Impact of globalisation and economic reforms on human development: a case study of Pakistan Online publication date: Tue, 20-Apr-2010
by M. Naveed Iftikhar, Iqtidar Ali Shah, Sami Ullah
J. for Global Business Advancement (JGBA), Vol. 3, No. 1, 2010
Abstract: This paper attempts to investigate impact of globalisation and economic reforms on human development in Pakistan from 1980 to 2007. Pakistan has made improvements in education and health sector while deterioration has been found in income distribution. An empirical model has been developed to estimate the impacts of foreign direct investment (FDI), trade openness (TOP), financial sector liberalisation (PSC) and private investment (PI) on human development index (HDI) for the period under discussion. Long-run relationship between the variables has been found by applying Johanson's cointegration technique after finding the series I(1). Error correction model (ECM) has been estimated to explore short- and long-run impacts of the variables on HDI. The results indicate that FDI and PI are significant in short run and long run and PSC is significant in short run while TOP is insignificant in both short run and long run. ECM term indicates convergence of the model.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the J. for Global Business Advancement (JGBA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook