This study investigates current research trends in co-production studies and discusses conceptual approaches. The conceptual paper contains studies on co-production in the field of public administration. This study identifies significant gaps in the field of study by systematically examining 32 co-production research works. The study’s contributions include (1) defining two common characteristics of co-production, (2) classifying three forms of co-production by end-users, and (3) discovering that the aims and performance of co-production are more effective for service providers when the strategy is citizen-centric. Future research should (1) concentrate on the reasons for co-production failures or successes, (2) identify additional barriers to co-production in service production, (3) investigate influences on service providers as well as structural impacts on the co-production process, and (4) provide practical assessments of co-production research.
The stock markets in developing countries are highly responsive to breaking news and events. Our research explores the impact of economic conditions, financial policies, and politics on the KSE-100 index through daily market news signals. Utilizing simple OLS regression and ARCH/GARCH regression methods, we determine the best model for analysis. The results reveal that political and global news has a significant impact on KSE-100 index. Blue chip stocks are considered safer investments, while short-term panic responses often overshadow rational decision-making in the stock market. Investors tend to quickly react to negative news, making them risk-averse. Our findings suggest that the ARCH/GARCH models are better at predicting stock market fluctuations compared to the simple OLS method.
The rapid advancement of digital technology has transformed how investors gather financial information, with platforms like Google Trends providing valuable insights into investor behavior through the Google Search Volume Index (GSVI). While the relationship between the GSVI and market behavior has been explored in developed markets, its application in emerging markets like Pakistan remains underexplored. This study investigates how investor attention, measured by the GSVI, influences market volatility, liquidity, and stock price movements in the Pakistan Stock Exchange (PSX), using weekly data from the KSE-100 Index between 2019 and 2024. The findings reveal that the GSVI significantly impacts market volatility and liquidity, particularly in retail-driven markets with high information asymmetry. Additionally, this research shows that the GSVI is a reliable predictor for stock price fluctuations, with heightened investor attention correlating with increased market activity. Despite the limitations of the GSVI in fully capturing investor sentiment, this study contributes to behavioral finance literature by demonstrating the role of digital information flows in shaping market behavior in emerging markets. It offers actionable insights for investors, financial institutions, and policymakers in Pakistan while suggesting areas for future research in applying the GSVI to global contexts and exploring alternative proxies for investor sentiment in emerging economies.
The purpose of this study is to explore conceptual approaches in co-production studies and to examine current research trends of the study. The conceptual paper includes research articles related to co-production in public administration field. By thoroughly scrutinizing 32 research works of co-production, this study highlights major loopholes in the field of the study. The contributions of the study are: (1) identifying two common characteristics of co-production, (2) categorising three types of co-producing by end-users, and (3) finding that goals and success of co-production are more beneficial for service providers though its initial approach is citizen-centric approach. We suggest that future studies should be (1) to focus on reasons for co-production failures or success, (2) to discover further hindrances for co-production in service production, (3) to examine influencing factors on service providers as well as institutional impacts on co-production process, and (4) to include practical assessment in co-production study.