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Globalization and Unemployment in Pakistan

Author

Listed:
  • Vince Daly
  • Farid Ullah
  • Abdur Rauf
  • Ghulam Yahya Khan

Abstract

This study analyzes the impact of globalization on unemployment in Pakistan, using annual data for the period 1980 to 2013. Using the ARDL econometric framework, we find that the economic, political and social aspects of globalisation differ in their effects. The data suggest that political and social integration, whilst beneficial in the short run, increase the long run expected unemployment rate. Economic integration appears to be only marginally beneficial in the short run; it is significantly beneficial in the long run but cointegration with the other aspects of globalisation means that it cannot fully counteract their undesirable long-run effect.

Suggested Citation

  • Vince Daly & Farid Ullah & Abdur Rauf & Ghulam Yahya Khan, 2017. "Globalization and Unemployment in Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(7), pages 634-643.
    • Handle: RePEc:asi:aeafrj:v:7:y:2017:i:7:p:634-643:id:1583
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    References listed on IDEAS

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    1. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    2. Majumder, Rajarshi, 2008. "Globalisation and Employment: A Prelude," MPRA Paper 12814, University Library of Munich, Germany.
    3. Martin Rama, 2002. "Globalization and Workers in Developing Countries," Economics Study Area Working Papers 41, East-West Center, Economics Study Area.
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    Cited by:

    1. Nasib Dar & Muhammad Usman & Jin Cheng & Usman Ghani, 2023. "Social Undermining at the Workplace: How Religious Faith Encourages Employees Who are Aware of Their Social Undermining Behaviors to Express More Guilt and Perform Better," Journal of Business Ethics, Springer, vol. 187(2), pages 371-383, October.
    2. Ayesha Siddiqa & Tariq Hussain & Muhammad Qasim & M. Imran Javed, 2018. "The Impact of Globalization on Unemployment and Economic Growth: Panel Data Analysis for Developing Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 7(3), pages 122-131, September.
    3. Bebbington, Jan & Schneider, Thomas & Stevenson, Lorna & Fox, Alison, 2020. "Fossil fuel reserves and resources reporting and unburnable carbon: Investigating conflicting accounts," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 66(C).
    4. Ramesh Chandra Das & Kamal Ray, 2020. "Does Globalisation Influence Employment? Empirical Investigation on Individual as well as Panel of South Asian Countries," Review of Market Integration, India Development Foundation, vol. 12(1-2), pages 7-34, August.

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    More about this item

    Keywords

    Globalization; KOF indices; Unemployment; ARDL; Bounds testing; Pakistan.;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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