positive impact on economic growth.So the aim of this study is to inve...Background:Banking is an important sector of Pakistan’s economy.It is general consideration that bank’s major activities saving and lending have positive impact on economic growth.So the aim of this study is to investigate this consideration and also investigate that either growth led deposits and credits,or deposit and credits led growth means the purpose of this study is to investigate the direction of this relationship.Methods:Johansen test of Co-integration and Granger Causality is employed by using time series data of Pakistan from 1961 to 2013.Results:The results show that two major activities of banking sector that are saving and lending don’t have any long run or short run causality towards economic growth so the general consideration of positive impact of these activities proved wrong in case of Pakistan.However there is unidirectional causality running from GDP growth to credit provided by banking sector which shows that economic prosperity or economic growth will have a major impact on lending activities of banks meaning that demand following hypothesis is true for Pakistan in case of GDP and Bank’s credit or we can say that growth led Bank’s credit in Pakistan.Conclusions:Hence Government and central bank should make policies by keeping this fact in consideration that bank’s two major activities that are saving and lending does not have impact on GDP growth.There might be other factors which influence economic growth of Pakistan more than banking sector these activities,which can be bank’s profitability,human resource,technology,infrastructure and other sectors of the economy.However GDP growth affects bank’s lending activities so during high economic growth year central bank and private bank’s management should introduce easy loans for businesses and industries and during poor economic growth years personal loan’s new schemes should be introduce by banks.展开更多
文摘In view of the huge ice cover of 24. 5× 106 km3 in Antarctica, which accounts for over 90 % by volume of the ice body on earth, the movement of Antarctic glaciers is a major control on global sea-level change and climatic fluctuation. As recorded in the Quaternary deposits in King George Island, West Antarctica, three rapid ablations can be recognized at 11000, 9000 and 6100 years ago and the global climate within the past 6000 years is characterized by small-amplitude warm-cold fluctuation. Intertidal deceits at the north bank of the Shenzhen Bay suggest a periodic variation in sea level in about every 670 years over the last 6000 years with low sea levels recorded in the periods of 5500 - 4900, 3900 - 3600, 2400 2200 and 1300 - 1200 years ago. Between these periods the sea level rised for about 80 cm onaverage. The modern warming climate in the last century corresponds with a rise of sea level atthe rate of 2 - 3 mm/a.
文摘Background:Banking is an important sector of Pakistan’s economy.It is general consideration that bank’s major activities saving and lending have positive impact on economic growth.So the aim of this study is to investigate this consideration and also investigate that either growth led deposits and credits,or deposit and credits led growth means the purpose of this study is to investigate the direction of this relationship.Methods:Johansen test of Co-integration and Granger Causality is employed by using time series data of Pakistan from 1961 to 2013.Results:The results show that two major activities of banking sector that are saving and lending don’t have any long run or short run causality towards economic growth so the general consideration of positive impact of these activities proved wrong in case of Pakistan.However there is unidirectional causality running from GDP growth to credit provided by banking sector which shows that economic prosperity or economic growth will have a major impact on lending activities of banks meaning that demand following hypothesis is true for Pakistan in case of GDP and Bank’s credit or we can say that growth led Bank’s credit in Pakistan.Conclusions:Hence Government and central bank should make policies by keeping this fact in consideration that bank’s two major activities that are saving and lending does not have impact on GDP growth.There might be other factors which influence economic growth of Pakistan more than banking sector these activities,which can be bank’s profitability,human resource,technology,infrastructure and other sectors of the economy.However GDP growth affects bank’s lending activities so during high economic growth year central bank and private bank’s management should introduce easy loans for businesses and industries and during poor economic growth years personal loan’s new schemes should be introduce by banks.
