IDEAS home Printed from https://ideas.repec.org/a/pid/journl/v51y2012i4p479-492.html
   My bibliography  Save this article

Poverty Consequences of Globalisation in OIC Countries: A Comparative Analysis

Author

Listed:
  • M. Tariq Majeed

    (Department of Economics, Quiad-i-Azam University, Islamabad.)

Abstract

This study examines the impact of globalisation on cross-country poverty using a new comparable panel data set for developing countries over a long period 1970-2008. The main findings of the study are: First, openness to trade exerts adverse effects on poverty in all sample developing countries while FDI helps in reducing poverty only in OIC countries. Second, growth elasticity of poverty is negative and significant in all countries; however, the growth elasticity of poverty is high in the case of OIC countries. Third, inflation adversely affects poverty in all sample countries. Fourth and finally, the role of government is insignificant in OIC countries while it is robustly significant with a negative sign in Non-OIC countries. Thus, government spending helps in reducing poverty only in Non-OIC countries. The overall results of this study indicate that globalisation accentuates not ameliorates poverty.

Suggested Citation

  • M. Tariq Majeed, 2012. "Poverty Consequences of Globalisation in OIC Countries: A Comparative Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(4), pages 479-492.
  • Handle: RePEc:pid:journl:v:51:y:2012:i:4:p:479-492
    as

    Download full text from publisher

    File URL: http://www.pide.org.pk/pdf/PDR/2012/Volume4/479-492.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. M. Tariq Majeed & M. Nauman Malik, 2015. "Determinants of Household Poverty: Empirical Evidence from Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 701-718.

    More about this item

    Keywords

    Globalisation; Poverty; Inequality; FDI; OIC Countries;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pid:journl:v:51:y:2012:i:4:p:479-492. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.