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Governance Issues In Pakistan And Their Impact On Income Inequality

Author

Listed:
  • Athar Iqbal

    (Assistant Professor, Iqra University)

  • Dr.Ayub Mehar

    (Professor, Iqra University)

Abstract

Purpose The purpose of this paper is to investigate the relation between governance of a country and its impact on income inequality.The World Bank, Economic Freedom Network, Fraser Institute and World Economic Forum have been defining and measuring the governance indicators.Methodology/Sample – This study takes six governance indicators score from WWGI for the year 2000 and 156 counties data to calculate correlation between wealth Gini and governance indicators.The statistical analysis is comprises of OLS estimation and Correlation analysis.Findings We found significant negative relation between governance indicators and wealth inequality, income inequality.Bad governance has deep impacts on economy of Pakistan.Excessive debt, high fiscal deficit, high inflation, low tax to GDP ratio, high trade deficit, lack of adequate capital formation and severe energy crisis are some of the economic challenges faces by Pakistan from decades.Practical Implications – This study suggests that improvement in governance is not a single day task, it cannot be achieved at once and it is not related to any department or institution.It’s a process that will establish equality, effective management of economic resources.

Suggested Citation

  • Athar Iqbal & Dr.Ayub Mehar, 2015. "Governance Issues In Pakistan And Their Impact On Income Inequality," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 11(2), pages 213-228.
    • Handle: RePEc:aib:ibtjbs:v:11:y:2015:i:2:p:213-228
    DOI: https://doi.org/10.46745/ilma.ibtjbs.2015.112.16
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    Cited by:

    1. Atta Ullah & Zhao Kui & Saif Ullah & Chen Pinglu & Saba Khan, 2021. "Sustainable Utilization of Financial and Institutional Resources in Reducing Income Inequality and Poverty," Sustainability, MDPI, vol. 13(3), pages 1-25, January.

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