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Impact of Globalization on HDI (Human Development Index): Case Study of Pakistan

Author

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  • Mohammad, Sulaiman D.
  • Majeed, Sadaf
  • Hussain, Adnan
  • Lal, Irfan

Abstract

The purpose of the study is to find out whether the foreign direct investment (FDI) and international trade extension is an effective tool of economic stability and development in the current international scenario in case of Pakistan or not, this our research question in this study. The data which have been selected in this research is from 1975 to 2008, which was the age of economic and financial liberalization under an open economy (globalization). The Statistics have been analyzed through Ordinary least squired (OLS) with HDI as dependent variable and ratio of FDI to GDP, real GDP growth rate along with export and import as independent variables. The coefficient of FDI is significant as anticipated, however the coefficient of real GDP- ratio is insignificant and has negative sign because of income inequality in the case of Pakistan.

Suggested Citation

  • Mohammad, Sulaiman D. & Majeed, Sadaf & Hussain, Adnan & Lal, Irfan, 2010. "Impact of Globalization on HDI (Human Development Index): Case Study of Pakistan," MPRA Paper 106867, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:106867
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    References listed on IDEAS

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    1. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    2. Perron, Pierre, 1989. "The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Econometrica, Econometric Society, vol. 57(6), pages 1361-1401, November.
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    Cited by:

    1. Acheampong, Alex O. & Erdiaw-Kwasie, Michael Odei & Abunyewah, Matthew, 2021. "Does energy accessibility improve human development? Evidence from energy-poor regions," Energy Economics, Elsevier, vol. 96(C).
    2. Eleonora Sofilda & Muhammad Zilal Hamzah, 2015. "Government Spending Contributions on per Capita Income and its Effect toward the Human Development Index (Comparative Study between Western Indonesia and Central & East Indonesia)," Journal of Social and Development Sciences, AMH International, vol. 6(3), pages 43-49.

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    More about this item

    Keywords

    FDI; HDI; International trade;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • F30 - International Economics - - International Finance - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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