Beaconhouse National University (BNU)

Dr. Ghulam Ghouse (PhD) is an Associate Professor in the Department of Economics at the School of Management Sciences, Beaconhouse National University (BNU). He holds a PhD in Econometrics from the Pakistan Institute of Development Economics (PIDE), Islamabad, where his research focused on refining the ARDL model as a remedy for spurious regression. His academic journey includes an MPhil in Econometrics from PIDE and an MA in Economics from the University of Punjab, equipping him with a strong foundation in microeconomics, macroeconomics, statistical modeling, and data visualization. With expertise in applied econometrics, financial modeling, and time series analysis, Dr. Ghouse has contributed significantly to research on economic linkages, financial markets, and predictive analytics.

Dr. Ghouse has extensive teaching and research experience, having served as an Assistant Professor at the University of Lahore before joining BNU. He has also been a visiting faculty member at prestigious institutions such as Quaid-e-Azam University and BNU, teaching courses on Econometrics, AI-driven data analytics, and programming languages like Python and R for economic applications. Beyond academia, he has worked as a data analyst and research associate in various capacities, including projects on mutual fund performance in Saudi Arabia at La Trobe University, Australia, and financial data analysis at private firms. His consultancy roles for the Punjab Planning and Development Board reflect his commitment to policy-oriented research, having contributed to the Punjab Growth Strategy 2028 and the Punjab Public Expenditure Review.

As an academic and researcher, Dr. Ghouse is dedicated to bridging the gap between theoretical econometrics and real-world applications. His work emphasizes leveraging data science and computational tools to solve economic challenges, making significant contributions to curriculum development and student mentorship. At BNU, he continues to inspire the next generation of economists by integrating innovative research methodologies with practical learning, fostering a dynamic and interdisciplinary academic environment.

• PhD in Econometrics, Department of Econometrics and Statistics, Pakistan Institute of Development Economics, Islamabad
• MPhil in Econometrics, Department of Econometrics and Statistics, Pakistan Institute of Development Economics, Islamabad
• M.A. in Economics. University of the Punjab, Lahore

Academic and Research Experience

• Associate Professor, Department of Economics, School of Management Sciences, Beaconhouse National University (2024-Present)
• Associate Professor, Department of Economics, The University of Lahore (2024)
• Assistant Professor, Department of Economics, The University of Lahore (2020-2023)
• Lecturer (Visiting), Introduction to Python (With AI Applications), School of Economics, Beaconhouse National University (2023-2024)
• Lecturer (Visiting), Econometrics-II, School of Economics, Beaconhouse National University (2023-2024)
• Lecturer (Visiting), Econometrics-I, School of Economics, Beaconhouse National University ( 2023)
• Lecturer (Visiting), Introduction to R (With AI Applications), School of Economics, Beaconhouse National University (2023)
• Lecturer (Visiting), Time Series Econometrics, School of Economics, Quaid-e-Azam University (2018)
• Lecturer (Visiting), Econometrics, School of Economics, Quaid-e-Azam University (2017-2018)
• Lecturer (Visiting), Computer Skills for Social Sciences, School of International Relations, Quaid-e-Azam University (2017)
• Lecturer (Visiting), Business Mathematics and Statistics, Business School (2016-2017)
• Data Analyst, Islam Pharmaceutical, Sialkot (2019-2020)
• Research Associate, Mutual Funds Performance in Saudi Arabia, Business School, La Trobe University, Australia (2018-2019)
• Financial Data Analyst, Islam Medical Center, Sialkot (2015-2018)
• Research Analyst, Research and Data Analysis, Global Institute, Lahore (2013-2015)
• Lecturer, Quaid-e-Azam Postgraduate College, Gojra (2012-2013)

Consultancy

• Consultant, Punjab Growth Strategy 2028, Punjab Planning and Development Board, Government of Punjab, Pakistan (2024)
• Consultant, Punjab Public Expenditure Review 2010-2023, Punjab Planning and Development Board, Government of Punjab, Pakistan (2024)

