Dr. Abdul QAYYUM Pakistan Institute of Development Economics (PIDE) House No 309, Street No. 65, I - 8/3, Islamabad, Pakistan Phone No. Off. 051-9248051 Res. 51-9101804, Cell; 0321 5112374, Email: abdulqayyum@pide.org.pk Experience: Since July 2008 Since July 2007 October, 2000 to July 2008 December, 1997 to October, 2000 April, 1988 to November, 1997 September, 1987 to March, 1988 Professor Pakistan Institute Development Economics Registrar Pakistan Institute Development Economics Associate Professor Pakistan Institute Development Economics Assistant Professor University of AJK, Muzaffarabad Lecturer (Economics) Education Department, Government of AJK Research Officer Research Department State Bank of Pakistan, Karachi Father s Name: Muhammad Abdullah Date of Birth: 11 September 1959 Nationality: Pakistan (AK) Area of Interest: Monetary Economics, Macroeconomics, Applied Econometrics Qualifications: 1 PhD 1995 Applied Econometrics University of Bradford, UK 2 MA 1992 Economics University of East Anglia, UK 3. MPhil 1989 Applied Economics University of Peshawar, Pakistan. 4. MSc 1985 Economics University of A.J. & K. Muzaffarabad 5. BA 1980 Economics University of Punjab, Lahore, Pakistan 6 F. Sc 1977 Pre-Medical Mirpur (AK) Board, Pakistan 7. SSC 1974 Science Mirpur (AK) Board, Pakistan Other Qualifications: 1. Presentation Skill 1993 University of Bradford, UK 2 Ten Week Course, 1991 English for Academic Purposes, Centre for Intensive Language Study, Academy for Educational Development, USAID, Islamabad 1
Achievements: 1. Placed among the Top 5% authors of the world by IDEAS (RePec) 2. Placed among the Top 10% authors of Asia by IDEAS (RePec) 3. Placed among the Top 10% authors of Pakistan by IDEAS (RePec) Visiting Faculty: 1. Department of Statistics, Quaid-i-Azam University, Islamabad, 2004-06 2. Department of Economics, National University of Modern Languages (NUML), Islamabad, 2006-2007 3. Department of Economics, Federal University of Arts Science and Technology, Islamabad 2005 4. Department of Management, COMSATS Institute of Information Technology, Islamabad, 2004-05 5. Department of Economics and Finance, International Islamic University, Islamabad, 2003 6. Department of Economics, Gomal University, D. I. Khan, NWFP, Pakistan 7. Shaheed Zulfqar Ali Butto Institute of Science and Technology ( SZBIST), Karachi, 2003-04 Administrative Experience: 1. Registrar Since July 2007 PIDE 2. Director, QEC Since December 2011 PIDE 3. Head, Department of Econometrics and Since April 2007 PIDE Statistics, 4. Head, Money, Banking and Finance Since June 2006 PIDE 5. Project Director, Land Acquisition and 2009-10 PIDE Site Development 6. Project Director, Restructuring PIDE as 03/2008 to 12/2008 PIDE a World Class Research and Teaching Institute 7. Project Director, Capacity Building of 07/2006 to 06/2009 PIDE PIDE 8. Acting Director, Kashmir Institute of Development Studies 07/99 to 09/99 University of A. J. & K. Muzaffarabad, Pakistan 2
