Creative Writing - Belonging Essay Example for Free

Creative Writing Belonging Essay The clear, bright and enlightening blue skies greet my face as I ponder through my thoughts in my head. The sun blossoms it’s radiating sunlight, which glisten and reflect off the tranquil, wavy sea to reveal elements of a mystifying, inexplicable, yet convivial world. My heart beat pulsates through my ears†¦ so silent and blissful this world of beggaring-description, words could not hope to utter moments like these. It was the idea of confronting, change and experience which led me to this endeavouring challenge of discovery. In preceding life, â€Å"discovery† was but a mere artwork to me; its extravagant detail painted an image which took me to a new world of the unknown. Its colours merged and intertwined, creating infinite pathways for life to take me far beyond the norm. But, it was just a painting. Vibrant as the sky could ever be, inhabitants of birds and seagulls cluster amongst the sky’s surface to shadow various regions of radiation. Numerous shades of varying size, shape and darkness swam steadfast past my eyes, stimulating diverse light shades across the sea surface. I travel along a path to encounter countless fish as their scales unleash myriad hexagonal-structured reflections, capturing every single colour of the rainbow. I touch the water and an instant sensation crawled through my fingertips, as the water almost desiccated back down my finger, revealing wondrous ripples. The constant expansion and flow of ripples developed into motions of diffracting sunlight which followed a distinct pattern of iridescent white light. The sea so pure, its reflections illuminated my face with the pattern of the undulating water flow. A flash before my eyes re-writes the memoirs of my past life solitary and confined to the one passageway of safety and security. Ironic is it not? That such an introverted life could lead to the feeling of belonging to something ordinarily worthwhile, or to conduct a life of normality. I still hear a screech suddenly exerted from the fancy convertible making an unceremonious turn, piercing the dusk, still fog of night. The periodic fear of tomorrow, dreading what society had in stall for me. A vision of â€Å"my world† was painted bit by bit, colour by colour and section by section; a world of drifting into the crystalline sea far beyond human sight. It shimmered into this blazing, crimson sunset that protrudes colours of red, white and tinted blue clashing and smashing, latticing over and over again, against one other only to produce an amalgamation of beautified hope and warmth, resulting in this augmentation of sanctity, safety and assurance. A world I longed to belong†¦ I always questioned myself, repeatedly over and over and over again about my identity, destiny and independence. Was it really necessary to do what I did? To precariously determine my own destiny, where life was to be lived unknowingly? To see my father tremulous and mother on her knees, with her hands drenched in tears. A sudden emotion of fear and regret struck my heart in its centre, but also a sigh of relief. I was suddenly brought back to reality by the roar of the motor. The consistency of ripples flowing causes my reflection to distort with the scaly and incandescent rays from the schools of fish and the sun’s protruding rays of warmth and somewhat, hope. I closed my eyes for a few seconds to relax and enjoy this free moment†¦ 1|Page Jason Chan Year 12 Ms. Sake However, I felt a drop of water plummet on the right side of my cheek. My heart froze for a micro -second, dreading to open my eyes as I assumed for the worst. I hear the deafening silence of the waves, on the brink of a complete halt in their tranquil motion. No longer did the extravagant light shower the crystal sea, nor did the birds flourish over the sky. Foul-coloured fluffs of clouds conquered the remaining essence of light the sky had to offer. Cataclysmic roars of thunder clashed in every direction, ringing my ear drums heavily like lava and debris suffocating the mountain sides. â€Å"My world† I belonged to flashed for one second and I saw the usual back gate with a pathway leading my innate mind to the cataleptic regret. It was then I compelled myself up knowing it was and is finality. I remember clearly tilting my head to the side, seeing the sun’s arms reaching through the minute openings of my curtains, greeting my face and mind, pondered with thoughts and feelings of beggaring description. My face heated up, my hands trembled, my fingers shook hysterically as I held the key to freedom, and a drop of water plummeted from the right side