• Ghouse, G., Bhatti, M. I., & Nasrullah, M. J. (2024). Financial Inclusion, Fintech, HDI, and Green Finance Impact on Environmental Sustainability in E-7 Countries. Financial Research Letters (Final Review). HEC W, Impact Factor 7.4, SCOPUS Q1, Web of Science.
• Nazir, R., Bhatti, M. I., Ghouse, G., & Nasrullah, M. J. (2024). Complexity Between Green Growth, Fintech, Judiciary, and Military Role and Their Impacts on Mineral Resource Rents in Resource-Rich Countries. Resources Policy (Final Review). HEC W, Impact Factor 10.2, SCOPUS Q1, Web of Science.
• Muzaffar, M., Ghouse, G., & Alahmad, F. (2024). Assessing the Interplay of Financial Development, Human Capital, Democracy, and Industry 5.0 in Environmental Dynamics. Sustainability. HEC W, Impact Factor 3.3, SCOPUS Q1, Web of Science.
• Aslam, A., Mushtaq, U., Ghouse, G., & Raoof, R. (2024). Corruption and Happiness: Fortune or Evil? Journal of Knowledge Economy. HEC W, Impact Factor 4.0, SCOPUS Q2, Web of Science.
• Aslam, A., Ali, M., & Ghouse, G. (2024). Are Religion and Happiness on the Same Side? Quality & Quantity, 2837–2854. HEC X, SCOPUS Q1.
• Ghouse, G., Rehman, A. U., & Bhatti, M. I. (2024). Understanding the Causes of Spurious Associations: Problems and Prospects. Journal of Statistical Theory and Applications, 1-23. HEC W, Impact Factor 1.0, SCOPUS Q3.
• Rehman, U. K., & Ghouse, G. (2024). Examining Inflation Expectations Within Asian Economies: Application of Wavelet Quantile Analysis Towards Assessing Monetary Policy Credibility. Journal of Economic Impact, 6(1), 70-80. HEC Y.
• Hashmat, A., Ghouse, G., & Ahmad, N. (2024). Measuring the Impact of Economic and Environmental Drivers on Human Development: A Comparison Between Developed and Less Developed Countries. Pakistan Journal of Humanities and Social Sciences, 12(2), 1393-1408. HEC Y.
• Aslam, A., Ishaq, M., Ghouse, G., & Khan, B. (2023). Economic Complexity, Institutions, and Property Rights. European Management Studies (Previously: Problemy Zarządzania - Management Issues), 21(3), 102-118. HEC Y, Web of Science.
• Hashmat, A., Ghouse, G., & Ahmad, N. (2023). Impact of Economic and Environmental Dynamics on Human Development: An Analysis of HDI Classifications. Bulletin of Business and Economics (BBE), 12(3), 738-751. HEC Y.
• Ahmad, N., Ghouse, G., Bhatti, M. I., & Aslam, A. (2023). Impact of Social Cohesion and Financial Development on CO2 Emissions: Analysis from Developing Countries. Sustainability, 15(20), 14752. HEC W, Impact Factor 3.3, SCOPUS Q1, Web of Science.
• Aslam, A., Ali, M., & Ghouse, G. (2023). Are Religion and Happiness on the Same Side? Quality & Quantity. HEC W, Impact Factor 2.2, SCOPUS Q1, Web of Science.
• Rehman, A. M., Quddoss, U. M., Amin, S. M., & Ghouse, G. (2023). Moving Towards Sustainability: How Do Low‐Carbon Energy, Current Account Balance, and Reserves Induce Environmental Deterioration in the Big 3? Environmental Science and Pollution Research. HEC X, SCOPUS Q1, Impact Factor 5.28, Web of Science.
• Aslam, A., & Ghouse, G. (2023). Targeting the New Sustainable Inclusive Green Growth: A Review. Cleaner and Responsible Consumption, 100140. HEC X, SCOPUS Q1, Impact Factor 3.7, Web of Science.
• Ghouse, G., Alsam, A., Bhatti, M. I., & Ahmad, N. (2023). Asymmetric Spillover Effects of COVID-19 on the Performance of the Islamic Finance Industry: A Wave Analysis and Forecasting. The Journal of Economic Asymmetries, e00280. HEC X, SCOPUS Q1, Web of Science.
• Aslam, A., Ghouse, G., Mudassir, M., & Farooq, A. (2023). Introducing Modern Human Capital Model. Journal of the Knowledge Economy, 1-12. HEC X, SCOPUS Q2, Impact Factor 4.0, Web of Science.
• Bhatti, M. I., & Ghouse, G. (2023). The Trade Development Among OIC Countries: Exploring Challenges, Opportunities, and the Impact of the COVID-19 Pandemic. Muslim Business and Economic Review, 2(1), 1-25.
• Rehman, U. K., & Ghouse, G. (2023). Anchoring Inflation Expectations in Selected Asian Countries: The Role of Monetary Policy Credibility. Journal of Education and Social Studies, 4(3), 568-577. HEC Y.
• Aslam, A., & Ghouse, G. (2023). A Comparative Analysis of Trust in Financial Institutions Across Four Provinces of Pakistan. Audit and Accounting Review. HEC Y.
• Ghouse, G., Ejaz, N., Bhatti, M. I., & Alsam, A. (2022). Performance of Islamic vs. Conventional Banks in OIC Countries: Resilience and Recovery During COVID-19. Borsa Istanbul Review. HEC W, Impact Factor 6.3, SCOPUS Q1, Web of Science.
• Ghouse, G., & Bhatti, M. I. (2022). Environmentally Friendly Degradation Technology Breakthrough. Energies, 15(18), 1-5. HEC W, Impact Factor 3.25, SCOPUS Q1, Web of Science.
• Ghouse, G., Alsam, A., & Bhatti, M. I. (2022). The Impact of the Environment, Digital-Social Inclusion, and Institutions on Inclusive Growth: A Conceptual and Empirical Analysis. Energies, 15(19), 1-19. HEC W, Impact Factor 3.25, SCOPUS Q1, Web of Science.