Publications: 1. Amjad, R., Musleh ud Din and A. Qayyum, 2011, Pakistan: Breasking out of Stagflation into Sustained Growth, The Lahore Journal of Economics, 16: SE (September 2011) 2. Khan, Muhammad Arshad and Abdul Qayyum, 2011, Exchange Rate Determination in Pakistan: Role of Monetary Fundamentals, the Journal of Economic Cooperation and Development, Volume 32 (2011) Number 2 3. Qayyum, Abdul and Saba Anwar, 2011, Impact of Monetary Policy on the Volatility of Stock Market in Pakistan, International Journal of Business and Social Science, Vol. 2 No. 11 4. Raheman, A., A. Qayyum, T. Afza and M. A. Bodla, 2010, Sector-Wise Analysis of Working Capital Management and Firm Performance in Manufacturing Sector of Pakistan, Interdisciplinary Journal of Contemporary research in Business, Vol. 2, No. 7. 5. Raheman, A., A. Qayyum, T. Afza and M. A. Bodla, 2010, Working Capital Management and Corporate Performance of Manufacturing Sector in Pakistan, International Research Journal of Finance and Economics, Issue No. 47, 6. Khan, M. A. and Abdul Qayyum, 2009, The Demand for Electricity in Pakistan, OPEC Energy Review, Vol. 33, No. 1. 7. Ahmed, Imtaiz and Abdul Qayyum, 2009, Role of Public Expenditures and Macroeconomic Uncertainty in Determining Private Investment in Large Scale Manufacturing Sector of Pakistan, International Research Journal of Finance and Economics, No. 26. 8. Raheman, A., A. Qayyum, and T. Afza, 2009, Efficiency Dynamics of Sugar Industry of Pakistan, The Pakistan Development Review, No. 48:4, Part II, pp 921-938. 9. Raheman, A., A. Qayyum, T. Afza, and M. A. Bodla, 2008, Estimating Total Factor Productivity and its Components: Evidence from Major Manufacturing Industries of Pakistan, The Pakistan Development Review, Vol-47:4, Part II, pp. 677-694. 10. Ahmed, Imtaiz and Abdul Qayyum, 2008, Dynamic Modeling of Private Investment in Agriculture Sector of Pakistan, The Pakistan Development Review, No. 47:4, Part II, pp 517-530. 11. Qayyum, Abdul and Muhammad Arshad Khan, 2008, Trade Growth Linkages in South Asia, European Journal of Scientific Research, Vol. 21, No. 1, pp 13-144. 12. Ahmed, Imtaiz and Abdul Qayyum, 2008, Effect of Government Spending and Macro-economic Uncertainty on Private Investment in Services Sector: Evidence from Pakistan, European Journal of Economics, Finance and Administrative Sciences, Issue 11. 13. Qayyum, Abdul, M. Idrees and Asma Hayder, 2008, Growth Diagnostics in Pakistan, European Journal of Scientific Research, Vol. 24, No.3, pp.433-450. 14. Khan, Muhammad Arshad and Abdul Qayyum, 2008, Long-Run and Short-Run Dynamics of the Exchange Rate in Pakistan: Evidence from Unrestricted Purchasing Power Parity Theory, The Lahore Journal of Economics,, Vol. 13, No. 1, pp 29-56. 3
15. Ahmed, Imtaiz and Abdul Qayyum, 2007, Do Public Expenditures and Macroeconomic Uncertainty Matters for Private Investment? Evidence from Pakistan, Pakistan Development Review, Vol. 46:2, pp. 145-161. 16. Khan, Muhammad Arshad and Abdul Qayyum, 2007, Dynamic Modeling of Energy and Growth in South Asia, The Pakistan Development Review, Vol. 46:4, Part II, pp 481-498. 17. Zahid, Muhammad Sarwar, Abdul Qayyum and Wasim Shahid Malik, 2007, Dynamics of Wheat Market Integration in Northern Punjab, Pakistan, The Pakistan Development Review, Vol. 46:4, Part II, pp. 817-830. 18. Kemal, A R, Abdul Qayyum and M. Nadim Hanif 2007, Financial Development and Economic Growth: Evidence from a Heterogeneous Panel of High Income Countries, The Lahore Journal of Economics, Vol. 12, No. 1. 19. Khan, Muhammad Arshad and Abdul Qayyum, 2007, Exchange Rate Determination in Pakistan: Evidence Based on Purchasing Power Parity Theory, Pakistan Economic and Social Review, Vol. 45, No. 2, pp. 211-232. 