“The Three Evils”: Inflation, Poverty and Unemployment’s Shadow on Economic Progress—A Novel Exploration from the Asymmetric Technique

Abdul Rehman, Laura Mariana Cismas and Ioana Anda Milin
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Abdul Rehman: College of Economics and Management, Henan Agricultural University, Zhengzhou 450002, China
Laura Mariana Cismas: Faculty of Economics and Business Administration, West University of Timisoara, 300006 Timisoara, Romania
Ioana Anda Milin: Faculty of Management and Rural Tourism, Banat’s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania”, 300645 Timisoara, Romania
Authors registered in the RePEc Author Service: Laura-Mariana Cismaș

Sustainability, 2022, vol. 14, issue 14, 1-16

Abstract: The primary goal of this analysis was to determine the impact of inflation, poverty, unemployment, and population growth on economic growth in Pakistan using time series data from 1986 to 2020. The stationarity for the variables was tested through unit root testing, while the asymmetric (NARDL) technique was applied to expose the association amid the variables via short-run and long-run dynamics. The outcomes show that (1) variable inflation and poverty have adversative linkages to economic growth, (2) unemployment has a positive association with economic growth, and (3) variable population growth showed a negative association via short-run and long-run dynamics. Inflation, poverty and unemployment are now emerging issues in the Pakistan. The Pakistani economy has been determined to have a strong and negative link between inflation and economic growth. After a certain point, generalized inflation seems to be harmful to economic growth in the country. New governmental strategies and policies are required to tackle this issue in order to boost economic progress.

Keywords: inflation; economic growth; unemployment; income distribution; poverty headcount; NARDL (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:14:p:8642-:d:862800

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