Abstract
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.
Highlights
According to Kamath and Hoovinahole (2016) national and transnational pharmaceutical companies play an important role in quality medicines, and expand economic activities in developing countries
H1 is accepted because (p
A review of the literature on the relationship between exogenous variables on the one hand, and endogenous variable on the other hand, skilled-based training, organizational learning, motivation and interpersonal influence seem to support the idea that these factors may mediate the relationship between exogenous variables and job creation opportunities
Summary
According to Kamath and Hoovinahole (2016) national and transnational pharmaceutical companies play an important role in quality medicines, and expand economic activities in developing countries. According to Sztankovszky et al (2015), the pharmaceutical industry has engaged in institutions building, providing capacities through several resources, including technical assistance, strategic planning directions, and financial assistance These activities help to enhance infrastructure facilities for institutions, which further generate hundreds of new employments in developing countries. Pharmaceutical industry is very much linked to other industries, its spillover effect further creates new job opportunities and positive impact on overall economy of developing nations (Awino, 2016) Another role of pharmaceutical industry is Rule-shaping, this is entirely indirect form of economic expansion and its influence is long-term. This research is an extensive exploration of the role of national pharmaceutical industry in job creation in a direct and indirect approach through interceding factors Another important aspect of this paper is to study the role of local pharmaceutical in overall expansion of the economy.
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