20. Hussain, Fazal and Abdul Qayyum, 2007, Stock Market Liberalisations: The South Asian Experience, Journal of Management Science,, 1:1 21. Qayyum, Abdul, and Sajawal Khan, 2006 X-efficiency, Scale Economies, Technological Progress, and Competition: The Banking Sector in Pakistan, The Pakistan Development Review, Vol. 45:4, Part-II, pp. 733-748 22. Muhammad Arshad Khan and Abdul Qayyum, 2006, Trade Liberalisation, Financial Sector Reforms, and Growth, The Pakistan Development Review, Vol. 45:4, pp 711-731. 23. Haque, Nadeem Ul and Abdul Qayyum, 2006, Inflation Everywhere is a Monetary Phenomenon: An Introductory Note, The Pakistan Development Review, Vol. 45:2, pp. 179-183. 24. Qayyum, Abdul, 2006, Money, Inflation and Growth in Pakistan, The Pakistan Development Review, 45:2, 203-212 25. Qayyum, Abdul, and Faiz Bilques, 2005, P-star Model: A Leading Indicator of Inflation for Pakistan, The Pakistan Development Review, Vol. 44:2, pp. 117-129 26. Qayyum, Abdul, 2005, Modelling the Demand for Money in Pakistan, The Pakistan Development Review, Vol. 44:3, pp. 233-252 27. Qayyum, Abdul, Sajawal Khan and M. Idrees Khawaja, 2005, Interest Rate Passthrough in Pakistan: Evidence from Transfer Function Approach, The Pakistan Development Review, Vol. 44:4, Part-II, pp. 975-1001. 28. Qayyum, Abdul, M. A Khan and S A Sheikh, 2005, Financial Sector Development and Growth in Pakistan, The Pakistan Development Review, 44; 4, 819-837 29. Qayyum, Abdul, M. A Khan and K Zaman, 2004, Exchange Rate Misalignment in Pakistan: Evidence from Purchasing Power Parity Theory, The Pakistan Development Review, Vol. 43:4, Part II, pp. 721-735 30. Qayyum, Abdul, and M. A Khan, 2003, Capital Flow and Money Supply: The Degree of Sterilization in Pakistan, The Pakistan Development Review, Vol. 42:4, Part II, pp. 975-985. 31. Qayyum, Abdul, 2002, Demand for Bank Lending by the Private Business Sector in Pakistan, The Pakistan Development Review, Vol. 41:2, pp. 149-159 32. Qayyum, Abdul, 2002, Monetary Conditions Index: A Composite Measure of 4
Monetary Policy in Pakistan, The Pakistan Development Review, Vol. 41:4, Part II, pp. 551-566. 33. Qayyum, Abdul, 2002, An Error Correction Model of the Demand for Narrowly Defined Money in Pakistan, Research Journal Social Sciences, Vol. 1, No.1, pp. 8-19. 34. Qayyum, Abdul, 2001, Sectoral Analysis of the Demand for Real Money Balances in Pakistan, The Pakistan Development Review, Vol. 40:4, Part II, pp. 953-966. 35. Qayyum, Abdul, and Usman, A, 2001, Money Supply Function in Pakistan: An Econometric Investigation, Journal of Islamic Banking & Finance, No. 2. 36. Qayyum, Abdul, 2000, Demand for Real Money Balances by the Business Sector: An Econometric Investigation, The Pakistan Development Review, Vol. 39:4, Part- II, pp 857-873. 37. Qayyum, Abdul, 1999, Demand for Money by Business Sector in a Developing Country: Evidence from Pakistan, The Kashmir Economic Review, Vol. VII, No. 1 38. Qayyum, Abdul, 1998, Error Correction Model of Demand for Money in Pakistan, The Kashmir Economic Review, Vol. 6, No. 1-2 39. Qayyum, Abdul, and S. Cameron, 1998, Unit Roots, Cointegration, and Error Correction: Review of Literature, The Kashmir Economic Review, Vol. 6, No. 1-2. 