of my cheek onto the pure, hue labelled, â€Å"Father and Mother†. That final tear symbolised the very last essence of me, only to distribute out and smudge the ink. Nevertheless, I told myself my world is and always will be created by me, so I relieved myself of intense emotion and wiped my tears away, got my bag and strode with pride to my new world. The sight flashed again, bringing me to a world of catastrophe, as lightning collapsed from the sky as if Zeus had deliberately done so. My fear multiplied as fast as the rain drops fell. I felt a gush of aggravated wind fly past my hair at a ghastly speed. A continuation of heaviness impeded my stability as the turbulent sea rocked like an exacerbated avalanche. It was as if the glistening, crystal sea has become the enemy, the hardship, a hurdle to overcome – my world had become my enemy. I grasp the sides of my capsule with my sweat-bear hands, clenching in fear for my life. Spontaneously, words of my cataleptic regret begin surging in and out, left, right and centre of my mind†¦

Triangle Shirtwaist Fire Essay -- essays research papers

Triangle Shirtwaist Fire   Ã‚  Ã‚  Ã‚  Ã‚  Near closing time on Saturday afternoon, March 25, 1911, in New York City a fire broke out on the top floors of the Asch Building in the Triangle Shirtwaist Company. One of the worst tragedies in American history it was know as the Triangle Shirtwaist Fire. It was a disaster that took the lives of 146 young immigrant workers. A fire that broke out in a cramped sweatshop that trapped many inside and killed 146 people. This tragedy pointed out the negatives of sweatshop conditions of the industrialization era. It emphasized the worst part of its times the low wages, long hours, and unsanitary working conditions were what symbolized what sweatshops were all about. These conditions were appalling, and no person should ever be made to work in these conditions. Before this tragedy occurred the suffering of the workers was very evident. Take for instance this first hand account by Sadie Frowne. â€Å"My name is Sadie Frowne. I work in Allen Street (Manhattan) in what they call a sweatshop. I am new at the work and the foreman scolds me a great deal. I get up at half-past five o’clock every morning and make myself a cup of coffee on the oil stove. I eat a bit of bread and perhaps some fruit and then go to work. Often I get there soon after six o’clock so as to be in good time, though the factory does not open till seven. At seven o’clock we all sit down to our machines and the boss brings to each one the pile of work that he or she is to finish during the day—what they call in English their â€Å"stint.† This pile is put down beside the machine and as soon as a garment is done it is laid on the other side of the machine. Sometimes the work is not all finished by six o’clock, and then the one who is behind must work overtime. The machines go like mad all day because the faster you work the more money you get. Sometimes in my haste I get my finger caught and the needle goes right through it. It goes so quick, though, that it does not hurt much. I bind the finger up with a piece of cotton and go on working. We all have accidents like that. All the time we are working the boss walks around examining the finished garments and making us do them over again if they are not just right. So we have to be careful as well as swift. But I am getting so good at the work that within a year I will be making $7 a w... ...being held accountable, the city officials themselves were also held accountable because of improper safety regulations. Showing that the city itself should be at fault for not enforcing safety regulations for such things as fire escapes, that were not in working order. These unprecedented circumstances just lay down the blueprint for what is now the correct way to set regulations for industrial factory conditions. With these commissions in place, tougher legislation, laws, ordinances, and precedents that will be in place working together to rid the world of these horrible sweatshops. As well as the devastating circumstances they can bring in such occurrences as fires or other natural disaster events. Even though almost ninety years later sweatshops still exist. These sweatshops at the present day are almost unheard of here in America, but continue to be in foreign third world countries. As horrible as it is to say the Triangle Shirtwaist Fire turned out to be a very helpful life changing turn around for hundreds of thousands of people, it turns out that many positives have come out of it. Its just too bad that such a tragedy had to come about to make such significant changes.

