Record Details

Inflation, Income Inequality and Economic Growth in Pakistan: A Cointegration Analysis

International Journal of Economic Practices and Theories

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Field Value
 
Title Inflation, Income Inequality and Economic Growth in Pakistan: A Cointegration Analysis
 
Creator Ali, Sharafat
 
Subject Inequality, Development, Manufacturing Value Added, Investment, Time Series, Unit Root, Error Correction, Pakistan
Inequality, Development, Manufacturing Value Added, Investment, Time Series, Unit Root, Error Correction, Pakistan
C22, L6, O4, P24
 
Description The study is an attempt to explore the impact of inflation and income inequality in Pakistan. The study also analyzes the effect of foreign direct investment, workers’ remittances and manufacturing value added on growth. Annual time series data from 1972 to 2007 was used for the analysis. After finding all of the time series stationary at first difference, Johansen cointegration approach and vector error correction models are applied for the long run and short run analysis, respectively. The cointegration test results confirmed growth increasing impact of income inequality in Pakistan. Foreign direct investment, remittances and manufacturing valued added are found to have positives and significant impact on growth in Pakistan. The study also suggests some policy implications
 
Publisher International Journal of Economic Practices and Theories
 
Contributor
 
Date 2014-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ijept.org/index.php/ijept%20/article/view/Inflation_Income_Inequality_and_Economic_Growth_in_Pakistan_A_Cointegration_Analysis
 
Source International Journal of Economic Practices and Theories; Vol 4, No 1 (2014); 33-42
2247 – 7225
 
Language eng
 
Relation http://www.ijept.org/index.php/ijept%20/article/view/Inflation_Income_Inequality_and_Economic_Growth_in_Pakistan_A_Cointegration_Analysis/pdf_4