Content Details | NUML Online Research Repository

Content Details

Back to Department Listing

Title “Dynamic of Food Inflation in Pakistan. Role of Trade Liberalization and Oil Prices”

Author(s) Ms. Shahneel Maira

Abstract Environmental sustainability is one of the main concerns in recent decades. Environmental degradation affects human health which ultimately affects productivity and thereby economic growth. Keeping in the view of Environmental sustainability the aim of this study is to construct Environmental sustainability index that focuses on the air, land and water indicators. Many factors affect Environmental sustainability and among those Fiscal policy is one of the main factors. Thus study aims to investigate how fiscal policy affects environmental sustainability in the long run and short run. We have taken the time series data in the context of Pakistan from 1974 to 2020. For the estimation of symmetric and asymmetric effects, we apply the Autoregressive Distributed Lag method (ARDL) and Non-linear Autoregressive Distributed Lag Method (NARDL) techniques. According to the Autoregressive Distributed Lag method results in our findings show that the developmental expenditures have a negative, but the subsidies have a positive impact on environmental sustainability in the long run while in the short run, both have a negative impact. The Non-linear Autoregressive Distributed Lag Method result shows that in the long run, subsidies have a positive impact on positive and negative shocks whereas, in the short run, subsidies have a negative impact on positive shocks and a positive effect on negative shocks. While in the asymmetric relationship subsidy have a positive effect on both positive and negative shocks. The study suggests that government should reduce the subsidies on energy consumption products and give subsidies to those industries which use environmental friendly techniques. Environmental restrictions to reduce pollution must be properly implemented through effective monitoring. Keywords: Environmental sustainability, Fiscal policy, ARDL, NARDL.

Type Thesis/Dissertation

Faculty Management Sciences

Department Economics

Language English

Publication Date 2023-01-24

Subject

Publisher

Contributor(s)

Format

Identifier

Source

Relation

Coverage

Rights