There is increasing concern that
growth in most part of the world
in not distributed equitably. This is particularly
the situation in Pakistan, where the economic
growth is uneven and biased toward the affluent.
This study aims to present empirical analysis to
characterize the association between inclusive
growth and its macro-economic determinants in
Pakistan. In this context, the study employs annual
time-series data for 23 years (1994-2017). In order
to obtain long-run and short-term results, both
auto-regressive distributed lag (ARDL) and error
correction model (ECM) was being implemented.
The findings of the study reveal that infrastructure
development and government consumption have a
positive and significant impact on the long-term
inclusive growth of Pakistan. In contrast, a
negative relationship is being observed between
inflation, health expenditure and inclusive growth.
Based on the findings, the study suggests that
policymakers should develop appropriate policies
to promote healthy government expenditure,
infrastructure development, control inflation, and
bring transparency in the health sector for fostering
inclusive growth in Pakistan.
1-Vivek Anand Assistant Professor, Isra University Hyderabad, Sindh, Pakistan.2-Muhammad Qasim Nizamani Assistant Professor, Department of Media & Communication Studies, University of Sindh Jamshoro, Sindh, Pakistan.3-Farheen Qasim Nizamani Assistant Professor, Department of Media & Communication Studies, University of Sindh Jamshoro, Sindh, Pakistan.