Globalization and unemployment in Pakistan

Farid Ullah; Abdur Rauf; Ghulam Y. Khan; Vince Daly

Globalization and unemployment in Pakistan

Farid Ullah
, Abdur Rauf
, Ghulam Y. Khan
, Vince Daly

Research output: Working paper › Discussion paper

Abstract

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.

Original language	English
Place of Publication	Kingston upon Thames, U.K.
Publisher	Faculty of Arts and Social Sciences, Kingston University
Number of pages	16
Publication status	Published - 15 Feb 2017
Externally published	Yes

Publication series

Name	Economics Discussion Paper
Publisher	Faculty of Arts and Social Sciences, Kingston University
No.	2017-02

Keywords

ARDL
Economics and econometrics
Globalization
Pakistan
Unemployment

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2017 002Final published version, 702 KBLicence: Unspecified

https://ideas.repec.org/p/ris/kngedp/2017_002.html

Cite this

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N2 - 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.

AB - 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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KW - Economics and econometrics

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KW - Unemployment

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ER -

Globalization and unemployment in Pakistan

Abstract

Publication series

Keywords

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