2. Books (Chapter) 1. Ahmed, Munir, Qayyum, A, Iqbal, M. and Dorosh, P. (2010), Impact of Domestic Policies Towards Agricultural Trade Liberalization and Market Reforms on Food Security in Pakistan, International Food Policy Research Institute, USA 2. Qayyum, A, 2008, Does Monetary Policy Play Effective Role in Controlling Inflation in Pakistan, International Islamic University, Islamabad 3. Khan, M. Arshad and Qayyum, A, 2007, Trade Growth Nexus in Major South Asian Countries, National Seminar on Trade and Economic Growth Linkages, Quaid-i-Azam University Islamabad, Pakistan, 3. Working Papers 1 Qayyum, Addul, and Muhammad Javid, 2011, Foreign Aid-Growth Nexus in Pakistan: Role of Macroeconomic Policies, MPRA Paper, University Library of Munich, Germany 2 Qayyum, Abdul and Saba Anwar, 2011, Impact of Monetary Policy on the Volatility of Stock Market in Pakistan, MPRA Paper, University Library of Munich, Germany 3 Qayyum, Abdul and 2010, Measuring Financial Risk using Extreme Value Theory: evidence from Pakistan, MPRA Paper, University Library of Munich, Germany 4 Qayyum, Addul, Muhammad Javid, Umaima Arif and Muhammad Arshad Khan,2010, Impact of Remittances on Economic Growth and Poverty 5 Growth Diagnostics in Pakistan, PIDE-Working Papers 2008:47, Pakistan Institute of Development Economics (with M. Idrees and Asma Hayder) 5
6. Qayyum, Abdul and Sajawal Khan, 2007, Measures of Monetary Policy Stance: The Case of Pakistan, PIDE-Working Papers 2007:39, Pakistan Institute of Development Economics, 7 Qayyum, Abdul and Sajawal Khan, 2007X-efficiency, Scale Economies, Technological Progress and Competition of Pakistani s Bank, PIDE-Working Papers 2007:23, Pakistan Institute of Development Economics, 8 Qayyum, Abdul and Muhammad Arshad Khan, 2007, Trade Liberalisation, Financial Development and Economic Growth, PIDE-Working Papers 2007:19, Pakistan Institute of Development Economics 9 Qayyum, Abdul and Mohsin, H., 2007, The Integration of Financial Markets: Empirical Evidence from South Asian Countries," MPRA Paper 2364, University Library of Munich, Germany, 10 Qayyum, Abdul and Fazal Hussain, 2006, Stock Market Liberalisations: The South Asian Experience PIDE Working Papers, 2006:6 11 Qayyum, A, and Ahmed, Munir (2006), Efficiency and Sustainability of Micro Finance, MPRA Paper, University Library of Munich, Germany 12 Qayyum, Abdul and S. Cameron, 1994, The Demand for Money by the Business Sector in Pakistan, Working Paper No. 94.8, 1994, Department of Social and Economic Studies, University of Bradford, UK 4. Conference Papers a. International 1. Qayyum, A, 2010, Growth and Efficiency of Islamic Banking: A Case of Pakistan, International Conference After the Crises - Approaches for a Value Based Economic Policy Abu Dhabi, by Konard Adenauer Stiftung, from October 11 to October 13, 2010 2. Qayyum, A, 2007, Financial Sector Reforms and The Efficiency of Banking in Pakistan, Eighth Annual Conference of the South Asian Network of Economic research Institutes (SANEI), Khatmando, Nepal, from 31st August 01 September 2007. 3. Financial Development and Economic Growth: Evidence from Heterogeneous Panel Data of Low Income Countries, Paper to be Presented at China, 2007, (With Rehana Siddiqui and Muhammad Nadim Hanif) 4. Hussain, F. and Qayyum, A, 2003, Stock Market Liberalisations: The South Asian Experience, Fifth Annual Conference of the South Asian Network of Economic research Institutes (SANEI), Colombo, Sri Lanka, from 15-17 August 2003 a. National 1. Dynamic Modeling of Private Investment in Agriculture Sector of Pakistan, Paper Presented at 24th Annual General Meeting of PSDE, Islamabad 2009, (with Imtiaz Ahmed ) 6
