Free Trade: Does Myopic Policy Overlook Long-Term Gains?
Maryiam Haroon ()
Additional contact information
Maryiam Haroon: Assistant Professor, Department of Economics, Lahore School of Economics
Lahore Journal of Economics, 2017, vol. 22, issue 2, 65-88
This article analyzes the correlation between trade liberalization and welfare in Pakistan from 1986 to 2015. Using consumption expenditure as a measure of welfare, we estimate the relationship using a vector error correction model. The empirical results show that trade liberalization does not have an immediate correlation with welfare: it takes some time for liberalization policies to enhance welfare. The findings also suggest that trade liberalization can help reduce poverty, decrease inequality and increase enrollment levels in the long run. But in the short run, trade liberalization has led to higher income inequality.
Keywords: Welfare; trade liberalization; social indicators; Pakistan (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://lahoreschoolofeconomics.edu.pk/EconomicsJou ... %202/03%20Haroon.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:lje:journl:v:22:y:2017:i:2:p:65-88
Access Statistics for this article
More articles in Lahore Journal of Economics from Department of Economics, The Lahore School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Shahid Salahuddin ().