Abstract
This paper is devoted to explore the relationship between trade, growth
and poverty for South Asian Region. Panel data for seven south Asian
countries is incorporated for the period of 1960-2014. This time period
is further divided into pre and post 1980 periods. Result shows that
trade openness raise growth and lowers poverty of the South Asian
region during both periods. Increase in Gini worsens average income
growth and poverty. Growth of the economies during both periods
lowers poverty of the region insignificantly. Increase in unemployment
reduces both growth of incomes and poverty. Other variables like
government consumption, investment, infrastructure development and
indexes of human capital play effective role in promoting growth and
reducing poverty of the South Asian region. The results show a
significant impact but weak relationship of trade and other factors with
economic growth and poverty of the region. It signifies the importance
of complementary policies along with openness policies in South Asian
economies to improve trade impact over economic growth and poverty
of the region to help the South Asian economies in facing the
competitive world markets efficiently. Otherwise open market
competition may destabilize the economies of the region.
Waqar Unnisa, Naeemur Rahman, Sher Ali. (2016) Trade, Growth and Poverty: A Case Study of South Asian Region, Journal of Managerial Sciences, Volume 10, Issue 2.
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