Kung Fu Panda: Convergence and Interactivity

Convergence means coming together, merging or meeting. Advancement in technology has allowed bringing together different media to a single platform thus providing more functionality and services to the consumers (Convergence, 2004).Interactivity is the â€Å"degree to which users can make choices within an environment† (Web3D Part5: Glossary, 2006).   Interactivity has always existed to a degree in one form or another however with the Internet and advancement in media users have more choice and flexibility and they can also modify content to suit their own requirements.This paper presents a critical analysis of a website and assesses how convergence has allowed using old media in new ways and affected user interactivity.Traditionally movies have been advertised through billboards, pamphlets, posters, advertisements on radio, television and in newspapers and also short trailers at cinemas prior to the start of another movie. These advertising methods have been costly, as othe r than the production cost they also involve high broadcasting costs. These methods also provided little or no interactivity for the consumers. Popularity of the internet, and remarkably lesser production and broadcasting costs have resulted in internet advertising becoming necessary for economic survival in the competitive world of movie distribution. TNS Media Intelligence (Foote, 2007) forecasts increase in US advertisements, with Internet advertising continuing with double digit growth.Kungfupanda.com is an example of a website which has converged, brought together, images, text, audio and video from the traditional mediums of movie advertisement to a single platform, the Internet, providing consumers with enhanced levels of functionality, services and interactivity.On visiting the KungfuPanda website the user is presented with an introductory screen which states the release date of the movie in US and also has a link to the worldwide movie release dates. If the user is interest ed in viewing the webpage in another language, there is a choice of 8 different languages. The user can simply select the country’s flag and a new KungfuPanda window opens in that language. With traditional medium the movie distribution company would be required to produce advertising material separately for each of the 8 languages which would be costly. With the Internet it is relatively easy to translate a webpage in different languages.If the user is only interested in viewing the trailer for the movie they can click on the link, however, for a user who is interested in finding more about the movie he/she can click on the ‘Enter the Site’ link. In this way KungfuPanda website has provided interactivity and given its customers flexibility and control of how they view the website and how long, or in much detail they view the website.On clicking the ‘Enter the Site’ link the viewer is presented with an array of humorous and colourful animation. The s ite has very strong visual and auditory impact. The user can scroll back and forth along the linear window through the animated scenery and can choose a character or a building. Upon clicking on an object the user is sent to an additional page dedicated to the chosen character.It gives an account of the various strengths and weaknesses and hopes and aspirations of the character. It also gives the viewer the option to download emoticons, wallpapers, screensavers etc. This functionality of each character breaking apart into a separate page gives the advertiser far more scope to sell the character and to brand it.  Ã‚   To promote the movie and make it more appealing for the children the site also provides activity sheets and colouring pages.The site is not fully complete as on number of links it states ‘coming soon’. The site also assumes that the users have high speed internet connection. A website with such strong visuals and animation would take very long to load wit h a slow dialup connection which could prove to be very frustrating for the users. The users should have been given a choice to select the kind of internet connection they have and the site then presented accordingly.There are a number of negative social implications that can be associated with this website. The premise of the KungfuPanda website is purely economic gains; it is wrapped up in a colourful product aimed at children.   By having a good understanding of the child psychology, the advertisers have used â€Å"pester power†, â€Å"brand recognition† strategies to target the children. This endeavour of using child psychology for a successful marketing campaign has been deemed unethical by some (How Marketers Target Kids, n.d.).It should be noted that martial arts can be considered a violent sport. KungfuPanda site however depicts martial arts in a comedic light and encourages teachers, parents and martial arts instructors to bring children in groups. The site has an external link for group sales.By giving users free downloads they may be tricked into thinking that these are sincere gifts from the movie distributors/advertisers, but in fact they are being used by the advertiser to broaden their campaign. Being an award winning site, KungfuPanda has succeeded in further spreading its advertising tentacles by being listed on the creative website awards (CWA) and favorite website awards page (FWA). The technical and visual prowess of the site  helps more people to learn about the product it sells, in turn creating a reciprocal  type of advertising to the site that hosts the awards.Kungfupanda.com is a good example of how movie advertisement has converged from the traditional mediums and has had economic effects on distribution costs. All the previous methods of film advertising have converged into a slick portal with the added layer of interactivity and user choice. However, with convergence, increased flexibility and interactivity there are also many social implications that must be given careful consideration.ReferencesConvergence, (2004), [Internet], [email  protected] Available from: [Accessed 15th March 2008].Foote, A. (2007), News, [Internet], TNS Media Intelligence. Available from:< http://www.tns-mi.com/news/01082007.htm> [Accessed 15th March 2008].How Marketers Target Kids, (n.d.), [Internet], Media Awareness Network, Available from: < http://www.media-awareness.ca/english/parents/marketing/marketers_target_kids.cfm>  Ã‚   [Accessed 15th March 2008].Web3D, Part 5: Glossary, (2006), [Internet], Reality Prime, Available from: < http://www.realityprime.com/articles/web-3d-part-5/>   [Accessed 15th March 2008].