2. Energy Demand in Pakistan: A Disaggregate Analysis, Paper Presented at 24th Annual General Meeting of PSDE, Islamabad 2009, (with Muhammad Arshad Khan and Usman Ahmed) 3. Estimating Total Factor Productivity and its Components: Evidence from Major Manufacturing Industries of Pakistan, Paper Presented at 24th Annual General Meeting of PSDE, Islamabad 2009, (with Abdul Rehman, Talat Afza, and Mahmood Ahmed Bodla) 4. Does Monetary Policy Play Effective Role in Controlling Inflation in Pakistan, 2008, International Islamic University, Islamabad 5. Dynamic Modeling of Energy and Growth in South Asia,. Paper Presented at 23rd Annual General Meeting of Pakistan Society of Development Economists, Islamabad, 2008 (with Muhammad Arshad Khan) 6. Testing Wheat Market Integration in the Long Run: A Case Study of Northern Punjab, Pakistan, Paper Presented at 23rd Annual General Meeting of Pakistan Society of Development Economists, Islamabad, 2008 (with Muhammad Sarwar Zahid, and Wasim Shahid Malik) 7. Trade Growth Nexus in Major South Asian Countries, National Seminar on Trade and Economic Growth Linkages, Quaid-i-Azam University Islamabad, Pakistan, June 2007 (with M. Arshad Khan) 8. Financial Sector Reforms and Their Impact on Efficiency of Banks: A Case of Pakistan, Paper Presented at 2nd Annual Conference on Management of Pakistan Economy, Lahore School of Economics, 2007, (with Usman Ahmed and M. Iqbal) 9. The Integration of Financial Markets: Empirical Evidence from South Asian Countries, Paper Presented at 20 th Annual General Meeting of Pakistan Society of Development Economists, Islamabad, 2005, (with H. M. Mohsin) Consultancy Experience: 1 Qayyum, A, (2007) Financial Sector Reforms and The Efficiency of Banking in Pakistan, South Asian Network of Economic Research Institutes (SANEI) 2 Qayyum, A, and Ahmed, Munir (2006), Efficiency and Sustainability of Microfinance in South Asia, South Asian Network of Economic Research Institutes (SANEI) 3 Ahmed, Munir, Qayyum, A, Iqbal, M. and Dorosh, P. (2005), Impact of Domestic Policies Towards Agricultural Trade Liberalization and Market Reforms on Food Security in Pakistan, International Food Policy Research Institute, USA 4 Hussain, F. and Qayyum, A, (2005), Stock Market Liberalisations: The South Asian Experience, South Asian Network of Economic Research Institutes (SANEI) 5 Kemal, A. R., Siddique, R, and Qayyum, A, (2004), Child Labour and Development in Pakistan: A National Policy Study, ILO-IPEC 6 Kemal, A. R., Nasir, Z. M. and Qayyum, A, (2002), Costs and Benefits of Elimination of Child Labour, ILO-IPEC Study 7
Other Experience: 1. Member VC Search 2007 PIDE, Islamabad Committee 2. Member Syndicate 2007-2010 PIDE, Islamabad 3. Member Board of Studies 2007-2006 PIDE, Islamabad 4. Member Board of Studies 2004-2007 PIDE, Islamabad 5. Member Board of Studies 2004-2007 Department of Economics, Gomal University G I Khan, NWFP, Pakistan 6. Member Board of Studies 2001-2006 PIDE PhD Programme, Pakistan Institute of Development Economics, Islamabad 7. Member Board of Studies 1999-2000 Kashmir Institute of Development Studies, University of AJK, Muzaffarabad 8. Member Technical Committee 2002-2004 Macro Modelling Project, Planning Commission, Government of Pakistan, 9. Trustee 1997-2006 Rural Education And Development (READ) Foundation, (Reg) Muzaffarabad, AK. Editorial Experience: 1. Member Editorial Board the