Title: Digital mosaics and Weibull probability distribution modelling of regional connectivity: a diplomatic economy perspective
Authors: Ejaz Gul; Imran Sharif Chaudhry
Addresses: School of Economics, Bahauddin Zakariya University, Multan, Pakistan ' School of Economics, Bahauddin Zakariya University, Multan, Pakistan
Abstract: With emergence of China Pakistan Economic Corridor (CPEC), it is expected that Pakistan will move further closer to its historical ally China and other regional partners including Central Asian States. Paper investigates gradual transition of Pakistan towards greater regional integration using data on eight selected variables from 2001 to 2015 (15 years) for ten selected countries of Asia. To ascertain rate of transition of regional integration, digital analysis of data was carried out and digital mosaics were created with help of digital software SURFER - 9. To know effect of different variables on rate of transition of regional integration, data was analysed by using Weibull probability distribution model (WPDM). Results indicated that Pakistan is consistently moving closer to regional countries and rate of transition of regional integration is increasing with time. This validated the conception that CPEC will play instrumental role in strengthening regional integration in the context of Pakistan.
Keywords: regional; integration; China Pakistan Economic Corridor; CPEC; transition; rate; digital; analysis; mosaics; Weibull; probability; distribution; model; connectivity.
Global Business and Economics Review, 2020 Vol.22 No.4, pp.431 - 453
Received: 24 Apr 2018
Accepted: 24 Jul 2018
Published online: 12 May 2020 *