lobalization and Unemployment in Pakistan | Zendy

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lobalization and Unemployment in Pakistan

Author(s) -

Vince Daly,

Farid Ullah,

Abdur Rauf,

Ghulam Yahya Khan

Publication year - 2017

Publication title -

asian economic and financial review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.215

H-Index - 10

eISSN - 2305-2147

pISSN - 2222-6737

DOI - 10.18488/journal.aefr.2017.77.634.643

Subject(s) - cointegration , economics , globalization , unemployment , short run , politics , unemployment rate , macroeconomics , econometric analysis , development economics , econometrics , market economy , political science , law

This study analyzes the impact of globalization on unemployment in Pakistan, using annual data for the period 1980 to 2013. Using the ARDL econometric framework, we find that the economic, political and social aspects of globalisation differ in their effects. The data suggest that political and social integration, whilst beneficial in the short run, increase the long run expected unemployment rate. Economic integration appears to be only marginally beneficial in the short run; it is significantly beneficial in the long run but cointegration with the other aspects of globalisation means that it cannot fully counteract their undesirable long-run effect.

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