Accounting for the interconnectedness of globalization, growth, and poverty towards achieving sustainable development
Sodiq Bisiriyu and
Malik Manzoor Hassan (manzoorhassan.m@srmap.edu.in)
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Malik Manzoor Hassan: SRM University AP
Quality & Quantity: International Journal of Methodology, 2024, vol. 58, issue 6, No 27, 5655-5681
Abstract:
Abstract Among the contemporary issues in the global environment is how countries' and regions' interactions benefit economic agents, especially in developing countries where poverty prevails. Over the years, globalization has continued to increase, mainly as a result of differences in resources and technology, but how it affects the poor has remained one of the central issues in international economics. In this paper, we thus developed a Globalization-Growth-Poverty (GGP) triangular nexus to provide an answer to whether globalization and growth can help India achieve Goal 1 of sustainable development. The cointegration approach was used, and our result validates the globalization-led growth hypothesis and shows interconnectedness among globalization, economic growth, and poverty, which confirms the GGP triangular nexus. Our results further show that growth and globalization have a positive near future impact on poverty in India. Thus, the results suggest to the government and policymakers that the achievement of poverty reduction and sustainable development in India can be realized with sustained economic growth and increased globalization.
Keywords: Cointegration; Economic growth; Globalization; KOF index; Poverty; Sustainable development goals (search for similar items in EconPapers)
JEL-codes: C51 F6 I3 O11 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11135-024-01908-8
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