• Ishaq, M., Ghouse, G., & Bhatti, M. I. (2022). Another Perspective on Real Exchange Rate and the Traded Goods Prices: Revisiting the Balassa–Samuelson Hypothesis. Sustainability, 14(13), 1-17. HEC W, Impact Factor 3.89, SCOPUS Q1, Web of Science.
• Ishaq, M., Ghouse, G., Fernández-González, R., Puime-Guillén, F., & Tandir, N. (2022). From Fossil Energy to Renewable Energy: Why Is a Circular Economy Needed in the Energy Transition? Frontiers in Environmental Science, 10, 941791. HEC W, Impact Factor 5.414, SCOPUS Q1, Web of Science.
• Ghouse, G., Aslam, A., & Bhatti, M. I. (2022). Green Energy Consumption and Inclusive Growth: A Comprehensive Multi-Country Analysis. Frontiers in Energy Research, 10, 939920. HEC W, Impact Factor 3.895, SCOPUS Q1, Web of Science.
• Ghouse, G., Bhatti, M. I., & Shahid, M. H. (2022). Impact of COVID-19, Political, and Financial Events on the Performance of Commercial Banking Sector. Journal of Risk and Financial Management, 15(4), 186. HEC Y, SCOPUS Q1, Web of Science.
• Alsam, A., & Ghouse, G. (2022). The Driver Role of Financial Development on the Economic Complexity: An Empirical Evidence from 33 BRI Participation Countries. Audit and Accounting Review, 2(1), 26-25. HEC Y.
• Alsam, A., & Ghouse, G. (2022). The Socio-Economic Determinants of Interpersonal Trust Levels. International Journal of Management Research and Emerging, 12(3), 155-165. HEC Y.
• Sultan, S., Noor, E., & Ghouse, G. (2022). Institutional, Economic, and Demographic Determinants of Public Spending: A Study of Selected SAARC Countries. ILMA Journal of Social Science & Economics. HEC Y.
• Ghouse, G., Aslam, A., & Bhatti, M. I. (2021). Role of Islamic Banking During COVID-19 on Political and Financial Events: Application of Impulse Indicator Saturation. Sustainability, 13, 11619. HEC W, Impact Factor 3.889, SCOPUS Q1, Web of Science.
• Ghouse, G., Khan, S. A., Rehman, A. U., & Bhatti, M. I. (2021). Elixir Approach to Cure Spurious Regression in Nonstationary Time Series. Mathematics, 9, 2839. HEC X, Impact Factor 2.89, SCOPUS Q1, Web of Science.
• Aziz, A., Ghouse, G., Ahmad, M., Aslam, A., Raza, S., & Qamar, A. (2021). Exploring the Relationship Between Earnings and Job Satisfaction: A Case Study of Home-Based Workers in Gujranwala. PalArch's Journal of Archaeology of Egypt/Egyptology, 18(5), 316-327. HEC X, SCOPUS Q2.
• Rehman, K., Ghouse, G., Aslam, A., Ahmad, M., & Raza, S. (2021). Does the Mediating Effect of Intrinsic Motivation in an Organizational Environment Make Any Difference in Its Innovative Performance? PalArch's Journal of Archaeology of Egypt/Egyptology, 18(5), 09-21. HEC X, SCOPUS Q2.
• Qamar, Y., Ghouse, G., Aslam, Raza, S., & Aziz, Y. (2021). Optimum Fiscal Spending at Aggregated and Disaggregated Level in Pakistan. PalArch's Journal of Archaeology of Egypt/Egyptology, 18(8), 225-237. HEC X, SCOPUS Q2.
• Ishaq, M., Islam, Y., & Ghouse, G. (2021). Tobin’s Q as an Indicator of Firm Performance: Empirical Evidence from Manufacturing Sector Firms of Pakistan. International Journal of Economics & Business Administration, 9(1), 425-441. HEC Y, SCOPUS Q2 (till Dec 2021).
• Ghouse, G., Hashmat, A., & Athar, A. (2021). Causal Economic Interactions between CO₂ Emissions and Economic Growth. Pakistan Journal of Economic Studies, 4(1), 39-54. HEC Y.
• Ghouse, G., Ashraf, A. A., & Habeeb, K. (2021). Tracing Return and Volatility Spillover Effect between Exchange Rate and Pakistan Stock Exchange Index. Journal of Quantitative Methods, 5(1), 193-216. HEC Y.
• Qamar, A., Ashraf, M. S., Ghouse, G., & Aslam, A. (2020). Probing Real Economic Growth Through Institutional Quality and Fiscal Policy in Pakistan. Elementary Education Online, 19(3), 2378-2385. HEC X, SCOPUS (till 2021).
• Ahmad, M., Ghouse, G., Hashmat, A., Rehman, N., Aslam, A., & Raza, S. (2020). Impact of Employment Rate, Exchange Rate, and Foreign Direct Investment on Worker’s Remittances and Economic Growth. Elementary Education Online, 19(4), 4257-4265. HEC X, SCOPUS (till 2021).
• Joiya, S. A., Sattar, N., Ghouse, G., Aslam, A., & Ijaz, A. (2020). Tracing Linkages Between Trade Liberalization and Economic Growth: A Study of BRICS Economies. Elementary Education Online, 19(4), 4116-4120. HEC X, SCOPUS (till 2021).
• Ghouse, G., Khan, S. A., & Arshad, M. (2019). Volatility Modeling and Dynamic Linkages between Pakistani and Leading Foreign Stock Markets: A Multivariate GARCH Analysis. Pakistan Development Review, 58(3), 265-282. HEC X, SCOPUS Q4.
• Hashmat, A., & Ghouse, G. (2019). The Role of Technological Advancement in Agriculture Sector and Economy of Pakistan. iRASD Journal of Economics, 1(1), 21-31. HEC Y.
• Ghouse, G., & Khan, S. A. (2017). Tracing Dynamic Linkages and Spillover Effect between Pakistani and Leading Foreign Stock Markets. Review of Financial Economics, 35(2), 29-42. HEC X, Impact Factor 1.2, SCOPUS Q2, Web of Science.

