MS/M.Phil Economics

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Browsing MS/M.Phil Economics by Author "Aasma Yaseen"

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    THE EFFECT OF INFRASTRUCTURE DEVELOPMENT ON SOCIAL DEVELOPMENT IN PAKISTAN
    (UMT.Lahore, 2017-12) Aasma Yaseen
    The aim of this study is to explore the effects of infrastructure development on social development in Pakistan. Time series data set is taken for the period from 1982 to 2016. ARDL co-integration technique is applied to find long run and short run relationship between social development and its factors in Pakistan. This study segregated social development into two models; one is poverty and other model is inequality. The selected explanatory variables are infrastructure capital, human capital, gross domestic product per capita, migration and globalization. This study results show that infrastructure has negative and significance effect on poverty and inequality. The empirical findings of the study supported the predicted theory that better infrastructure improved social development and helps to reduce inequality. Infrastructure, especially transport and communication, helps to increase the pace of growth. Energy crisis is one of the major issue that adversely effect the economy of Pakistan. The government slighter invests in social sector due to which decline in human capital (as a proxy of education and health) has positive and significant impact on increasing poverty. Human capital strongly associated with social development; statistically it is proved that increase in human capital declined inequality significantly. Gross domestic product per capita income plays an important supporting role in social development it significantly decreases poverty. Similarly Gross domestic product per capita also helps to declining income inequality, by enhancing per capita inequality can reduce significantly. Migration that positively impact on poverty but it is statistically insignificant. Globalization impact on poverty is positive but very low magnitude; it leads inequality upward and has significant impact. Finally based on these results, this study concludes that Government should promote and reallocate spending on human capital (education & health) and emphasis for promoting of social development.