Equality of opportunity is the core of inclusive growth, and the inclusive growth emphasises to create employment and other development opportunities through rapid and sustained economic growth, and to promote social justice and the equality of sharing of growth results by reducing and eliminating inequality of opportunity. The main objective of the study is to measure the inclusive growth first and then empirically examine its determinants. To measure the inclusive growth, we use the methodology developed by Asian Development Bank using weights and scores of different indicators. We develop a unified measure of inclusive growth, which integrates growth, inequality, accessibility and governance into one single measure. Results show that Pakistan is at satisfactory performance level with respect to its performance in growth inclusiveness. Further results of ARDL show that macroeconomic stability and social financial deepening are important determinants to enhance the inclusiveness, and reduce poverty and inequality, while reforms in trade sector are required to increase their efficiency in terms of inclusiveness.
JEL Classification: O4
The main objective of this study is to estimate the determinants of drinking water supply on the housing rental value using survey based data for the years 2013-14 in Pakistan. Hedonic pricing model is applied using rental value of the houses per month as dependent variable. Piped-water connection and number of rooms show significant impact on housing prices for both rural and urban. Using marginal implicit pricing method, Marginal willingness to pay (MWTP) is also calculated using the median of the rental values of the houses for both rural-urban regions and owned-rented houses. PKR 1676 and PKR 332 are willing to pay per month for urban and rural areas respectively to have quality of water inside their houses. On the same lines, PKR 1087 and PKR 521 are computed values of WTP for these who have their own houses and living on rent respectively.How to Cite:Kiani, A., Andleeb, Z., & Qureshi, J. A. (2022). Willingness to Pay for Access to Piped Water using Hedonic Pricing Model. Etikonomi, 21(1), 79-88. https://doi.org/10.15408/etk.v21i1.16984.
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