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Title Impact of Urbanization and Globalization on Poverty in Pakistan

Author(s) Mr.Muhammad Haroon Raza

Abstract The objective of the current study is to investigate the impact of urbanization and globalization on poverty in Pakistan. The time series data is collected from World Development Indicator (WDI) website over the period from 1981-2017. The methodology is based on descriptive statistics, ADF unit root test and ARDL technique. The results of ARDL reveals that, Gross Domestic Product, Foreign Direct Investment and the interactive term of Urbanization and Globalization can reduce poverty, but Urbanization and Globalization solely cannot. The coefficient measuring joint impact of urbanization and globalization (Urb*Glob) has the value as -1.0323, which shows that 1% increase can reduce poverty by -1.0323 units. Thus, there is negative and statistically significant relationship between the interactive term (Urb*Glob) and poverty. The coefficient of GDP as -0.8775, shows that if there is 1% increase in GDP then poverty reduces by -0.8775 units. Thus, there is negative and statistically significant relationship between GDP and poverty. Coefficient value of urbanization 41.2700 shows that if there is 1% increase in urbanization then poverty increases by 41.2700 units. Thus, there is positive and statistically significant relationship between urbanization and poverty. The coefficient of FDI as -0.9877, shows that if there is 1% increase in globalization then poverty reduces by 0.9877 units. Thus, there is negative and statistically significant relationship between FDI and poverty. The coefficient value of CPI 0.3222, shows that if there is 1% increase in CPI then poverty increases by 0.3222 units. However, all independent variables are statistically significant at 5%. Keywords: Urbanization, Globalization

Type Thesis/Dissertation

Faculty Management Sciences

Department Economics

Language English

Publication Date 2020-02-25

Subject Economics

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