Determinants Of Foreign Direct Investment In Pakistan - Free Essay Example

Sample details Pages: 11 Words: 3296 Downloads: 9 Date added: 2017/06/26 Category Statistics Essay Did you like this example? CHAPTER 1: INTRODUCTION Overview Globalization which gave birth to the concept of interdependence of countries and their economies is defined as the process through which regional economies, societies, and cultures have become integrated with the assistance of global network of trade, communication and transportation. This allowed the investors to invest or transfer their capital where ever they wanted which introduced the concept of Foreign Direct Investment. Issues: Since the recent financial crisis in Asia and Latin America, developing as well as newly industrialized countries have been advised to rely mainly on FDI for economic development and to supplement national savings by capital inflows. Developing countries in particular are in need of investment for their development and the investment amount in majority of cases is greater than the capital internally available. Therefore, FDI has emerged as most important source of generating capital required for development of emerging countries. Currently Foreign Direct Investment has become one of the major sources of economic development, modernization, employment, income growth, capital generation and a channel for the transfer and access to advance technologies as well as organizational and managerial skills. Recognizing this fact, developing countries try their level best to attract as much as of FDI as they can. But attracting FDI is not that much simple, it requires huge efforts on the part o f policy makers and government. Variety of factors is considered by an investor before making investment in a particular country. Those are labeled as determinants of FDI, and may vary from country to country. Pakistan is currently facing a huge shortfall of capital to finance its major development projects and to run the government operations smoothly. The country requires capital to fulfill the growing needs in defense, infrastructure, education and many other areas of critical importance to development. Don’t waste time! Our writers will create an original "Determinants Of Foreign Direct Investment In Pakistan" essay for you Create order 1.2 Problem statement The objective of this research is to identify the major determinants of the aggregate Inward FDI flow to Pakistan. 1.3 Hypothesis The research primarily focused on testing the following mentioned hypothesis: H1: Wage has negative impact on FDI. H2: GDP has positive impact on FDI. H3: Infrastructure expenditure has positive impact on FDI. H4: Taxes has negative impact on FDI. H5: Inflation has negative impact on FDI. H6: GDP per capita growth has positive impact on FDI. H7: Exchange rate has positive impact on FDI. H8: Interest rate has negative impact on FDI. 1.4 Outline of the Study 1.5 Definitions Users: This research will be useful for the national policymakers and government of Pakistan; it will allow them to improve the weak points present in the economy which discourage the FDI inflows to the country. CHAPTER 2: LITERATURE REVIEW A lot of research has already been conducted in the field of identifying the best determinants of Foreign Direct Investment by various researchers. Most of the research work conducted implies that the determinants of Foreign Direct Investment vary from country to country and from location to location. The purpose of this research is to find out the impact of Labor cost (Wage), Inflation (I),Interest rate (IR), Exchange rate (ER), Infrastructure expenditure (IE), Taxes (T), GDP and GDP per capita growth (GDPG) on Foreign Direct Investment (FDI) inflow in Pakistan. The study hypothesizes positive relationship between GDP, GDP per capita growth, Infrastructure expenditure and Exchange rate with FDI whereas Wage, inflation, Taxes and Interest rate relate negatively with FDI. Pursuing the same objectives Kok and Ersoy (2009) conducted study that made attempt to investigate the best determinants of FDI in developing countries. Study hypothesized and concluded that GDP, inflation, Trade, Gross capital formation, GDP per capita growth and communication (telephone) are positively related with FDI whereas inflation and total debt/ GDP had negative relationship. Barrel and Pain (1996) in their empirical studies found that FDI and both the acceleration and level of GNP were positively related. In addition unit labor cost and relative capital cost also had positive relationship with outward direct