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Influencing Factors of Poverty in Pakistan: Time Series Analysis

Year 2017, Volume: 7 Issue: 2, 215 - 222, 01.06.2017

Abstract

Poverty is one of the emerging problems being discussed and debated in various developed and developing countries including Pakistan. This study investigates influencing factors of poverty in Pakistan and discusses the theoretical linkages between poverty and its main macroeconomic variables. For this Johansen co-integration technique has been applied with multi diagnostics tests. The macroeconomic variables taken in this study are agricultural ratio to GDP, ratio of Foreign Direct Investment (FDI) to GDP, ratio of the primary education, ratio of the domestic credit to private sector and military expenditure as percentage of GDP. Results of the study show that all these variables have significant effect on poverty. In the case of agricultural ratio to GDP, an increase in agricultural output leads to decrease poverty. Education enrollment also has significant negative impact on poverty in long run. It helps in reducing poverty and improving the socio economic status of both the individuals as well as the society. Domestic credit has also significant negative impact on poverty but military expenditure has significant positive impact on poverty in Pakistan.

Year 2017, Volume: 7 Issue: 2, 215 - 222, 01.06.2017

Abstract

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Details

Other ID JA85CH75DF
Journal Section Research Article
Authors

Rizwan Akhtar This is me

Hongman Liu This is me

Amjad Ali This is me

Publication Date June 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 2

Cite

APA Akhtar, R., Liu, H., & Ali, A. (2017). Influencing Factors of Poverty in Pakistan: Time Series Analysis. International Journal of Economics and Financial Issues, 7(2), 215-222.
AMA Akhtar R, Liu H, Ali A. Influencing Factors of Poverty in Pakistan: Time Series Analysis. IJEFI. June 2017;7(2):215-222.
Chicago Akhtar, Rizwan, Hongman Liu, and Amjad Ali. “Influencing Factors of Poverty in Pakistan: Time Series Analysis”. International Journal of Economics and Financial Issues 7, no. 2 (June 2017): 215-22.
EndNote Akhtar R, Liu H, Ali A (June 1, 2017) Influencing Factors of Poverty in Pakistan: Time Series Analysis. International Journal of Economics and Financial Issues 7 2 215–222.
IEEE R. Akhtar, H. Liu, and A. Ali, “Influencing Factors of Poverty in Pakistan: Time Series Analysis”, IJEFI, vol. 7, no. 2, pp. 215–222, 2017.
ISNAD Akhtar, Rizwan et al. “Influencing Factors of Poverty in Pakistan: Time Series Analysis”. International Journal of Economics and Financial Issues 7/2 (June 2017), 215-222.
JAMA Akhtar R, Liu H, Ali A. Influencing Factors of Poverty in Pakistan: Time Series Analysis. IJEFI. 2017;7:215–222.
MLA Akhtar, Rizwan et al. “Influencing Factors of Poverty in Pakistan: Time Series Analysis”. International Journal of Economics and Financial Issues, vol. 7, no. 2, 2017, pp. 215-22.
Vancouver Akhtar R, Liu H, Ali A. Influencing Factors of Poverty in Pakistan: Time Series Analysis. IJEFI. 2017;7(2):215-22.