• Aslam, A., Ghouse, G., & Khan, B. (2023). Encirclements of Property Rights Through Economic Complexity Under the Umbrella of Justice and Governance: An Empirical Analysis. Research Square.
• Ghouse, G., Khan, S. A., & Arshad, M. (2020). Information Transmission Among Equity Markets: A Comparison Between the ARDL and GARCH Models. MPRA Paper 97925, University Library of Munich, Germany.
• Ghouse, G., Khan, S. A., & Rehman, A. U. (2018). The ARDL Model as a Remedy for Spurious Regression: Problems, Performance, and Prospects. MPRA Paper 83973, University Library of Munich, Germany.
• Ghouse, G., Khan, S. A., & Arshad, M. (2016). Time-Varying Volatility Modeling of Pakistani and Leading Foreign Stock Markets. MPRA Paper 70080, University Library of Munich, Germany.
• Ghouse, G., & Zaid, M. (2016). Determinants of Low Birth Weight: A Cross-Sectional Study in Pakistan. MPRA Paper 70660, University Library of Munich, Germany.

• Navigating Uncertainties: Strengthening Trade and Economic Relations Among ASEAN Countries for Mutual Prosperity, Universiti Brunei Darussalam (April 2024)
• Grappling with the Challenges of Behaviors and Perceptions Against Women's Empowerment – A Survival Analysis from Pakistan, The University of Lahore, HEC Grant (March 2023-2024)
• Working Within Confines: Empowering Women Home-Based Workers in Major Divisions of Punjab, The University of Lahore, HEC Grant (March 2022-2023)
• Role of Remittances in Pakistan’s Economy: Analysis of the Current Status and Guidelines for Reforms (November 2018 – November 2019)
• Data Collection and Analysis, Knight Frank, Real Estate Consultancy, UK (September 2017 – December 2017)

