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THE IMPACT OF PUBLIC SPENDING ON POVERTY THROUGH THE CHANNEL OF SOCIAL INFRASTRUCTURE AN EMPIRICAL ANALYSIS OF ASIAN ECONOMIES

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02 Pages : 12-23

http://dx.doi.org/10.31703/ger.2020(V-IV).02      10.31703/ger.2020(V-IV).02      Published : Dec 2020

The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies

Abstract

    This study empirically investigated the mediating role that education plays to channelize Public Spending towards Poverty alleviation in Asian economies. To capture the direct and indirect link between the main explained variable poverty and explanatory variable Public Spending, a relatively new methodology known as Moderated Mediation, has been adopted. For empirical analysis, Seemingly Unrelated Regression technique (SUR) was employed. Results revealed an inverse and significant relationship between Public Spending and Poverty in direct as well as indirect way. The direct impact of public spending on Poverty alleviation programs expressed a strong impact on poverty reduction. The indirect impact that public spending has on poverty through education found inverse and highly significant. The high rate of population growth, unemployment and high inflation cause poverty in sampled Asian economies. Suitable policies need to be adopted in order to cope with poverty in the aforementioned economies.

    Public Spending, Social Infrastructure, Poverty, Moderated Mediation Model, Asian Countries.

    (1) Muhammad Akbar
    PhD Scholar, Department of Economics, National University of Modern Languages, Islamabad, Pakistan.
    (2) Sabahat Subhan
    Assistant Professor, Department of Economics, National University of Modern Languages, Islamabad, Pakistan.
    (3) Haidar Farooqe
    Lecturer, Department of Economics, National University of Modern Languages, Islamabad, Pakistan.
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Cite this article

APA

    APA : Akbar, M., Subhan, S., & Farooqe, H. (2020). The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies. Global Economics Review, V(IV), 12-23. https://doi.org/10.31703/ger.2020(V-IV).02

CHICAGO

    CHICAGO : Akbar, Muhammad, Sabahat Subhan, and Haidar Farooqe. 2020. "The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies." Global Economics Review, V (IV): 12-23 doi: 10.31703/ger.2020(V-IV).02

HARVARD

    HARVARD : AKBAR, M., SUBHAN, S. & FAROOQE, H. 2020. The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies. Global Economics Review, V, 12-23.

MHRA

    MHRA : Akbar, Muhammad, Sabahat Subhan, and Haidar Farooqe. 2020. "The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies." Global Economics Review, V: 12-23

MLA

    MLA : Akbar, Muhammad, Sabahat Subhan, and Haidar Farooqe. "The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies." Global Economics Review, V.IV (2020): 12-23 Print.

OXFORD

    OXFORD : Akbar, Muhammad, Subhan, Sabahat, and Farooqe, Haidar (2020), "The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies", Global Economics Review, V (IV), 12-23

TURABIAN

    TURABIAN : Akbar, Muhammad, Sabahat Subhan, and Haidar Farooqe. "The Impact of Public Spending on Poverty through the Channel of Social Infrastructure: An Empirical Analysis of Asian Economies." Global Economics Review V, no. IV (2020): 12-23. https://doi.org/10.31703/ger.2020(V-IV).02