Globalization and Poverty Nexus: A Panel Data Analysis

Khan, F.A.; Majeed, Muhammad Tariq

doi:10.32368/fjes.20181407

Cited by 9 publications

(5 citation statements)

References 25 publications

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“…The outcome is consistent under the two indicators of poverty. A similar finding is discovered by Khan and Majeed (2018), suggesting that, an increase in economic growth dovetails with better economic opportunities for the poor and vulnerable on the continent. Similarly, the effect of agricultural value-added on the two proxies of poverty is positive and significant, except for Model 3 when political globalization is employed.…”

Section: Empirical Results and Discussionsupporting

confidence: 75%

“…The finding aligns with the "scale effect" of Cole (2006) that globalization boosts economic activity and by extension reduces poverty in the economy. The outcome also confirms the findings of Deyshappria (2018) for developing countries, Khan and Majeed (2018) for 113 developing countries, and Hassan, Bukhari, and Arshed (2019). To add to this, the finding validates the study of Salahuddin et al (2019) for South Africa and Majeed and Farooq (2021) in Pakistan.…”

Section: Symmetric Effects Of Globalization On Povertysupporting

confidence: 85%

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On the Nonlinear Effects of Globalization on Poverty: Insights from African Countries

Osinubi,

Ojeyinka

2022

Emerging Economy Studies

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The study examines both the linear and nonlinear effects of globalization in 38 African countries between 1996 and 2018. In doing this, the study employs both linear and nonlinear autoregressive distributed lag estimation techniques. The findings from the two approaches show that globalization reduces poverty in Africa. Specifically, the findings from the symmetric models imply that the selected countries have benefited, in terms of poverty reduction, from an increase in trade and information flows occasioned by the current wave of globalization. On the other hand, the results from the asymmetric effect of globalization on poverty suggest that positive and negative shocks in overall and social globalization ameliorate poverty in the selected African countries. Thus, the study recommends that African governments should embark on those activities that will help in increasing the level of globalization for poverty to reduce in the region.

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Section: Empirical Results and Discussionsupporting

confidence: 75%

Section: Symmetric Effects Of Globalization On Povertysupporting

confidence: 85%

On the Nonlinear Effects of Globalization on Poverty: Insights from African Countries

Osinubi,

Ojeyinka

2022

Emerging Economy Studies

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“…Some recent studies suggested conflicting evidence of different measures of globalization on poverty. Khan and Majeed (2018) investigated globalization and poverty nexus for113 developing countries from 1980 to 2014. Their findings suggest that globalization reduces poverty.…”

Section: Theoretical Links Of Globalization and Povertymentioning

confidence: 99%

An Empirical Analysis of Globalization-Poverty Nexus: Evidence from Pakistan

Majeed

Farooq

2021

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Despite the significant progress that has been observed towards the Millennium goals, more than one billion people still live on less than 1.25 US dollars per day. A large body of the literature has focused on the growth effects of globalization and generally documents favourable effects of globalizing on economic growth. Does globalization reduce poverty? This question has received relatively less attention and the available evidence is not conclusive. This study investigates the impact of globalization on poverty in Pakistan using annual time series data from 1975 to 2018. The empirical analysis for the effect of globalization on poverty is based on the ARDL approach to cointegration. The empirical findings show that globalization exerts a significant adverse influence on the annual poverty of Pakistan. It implies that the ongoing process of globalization is leaving the poor of Pakistan behind. Globalization accentuates not ameliorates poverty and thus marginalizes the poor of Pakistan.

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“…The study considered the ARDL model for the sample period from 1980 to 2015 and found the significant role of FMD and money supply in reducing Egypt's poverty. In another study, Khan and Majeed [19] explored the impact of aggregated and disaggregated globalization on poverty for 113 countries of the world. The study used various panel estimators on a sample period from 1980 to 2014 and found that aggregated globalization, economic and social globalization in disaggregated globalization and urbanization significantly increased poverty, while political globalization as a disaggregated measure of globalization was witnessed in reducing poverty.…”

Section: The Impact Of Macroeconomic Factors On Povertymentioning

confidence: 99%

Investment Portfolio, Democratic Accountability, Poverty and Income Inequality Nexus in Pakistan: A Way to Social Sustainability

et al. 2021

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Institutions help to streamline the economic activity-related procedures, where government intervention might be involved. Institutions also play a significant role in social sustainability. The findings using the Autoregressive Distributed Lag approach to cointegration for the period from 1984–2019 reveal that investment portfolio and democratic accountability reduce poverty in Pakistan both in the long and short run. Moreover, democratic accountability helps to reduce income inequality, but the investment portfolio’s role is not significant. The literacy rate helps to reduce income inequality, and inflation increases poverty and income inequality. The remittances increase income inequality, and urbanization increases poverty. To eradicate poverty and income inequality, the governments should be accountable for their actions to the general public while they remain in power. If they do not deliver as per their manifestoes, they will not be reelected in the next election. Moreover, there is a dire need to redefine the role of an investment portfolio to reduce the risk of investment. So, investments would increase economic activities and could reduce poverty and income inequality. This study contributes to the literature by inquiring about the role of the investment portfolio and democratic accountability in social sustainability by reducing poverty and income inequality. This study only considers Pakistan’s economy due to limitations of poverty data availability in other countries. The scope could further be broadened by accessing data for a wider Asia region to test the role of the investment portfolio and democratic accountability to reduce poverty and income inequality.

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Globalization and Poverty Nexus: A Panel Data Analysis

Cited by 9 publications

References 25 publications

On the Nonlinear Effects of Globalization on Poverty: Insights from African Countries

On the Nonlinear Effects of Globalization on Poverty: Insights from African Countries

An Empirical Analysis of Globalization-Poverty Nexus: Evidence from Pakistan

Investment Portfolio, Democratic Accountability, Poverty and Income Inequality Nexus in Pakistan: A Way to Social Sustainability

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