Nexus Between Remittances, Corruption And Poverty: A Case Of Pakistan
Download| Volume 17 Issue 2 2021 | |
|---|---|
| Author(s): |
Humera Iram
Abdul Jabbar (Corresponding Author)
Arshad Ali Bhatti |
| Abstract | This study examines the impact of commodity price shocks on the macroeconomic variables of the Pakistan economy by disaggregating commodity price indices into seven different groups, namely food, clothing and footwear, housing, energy, transport, education, health, and others. It uses monthly data from July 2008 to June 2020 and employs the SVAR model for data analysis. The results of our study provide insight that all commodity price shocks are not alike for the macroeconomy of Pakistan, and different commodity price groups affect the economy differently with different magnitude. We note that energy price shock has a dominant positive impact on the interest rate, food price shock on inflation, and health price shock on the exchange rate. Whereas education price shock has a dominant-negative impact on output. The findings of our study may help policymakers control the prices of commodities that are more harmful to the macroeconomy of Pakistan and allow the one that generates a positive impact. |
| Keywords | Commodity Price shocks; Inflation; Output; Exchange rate; Interest rate |
| Year | 2021 |
| Volume | 17 |
| Issue | 2 |
| Type | Research paper, manuscript, article |
| Recognized by | Higher Education Commission of Pakistan, HEC | Category | "Y" | Journal Name | IBT Journal of Business Studies | Publisher Name | ILMA University | Jel Classification | DOI | - | ISSN no (E, Electronic) | 2409-6520 | ISSN no (P, Print) | 2414-8393 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Reviews Type | Blind Peer Reviewed | Format | Paper Link | http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/17.2/3.pdf |