investment. Barrel and Pain et al suggest that in short run funds availability affects investment timing. This research is very much related to mine because it tried to identify the role played by demand and relative factor prices, both at home and abroad, and exchange rate expectations in determining the total level of foreign direct investment (FDI) by United States c ompanies. According to Janeba (2002) investment costs and government credibility has significant impact on the level of inward foreign direct investment, suggesting that MNCs would prefer to invest in politically stable countries. The research also concluded that when any politically unstable country has cost advantage over other countries MNC will invest efficient amount in that particular country and will hold excess capacity elsewhere. According to the Conventional wisdom lack of government commitment deters foreign investment in developing countries. Since countries differ in production costs and government credibility, this article explains the pattern of investment in a politically risky world. The research work done by Harvey (1990) focused on the macroeconomic determinants of FDI in addition to variables relating to different industry groups and tries to identify the impact of these variables on the inward FDI flow of the recipient country and suggested that Exchange rate an d Sales to have significant impact on the foreign direct investment, whereas taxes did not have any significant role in explaining foreign direct investment. Following bit different framework research conducted by Rolfe, Ricks, Pointer and McCarthy (1993) made an attempt to check investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ investment decision on the basis of various investment incentives provided by countries in the Caribbean region. The study demonstrates that all inducements do not evenly plea to all investors. The investment characteristics would determine which incentives firm manager will prefer. According to the study incentives preferred by export firms differ from local market-oriented firms, firms starting operations in a new country have different incentive preferences than do firms interested in expanding or acquiring existing operations, incentive preferences sometimes differ by country of investment, incentives differ depending upon the products produced, large investors prefer different incentives than those preferred by smaller firms and incentive preferences can differ from year to year. In short the research concluded that incentive pref erences are a function of the type of investment, the countries involved, the market orientation of the investor, the type of product, the size of the investment, and the investment year. Terpstra and Yu (1988) tried to examine the impact of firm-specific advantages and locational factors on the foreign investment made by advertising agencies of U.S study focused on impact of host country market size, host country geographic proximity, firm size, firms international operations experience, oligopolistic reaction, and presence of home country customers abroad on FDI. The research depicted that U.S. advertising agencies prefer to invest in those foreign countries having large market size, did not discriminated countries on the basis of their geographic location, inclined to enter foreign market with bigger firm size, tended international expansion with increasing understanding of international operations, reacted oligopolistically while making foreign investment and followed client firms belonging to home country while going abroad. Additionally research found that oligopolistic reaction had stronger impact in 1984 compared to 1972, intensity of competition had significa nt impact on oligopolistic reaction and top agencies witnessed stronger impact of oligopolistic reaction. Study uses macroeconomic variables but more emphasis was given to various ratios relating to capital and labor, it also used à ¢Ã¢â€š ¬Ã…“The Heckscher-Ohlin Theoryà ¢Ã¢â€š ¬? which states that a country exports those commodities that intensively use the countrys relatively abundant factors and imports those goods using its scarce factors intensively. Results indicated that countries like U.S. imported goods whose production required higher capital to labor ratio than the goods exported and when the endowment ratio of capital/labor increased the ratio of capital for each worker in import-competing production to capital for each worker in export production declined (Baldwin 1979). Gopinath and Echeverria (2004) examined the relationship