IMPACT OF MACROECONOMIC POLICIES ON POVERTY ALLEVIATION IN PAKISTAN

Israr Fahad () and Ali Rehmat ()
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Israr Fahad: Institute of Management Sciences, Peshawar Pakistan, School of Liberal Arts
Ali Rehmat: Institute of Management Sciences, Peshawar Pakistan

Romanian Economic Business Review, 2013, vol. 8, issue 4, 48-60

Abstract: This paper provides strategy to explain the macroeconomic determinants for eradicating poverty in Pakistan. An empirical analysis of macroeconomic indicators are based on the data for the year 1994 to 2005. Ordinary least square estimation was used to estimate the parameters of multiple variable regression model. Gini coefficient is used to measure the inequality in income distribution. The results suggest that per capita income, and remittances, are highly significant, developmental expenditure, and unemployment rate have significant affect to alleviate poverty. Elimination of poverty is impractical without the increase in per capita income. The paper comes to the conclusion that government should promote investment in social and developmental projects, creating job opportunities, increasing individual per capita income, and capturing the improvement in the individual standard of living.

Keywords: Poverty; Gini coefficient; per capita income; remittances; OLS (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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