• Bhatti, M. I., & Ghouse, G. (2024). Comparing Trust in Financial Institutions: A Cross-Sectional Study of Muslim and Non-Muslim Populations. 6th World Islamic Economics & Finance Conference 2023, Minhaj University, Lahore. (Accepted).
• Ghouse, G., & Aslam, A. (2023). Trust in Financial Institutions: Examining Regional, Gender, and Urban-Rural Disparities in Pakistan. 37th Annual General Meeting (AGM) and Conference of the Pakistan Society of Development Economics (PSDE).
• Bhatti, M. I., & Ghouse, G. (2023). Trade Development Among OIC Countries: Exploring Challenges, Opportunities, and the Impact of the COVID-19 Pandemic. 2nd International Conference on Muslim World Economy and Business.
• Ghouse, G., & Bhatti, M. I. (2023). Performance of Islamic and Conventional Banks Before and During COVID-19. 6th World Islamic Economics & Finance Conference 2023, Minhaj University, Lahore.
• Ghouse, G., & Bhatti, M. I. (2022). Performance of Islamic Banks vs. Conventional Banks in OIC Countries: Resilience and Recovery Under COVID-19. 16th OIC Exchanges Forum, Istanbul University, Turkey.
• Yousaf, T., Ghouse, G., & Rehman, A. (2018). The Impact of Monetary Policy on Socio-Economic Indicators. 34th Annual General Meeting (AGM) and Conference of the Pakistan Society of Development Economists (PSDE).

• One-Day Online Workshop: Getting Started with Stata, The University of Lahore, August 29, 2024.
• Workshop on Mediation and Moderation with Special Reference to 30+ AI Tools, The University of Lahore, August 16 – September 13, 2024.
• Structural Equation Modeling Workshop and How AI Can Be Helpful, The University of Lahore, June 15, 2024.
• One-Day Online Workshop: Mediation, Moderation, and Structural Equation Modeling (SEM), The University of Lahore, May 30, 2024.
• How to Get Published in an Impact-Factor Journal, The University of Lahore, May 14, 2024.
• Two-Day Workshop on Structural Equation Modeling (SEM) with Stata, The University of Lahore, February 24-25, 2024.
• Five-Week Advanced AI-Driven Research Skills Workshop, The University of Lahore, December 30, 2023 – January 31, 2024.
• AI-Powered Research Writing Workshop, The University of Lahore, December 29, 2023.
• A New Insight into Time Series Econometrics, The University of Lahore, November 25-28, 2022.
• Learning and Practicing Introductory Econometrics with EViews, Stata, and SPSS, Economics Department, Government Islamia Graduate College, Kasur, 2022.
• Learning and Practicing Advanced Econometrics with EViews, Stata, and R, Economics Department, The University of Lahore, November 13-14, 2021.
• Research Tools and Techniques with SPSS, Pakistan Scientific and Technological Information Centre (PASTIC), Quaid-e-Azam University, Islamabad, November 26-28, 2019.
• Quantitative Methods for Social Scientists, Applied Economics Research Centre (AERC), University of Karachi, October 7-16, 2019.
• Data Management and Econometric Methodology with Stata, Pakistan Institute of Development Economics (PIDE), Islamabad, February 4-8, 2019.
• Introduction to Stata for Researchers, Pakistan Institute of Development Economics (PIDE), Islamabad, October 16-19, 2018.
• Introduction to R for Researchers, Wah Cantt University, Wah Cantt, November 8-10, 2017.
• Introduction to R for Researchers, Pakistan Institute of Development Economics (PIDE), Islamabad, September 27-29, 2017.

He has supervised numerous research theses, guiding both PhD and MPhil students in the field of economics. His doctoral supervision includes five PhD candidates, with research topics ranging from monetary policy frameworks and macroeconomic stabilization to environmental determinants of human health and green economic growth. Two of these PhD theses have been submitted for evaluation, while others are in progress. Additionally, he has mentored ten MPhil students, overseeing diverse research areas such as fintech, financial stability, stock market co-movements, inflation dynamics, and the socio-economic determinants of terrorism. His commitment to academic excellence is evident in his students' rigorous and policy-relevant research contributions.

• Email Address: ghulam.ghouse@bnu.edu.pk