between foreign direct investment (FDI) and trade in a bilateral context, that is, home (source) countrys exports and FDI to a host (recipient) country are analyzed using a gravity-model approach. Results suggested that physical distance had negati ve impact on trade-FDI ratio, this caused nations to switch from export to FDI based manufacturing. Research also found GDP per capita to affect trade-FDI ratio positively and institutional quality strongly encouraged FDI, additionally FDI was also encouraged by regional trading agreements. The empirical study conducted by Goldberg and Kolstad (1995) stated that exchange rate instability contributed to production internationalization without depressing economic activity in the home country. Furthermore, exchange rate instability stimulated the share of investment activity located on foreign country. Exchange rate volatility did not have statistically different effects on investment shares when one distinguishes between periods where real or monetary shocks dominate exchange rate activity. Yin (1999) studied the effects of tax incentives on the structure of a domestic industry in terms of price, output, profit, and entry/exit, taking account of technology transfer through FDI. The study found that if the government of the host country provides more tax relief for foreign firms, it will raise total output and reduce price index which will encourage more foreign firms to enter the industry while certain existing host firms will have to exit. Research also suggested that government should be cautious in decreasing rate of taxes to attract FDI. Vita and Kyaw (2008) used empirically tractable structural VAR model of the determinants of capital flows and variance decomposition and impulse response analyses to investigate the temporal dynamic effects of shocks to push and pull factors on foreign direct investment and portfolio flows. Study suggested that variation in real variables representing economic activity for example domestic productivity and foreign output possess more power in explaining variability in investment flows to developing nations. This research developed structural VAR model to test relative importance of the determinants of disaggregated investment flows to developing countries. The study investigated the degree to which deviations in foreign direct investment and portfolio flows are caused by variety of push and pull factors across different time horizons. Chen, Chen and Ku (2004) analyzed the pattern of local linkages in foreign direct investment (FDI), treating such local linkages as an investment in local relationships research found that Taiwanese investors in the US are more active in the search of local linkages compared to counterparts in China and Southeast Asia. Research found investors in a producer-driven network are more active in building local linkages than their counterparts in a buyer-driven network. In addition large firms are more active than small firms in pursuing local linkages because of their larger capacity to absorb the risks involved in network integration and their ability to apply relational capital on a larger volume of exchanges. Entry mode also makes a difference to local linkage: FDI taking the form of a joint venture leads to more local linkages than FDI in the form of a wholly owned subsidiary. Amongst the various local linkages, employment of local workers is always the priority undertaking, followed by linkages to local suppliers, local subcontractors and local RD capabilities. Studying the impact of FDI on aspects of domestic economies, including international trade, gross fixed capital formation (GFCF), employment, productivity, the balance of payments and overall welfare Hejazi and Pauly (2003) found that FDI was motivated by market access and factor price differences, and on the role of intra-firm trade. According to the research prediction of whether growth in outward FDI will increase or decrease domestic GFCF is not possible. Therefore, comparisons of such growth relative to growth in inward FDI can be a misleading indicator for policy makers. Since the impact of FDI on domestic GFCF depends on the underlying motivation for investment, and not simply on the growth in outward relative to inward FDI, the results are of interest to all countries. The implication of results stated that rapid growth in outward FDI, relative to inward growth, should not be considered as a negative development, and may reflect success. Chen (1996) suggested that potential for market share extension (MARKET) affects FDI, labor cost (WAGE) does not affect FDI, foreign investors seem to have taken advantage of the western regionà ¢Ã¢â€š ¬Ã¢â€ž ¢s mineral and energy resource abundance regardless of its lower allocative efficiency, interregional railroad connections are important in the foreign investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ locational choice and foreign investors may not locate near innovative domestic Chinese industries in the eastern and middle regions. The significance of the results obtained is that, the location of FDI seems to have been influenced by the existence of good transportation linkages, technological filtering and, to some extent, by the potential for market-share extension. Locational choice does not seem to have been influenced by consideration of labour cost differences or differences in allocative efficiency. According to the neoclassical growth model, labor growth and technological progress are considered as exogenous, inward Foreign Direct Investment(FDI) will lead to increase in the investment rate and which will ultimately lead to increase in the growth of per capita income but the growth effect will not last in the long run (Hsiao and Hsiao, 2006). Papanek (1973) showed significant negative impacts of different types of capital on national savings. Grounded on a sample of 85emerging countries, Papanek found that foreign capital displaced domestic savings. Precisely, the research exhibited that foreign aid, private investment and other capital crowded out national savings, and a reduction in domestic savings could lead to further increase on the dependency on foreign capital. The empirical studies of Cushman (1985) based U.S. bilateral FDI outflow and inflow data concluded that exchange rate variability had positive relation with set of flows. Connor (1983) conducted research which focused on inward as well as outward flow of FDI. The study divided country specific advantages into three categories FDI Probability, FDI Propensity and FDI Penetration and their impact on FDI. Larudee and Koechlin (1999) research focuses on the wages or labor costs and productivity in terms of production costs as the determinants of FDI. This research uses sweatshop labor argument which relies implicitly on the simplistic trade theory assumption that all firms in a country have access to the same technology. But both MNE theory and abundant evidence assert the contrary: an MNE affiliate derives its labor productivity in significant measure from the firm-specific advantages it brings with it. The differential between source and host country in average manufacturing wage should therefore be an independent determinant of FDI flows. CHAPTER 3: PROPOSED METHODOLOGY 3.1 Method of Data Collection The secondary data necessarily required to perform the research was gathered from the official sites of The World Bank and The State Bank of Pakistan. Additionally, some of the required data was abstracted from the book Statistical Supplement and Yearly Book both being published under the supervision of State Bank of Pakistan. 3.2 Sample Size The data used for the purpose of research was 30 years annual data of the variables used in research. Data of all the variables belonged to period starting from fiscal year 1980 to fiscal year 2010. 3.4 Research Model developed FDI= ÃŽÂ ± + ÃŽÂ ²0GDP + ÃŽÂ ²1GDPG à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²2Wage- ÃŽÂ ²3I + ÃŽÂ ²4ER + ÃŽÂ ²5IE à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²6T à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²7IR +  µ Where FDI = Net amount of Foreign Direct Investment received by Pakistan Wage = Annual wages paid to a worker, I = Inflation, IR = Interest rate, ER = Exchange rate (ER), IE = Infrastructure expenditure, T = Taxes, GDP, GDPG = GDP per capita growth rate. 3.3 Statistical Technique Multiple Regression was the statistical technique which was applied to test the hypothesis developed in research. This technique was applied because both the dependent variable and independent variables were scale and under this situation the prediction power of regression analysis is stronger as compared with the other statistical techniques available. CHAPTER 4: RESULTS 4.1 Findings and Interpretation of the results The results drawn by applying Multiple Regression analysis were as follows: Table: 4.1 ANOVA Model Sum of Squares df Mean Square F Sig. 1 Regression 2.524E39 4 6.310E38 1426.142 .000a Residual 1.106E37 25 4.424E35 Total 2.535E39 29 The Anova table explains the model fit, the F-test is statistically significant, which means that the model