Pakistan Development Review 2. Team Leader PIDE Business Barometer 3. Associate Editor, Research Journal Social Sciences, Pakistan (2003 -.. ) Research Society of Social Sciences, Lahore 4. Managing Editor The Kashmir Economic Review, (bi-annual (1998-2000) research journal), Kashmir Institute of Development Studies, University of AJK, Muzaffarabad, AK International Workshops/Conferences Attended: 1. Technical Workshop on the Global Costs and Benefits of Eliminating Child Labour, in Geneva, from 24-26 April 2002. 2. Fifth Annual Conference of the South Asian Network of Economic research Institutes (SANEI), Colombo, Sri Lanka, from 15-17 August 2003. 3. Fifth Annual Conference of the South Asian Network of Economic research Institutes (SANEI), Khatmando, Nepal, from 31st August 01 September 2007. PhD Theses Supervision; (HEC approved Supervisor) a. Completed 1. Muhammad Idrees, 2008, Exchange Market Pressure and Monetary Policy: Pakistan s Case, PIDE 8
2. Imtiaz Ahmed, 2008, Public Sector, Macroeconomic Uncertainty and Private Investment: the Case of Pakistan, PIDE 3. Muhammad Arshad Khan, 2008, Testing the Monetary Approach to Exchange Rate Determination: the Case of Pakistan, PIDE 4. Sajawal Khan, 2008, Lags Effect and Relative Importance of Different Channels of Monetary Policy in Pakistan, PIDE 5. Muhammad Nadeem Hanif, 2008, Financial Development and Economic Growth: Evidence from Heterogeneous Panel Data, PIDE 6. Sujat Farooq, 2011, Department of Economics, PIDE b: Submitted 1. Abdul Rehman, 2010, Working Capital Management and Corporate Performance of Manufacturing Sector in Pakistan Department of Management, COMSATS Institute of Information Technology, Islamabad 2. Sarwar Zahid, 2011, Agricultural Market Integration in Pakistan, Department of Economics, PIDE b. In Progress 1. Saghir Pervaiz Ghauri, 2006-2007, The Impact analysis of Pakistan s Financial Sector Reforms using CGE Modelling, PIDE-PhD programme 2. Samina Sabir, 2009, Department of Economics, PIDE 3. Muhammad Sauood, 2009, International Institute of Islamic Economics, International Islamic University, Islamabad 4. Kashif Munir, 2011, 5. Hafsa Hina, 2011, 6. Muhammad Shahid, 2011, MPhil Theses Supervised a. Completed 1. Muhammad Javed, 2010, Department of Economics, PIDE 2. Sifat Mushtaq, 2011, Welfare Cost of Inflation in Pakistan, International Institute of Islamic Economics, International Islamic University, Islamabad b. In Progress 1. Muhammad Zohib, 2009, Department of Economics, PIDE 2. Hussain Siftain, 2011, 9
MSc Theses Supervised: 1 Hanif, Asma, 1999, Estimation of Consumption Function in Pakistan, KIDS, University of AJK, Muzaffarabad, AK. 2 Ahmed, Usman, 2000, Estimation of Money Supply Function in Pakistan, KIDS, University of AJK, Muzaffarabad, AK. 3 Aslam, Muhammad, 2000, Role of Foreign Aid in the Development of AJK, KIDS, University of AJK, Muzaffarabad, AK. 4 Haroon, Muhammad, 2000, Concept, Measurement and Impact of Black Economy, KIDS, University of AJK, Muzaffarabad, AK. 5 Rizvi, M. Jamshed, 2000, Evaluation of Northern Resource Management Project (NRMP), KIDS, University of AJK, Muzaffarabad, AK. 6 Saim, Muhammad, 2000, The Role of Stock Market in Development of Pakistan Economy, KIDS, University of AJK, Muzaffarabad, AK Computer Skills: MS-DOS, MS-Word, Power Point Econometric / Statistical Package Microfit 4, Eviews 4, Reg-X, RATS, PcGive, PcGets, SPSS 10, Excel 10