Small and Medium Enterprises (SMEs) have got very much importance in the economic growth, employment generation and poverty alleviation in the economy. The annual time series data is used for examination of impact of SMEs on poverty in Pakistan for the period of 1972-2008. The study utilizes Johansen cointegration and error correction mechanism to examine long run and short impacts small scale industries and other explanatory variable on poverty in Pakistan. The results of the study confirm a strong and poverty alleviating impact of small scale industries’ output in Pakistan. The study the economic policy makers to focus on the establishment of formal financial markets to overcome the financial constraints faced by the SME sector in Pakistan. Simplification of lending procedures, enforcement of credit rights, and reduction in credit costs would be helpful for the establishment of robust SME sector in Pakistan.
Global human pollutant activities have raised greenhouse gas (GHG) emissions, which have directly affected the climate. Fossil fuel-based energy has brought a negative impact on the environment and is considered one of the largest sources of GHG emissions. It is envisaged that GHG emissions will increase in the future due to rapid population growth and industrialization. Thus, it is imperative to mitigate climate variability and reduce GHGs by adopting renewable energy (RE) sources for electricity generation. In this regard, the multi-criteria decision analysis (MCDA) process would serve the purpose of framing out energy policy to analyze these environmentally friendly energy sources. This study uses an integrated decision methodology—a combination of Delphi, fuzzy analytical hierarchy process (FAHP), and the fuzzy weighted aggregated sum product assessment (FWASPAS)—for the adoption of RE sources for electricity generation in Turkey. Initially, the study identified five main criteria and seventeen sub-criteria using the Delphi method. Then, the FAHP method was used to evaluate and rank the main criteria and sub-criteria. Finally, the FWASPAS method was used to assess and prioritize five major RE sources for electricity generation. The FAHP analysis indicated that political criteria are the most influential, followed by economic and technical criteria. Further, the FWASPAS method revealed that wind energy is the most significant option for electricity generation. This decision-making process can help the energy planners to utilize RE sources for sustainable development.
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