Article author:
Muhammad Masood Anwar, Ghulam Yahya Khan, Sardar Javaid Iqbal Khan
Year the article was released:
2019
Edition in this Year:
1
Article abstract:
INVESTIGATING OF THE INCLUSIVENESS IN THE ECONOMIC GROWTH OF PAKISTAN
Abstract: Inclusive growth is a type of economic growth which is sustained over decades and provides benefi ts to the entire society. Th e main objective of the paper is to examine the relationship between economic and inclusive growth. For this purpose, inclusive growth index is constructed by four variables inequality, poverty, employment rate, and enrolment rate. To explore the relationship between economic growth with inclusive growth in Pakistan, time series data from 1971 to 2014 is used. Stationarity of the data is checked through augmented Dickey- Fuller test and on the basis of the diff erent order of integration. Autoregressive distributed lag model is employed. Th e results of the study show that the growth in Pakistan is not fully inclusive. Th ere is a half-portion of the growth share in the society. Other control variables such as investment have a positive impact, whereas inflation has a negative impact on inclusive growth.
Keywords: inclusive growth, economic growth, sustainable growth, ARDL.