Human Well-being and Macroeconomic Environment in South Asia

Bilal Akram and Ali Raza
Additional contact information
Bilal Akram: Scholar, Lahore School of Accountancy and Finance, University of Lahore, Pakistan
Ali Raza: Scholar, Department of Economics, University of the Punjab, Lahore, Pakistan

Journal of Policy Research (JPR), 2021, vol. 7, issue 4, 11-17

Abstract: The study Analysis the impact of foreign direct investment, final consumption expenditure, inflation, and unemployment on the GDP per capita of four South Asian countries namely; Pakistan, India, Bangladesh, and Sri Lanka. For the statistical analysis, data was used from 1991 to 2015, and data is collected from the World Bank database namely; the World development indicator (WDI). Levin Lin Chu unit root test is used to investigate the stationary of the variables of the model. The panel model pooled mean group/ARDL is used to interrogate the cointegration through the variables of the model. The result shows that inflation has positive and insignificant relations with GDP per capita in Pakistan, India, Bangladesh, and Sri Lank. Government should adopt those policies which increase FDI to make a positive and significant relationship with GDP per capita in south Asian countries named Pakistan, India, Sri Lanka, and Bangladesh. The countries should adopt policies to control inflation. Increasing the amount of the GDP per capita reduces unemployment.

Keywords: human wellbeing; foreign direct investment; inflation (search for similar items in EconPapers)
JEL-codes: J24 O24 P24 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://jprpk.com/index.php/jpr/article/view/40/62 (application/pdf)
https://jprpk.com/index.php/jpr/article/view/40 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfh:jprjor:v:7:y:2021:i:4:p:11-17

Access Statistics for this article

Journal of Policy Research (JPR) is currently edited by Dr. Muhammad Irfan Chani

More articles in Journal of Policy Research (JPR) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().