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An Investigation Into the Various Socio-Economic and Psychological Impacts of Price Hike on Lowincome Households in Khyber Pakhtunkhwa, Pakistan

Author

Listed:
  • Arab Naz

    (University of Malakand)

  • Mohammad Hussain

    (University of Malakand)

  • Waseem Khan

    (University of Malakand)

  • Umar Daraz

    (University of Malakand)

Abstract

The terrestrial surface is confronting the jeopardy, facing the havoc and combating the atrocity of price hike that is worsening its social and economic spheres while bringing obnoxious results to the social stability and national development of the subject vulnerable masses. This study was conducted in District Swat, Khyber Pakhtunkhwa province of Pakistan, which evidently describes the socio-economic and psychological impacts of price hike on low-income households. Data was collected from 180 respondents of low-income households of the 4 Union Councils (Tehsil Matta) that were purposively selected through cluster sampling technique using interview schedule. The collected data has been assessed with the application of Chi-square test followed by tabular presentation in support with bar-charts, which have further been discussed on the basis of findings and results. The results show that price hike being a critical and sizzling phenomenon has numerous consequences upon the socio-economic and psychological well-being of low-income households, which demoralize their overall prosperity. The study strongly recommends awareness among masses, need based planning and practice of proper policy, confrontation and penalty to the misdemeanors and hoarders, and remunerative role of mass media are foreseeable that may bring assistance in alleviation of the curses of price hike.

Suggested Citation

  • Arab Naz & Mohammad Hussain & Waseem Khan & Umar Daraz, 2011. "An Investigation Into the Various Socio-Economic and Psychological Impacts of Price Hike on Lowincome Households in Khyber Pakhtunkhwa, Pakistan," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 1(2), pages 56-70, July.
    • Handle: RePEc:hur:ijarbs:v:1:y:2011:i:2:p:56-70
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    References listed on IDEAS

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    1. Joachim von Braun, 2008. "Rising Food Prices: What Should Be Done?," EuroChoices, The Agricultural Economics Society, vol. 7(SpecialIs), pages 30-35, August.
    2. Raihan, Selim, 2009. "Impact of Food Price Rise on School Enrollment and Dropout in the Poor and Vulnerable Households in Selected Areas of Bangladesh," MPRA Paper 37900, University Library of Munich, Germany.
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