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The Study of Foreign Direct Investment - Poverty Nexus in Pakistan: Under Investigation of Pro-Poor Investment Index (PPII)

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Author Info
Zaman, Khalid
Ikram, Waseem

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Abstract

Pakistan is a capital-scarce economy and has been relying heavily on foreign capital inflows (FKI) to finance the saving-investment gap. Pro-poor Investment Index (PPII) deals with the dynamic aspect of Investment (FDI)-Poverty-Inequality. The aim of this study is to investigate the potential impact of FDI on the poors (poverty intensity of investment). The study examine as to what extent the poors have benefited from FDI while taking in to account the magnitude of investment and the benefit of investment achieved by the poors during 1985–2006. This research is extended within the phenomena of Pro-poor Growth Index (PPGI) as proposed by Kakwani and Pernia (2000) and Kakwani and Son (2004). During last two decades in Pakistan, three phases are regarded as Pro-poor. First phase is from 1985–86, second is from 1991-93 and the third phase is from 1997-02, while remaining is pro-rich or anti-poor. Cumulative effect for two decades (1985–2006) is Pro-poor. This analysis helps decision makers in developing strategies and policies for promoting investment and alleviating poverty.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 9332.

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Date of creation: 25 Jun 2008
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Handle: RePEc:pra:mprapa:9332

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Related research
Keywords: Foreign Direct Investment (FDI) Consumer Price Index (CPI) Poverty (Head Count Ratio) Volatility of Exchange Rate (1 US $ =Rs.) Foreign Capital Inflow (FKI) Pro-Poor Investment Index.

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Find related papers by JEL classification:
G1 - Financial Economics - - General Financial Markets
D6 - Microeconomics - - Welfare Economics
I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty

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  1. Markusen, James R. & Venables, Anthony J., 1999. "Foreign direct investment as a catalyst for industrial development," European Economic Review, Elsevier, vol. 43(2), pages 335-356, February. [Downloadable!] (restricted)
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  2. Rehana Siddiqui & Rizwana Siddiqui & Zafar Iqbal, 1999. "The Impact of Tariff Reforms on Income Distribution in Pakistan: A CGE-based Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 38(4), pages 789-804. [Downloadable!]
  3. Hyun Son & Nanak Kakwani, 2006. "Measuring the impact of prices on inequality: With applications to Thailand and Korea," Journal of Economic Inequality, Springer, vol. 4(2), pages 181-207, August. [Downloadable!] (restricted)
  4. White, H., 1995. "How much aid is used for poverty reduction?," Working Papers - General Series 204, Institute of Social Studies. [Downloadable!]
  5. Jalilian, Hossein & Kirkpatrick, Colin, 2002. "Financial Development and Poverty Reduction in Developing Countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 7(2), pages 97-108, April. [Downloadable!] (restricted)
  6. Peter Nunnenkamp, 2004. "To What Extent Can Foreign Direct Investment Help Achieve International Development Goals?," The World Economy, Blackwell Publishing, vol. 27(5), pages 657-677, 05. [Downloadable!] (restricted)
  7. Hyun H. Son & Nanak Kakwani, 2006. "Measuring the impact of prices on inequality: with applications to Thailand and Korea," Working Papers 11, International Poverty Centre. [Downloadable!]
  8. Krugman, Paul, 1991. "History versus Expectations," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 651-67, May. [Downloadable!] (restricted)
  9. Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-66, May. [Downloadable!] (restricted)
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