is statistically significant, as the sig. value in the Anova table is less than .05 therefore the model fit is good and regression can be applied on the data. Table: 4.2 Model Summary Model R R Square Adjusted R Square Std. Error of the Estimate Durbin-Watson 1 .998a .996 .995 6.65146E17 2.744 The model summary table explains what amount of variance in the dependent variable is explained by the independent variables. The value of R-square is .996 which means that approximately 99.6 % of the variance of SQDFDI is accounted for by the model and only .04 % of the variance remains unexplained. Independent variables were square of Infrastructure Expenditure (PSDP Fund), Interest Rate (IR), Inflation (I) and Exchange Rate (ER) and the dependent variable was Square of Net Foreign Direct Investment (SQDFDI). Table: 4.3 Coefficients Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) -9.595E17 7.703E17 -1.246 .224 Inflation -8.806E16 3.960E16 -.037 -2.224 .035 .640 1.562 Interest Rate 2.047E17 6.261E16 .045 3.270 .003 .920 1.086 Exchange rate -5.646E16 9.021E15 -.125 -6.259 .000 .440 2.273 IE 1.654E8 3349513.619 1.094 49.392 .000 .356 2.809 The co-efficients table shows the significance of individual independent variable in explaining the dependent variable. In the final model square of Infrastructure Expenditure (PSDP Fund), Interest Rate (IR), Inflation (I) and Exchange Rate (ER) were the statistically significant variables. The effect of Inflation (b= -8.806, p=.035) is significant and its coefficient is negative indicating that the greater the inflation rate, the lower the Foreign Direct Investment. The value of beta indicates that 1 unit increase in inflation will decrease FDI by 8.806 units. Similarly, the effect of Interest Rate (b= 2.047, p=.003) is significant and its coefficient is positive indicating that the greater the value of interest rate, the higher the amount of FDI received. The value of beta indicates that 1 unit increase in interest rate will increase FDI by 2.047 units. Next, the effect of Exchange Rate (b= -5.646, p=.000) is significant and its coefficient is negative indicating that the greater t he exchange rate, the lower the amount of FDI. The value of beta indicates that 1 unit increase in exchange rate will decrease FDI by 5.646 units. Finally, the effect of Infrastructure Expenditure (b= 1.654, p=.000) is significant and its coefficient is positive indicating that the greater the amount spent by government on infrastructure, the higher the amount of FDI the country will receive. The value of beta indicates that 1 unit increase in amount of infrastructure expenditure will lead to an increase of 1.654 units in FDI. Empirical Model Developed FDI = 1.654 Infrastructure Expenditure + 2.047 Interest Rate 5.646 Exchange Rate 8.806 Inflation 4.2 Hypothesis Assessment Summary H. # Hypothesis ÃŽÂ ² Sig. Result H1 Wage has negative impact on FDI Nil H2 GDP has positive impact on FDI H3 Infrastructure expenditure has positive impact on FDI 1.654 .000 Accept H4 Taxes has negative impact on FDI H5 Inflation has negative impact on FDI -8.806 .035 Accept H6 GDP per capita growth has positive impact on FDI H7 Exchange rate has positive impact on FDI -5.646 .000 Reject H8 Interest rate has negative impact on FDI 2.04 .003 Reject CHAPTER 5: DISCUSSION, CONCLUSION, IMPLICATIONS AND FUTURE RESEARCH 5.1 Conclusion Foreign direct invest being the most important factor in the development of developing countries likewise Pakistan. From recent years there has been great fight going on among LDCà ¢Ã¢â€š ¬Ã¢â€ž ¢s from all over the world to attract higher amount of FDI to fuel their economic growth. This research was intended to find out the impact of macroeconomic variables including GDP, GDP per capita growth rate, Interest rate, Inflation rate, Wage rate, Exchange rate, Tax rate and Infrastructure expenditure (PSDP fund) on the inflow of Foreign Direct Investment in Pakistan. The relationship between wage rate (W) and FDI could not be established because insufficient data was available on the annual wage rate in the country. GDP, GDP per capita growth rate and Tax rate were statistically insignificant in contributing in the final model. The most significant variables in the model were Inflation rate and Exchange rate; both had negative relation with FDI inflow having beta of -8.806 and -5.646 re spectively. Interest rate and Infrastructure expenditure (PSDP fund) were positively related with FDI inflow having beta of 2.047 and 1.654 respectively. 5.2 Discussion 5.3 Implications and Recommendations 5.4 Future Research