Time Series Analysis of Poverty Reduction Indicators: Case of Pakistan, India and Bangladesh
DOI:
https://doi.org/10.55737/qjssh.715369415Keywords:
Financial Development, ARDL, Trade Openness, Poverty Reduction, Pakistan, India, BangladeshAbstract
This paper investigated the indicators of poverty reduction. The independent variables are financial development, military expenditure, remittances, trade openness and world oil prices. A time series analysis was conducted from 1980 to 2016. The ADF and Phillip-Perron unit root tests were applied to find the level of co-integration. The study researched the long-run relationship between independent and dependent variables by applying the Auto Regressive Distributed Lag (ARDL) Bound testing approach. The order of integration according to the unit root test is mixed for the variables. In all three countries, the ARDL bound testing approach found the long-run relationship between poverty and its indicators.
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