the direct and indirect impact of pharmaceutical industry in economic expansion and job creation: evidence from bootstrapping and normal theory methods
Clicks: 158
ID: 251634
2018
The objective of this research article is to examine the role of Pakistan’s pharmaceutical
industry in job creation opportunities, with the sacred intention to eradicate poverty, and
expansion in economic activities. This research is quantitative in nature, and the data is directly
gathered through closed-ended questionnaires from 300 respondents. Besides predictors’, four
mediating variables have also been taken into consideration that contribute indirectly in job
creation opportunities. Bootstrapping and Normal theory methods have been employed in
order to examine the impact of predictors’ and mediating variables. The result of this research
confirmed that pharmaceutical industry plays a vital role in job creation in Pakistan. It is further
concluded that the pharmaceutical industry has a direct and significant impact in job creation
by providing indigenous and direct job opportunities in sales, marketing, and other supporting
departments for both skilled and unskilled workers. Pharmaceutical industry also provides
indirect job opportunities through other industries, which are very much linked with this
industry, such as: pharmaceutical distributors, dealers, retailers, wholesalers, hotel industry,
and event management industry. It is also determined that pharmaceutical industry is acting
like knowledge and skills imparting institutions. Therefore, skilled-based training and
organizational learning are major mediating variables that transform unskilled people into
human assets, which further trigger the future job prospects. Since pharmaceutical industry is
one of the biggest industries in Pakistan, providing plenteous opportunities of new jobs with
consistent growth. Thus, mediating variables such as motivation and interpersonal influence
also preceded an active role in new job creation
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Authors | ;Rizwan Raheem Ahmed;Jolita Vveinhardt;Dalia Streimikiene |
Journal | international journal of algebra and computation |
Year | 2018 |
DOI | 10.24818/EA/2018/48/454 |
URL | |
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