Abstract:
Economic welfare is essential in the modern economy since it directly reflects the standard of living, distribution of resources, and general social satisfaction, which influences individual and social well-being. This study aims to explore the relationship between national income accounting different attributes and the economic welfare in Pakistan. However, this study used data from 1950 to 2022, and data was downloaded from the World Bank data portal. Regression analysis is used to investigate the relationship between them and is very effective in measuring the relationship between endogenous and exogenous variables. Moreover, generalized methods of movement (GMM) are used as the robustness of the regression. Our results show that foreign direct investment outflow, Gross domestic product growth rate, GDP per capita, higher Interest, market capitalization, and population growth have a significant negative on the unemployment rate, indicating the rise in these factors leads to a decrease in the employment rate in Pakistan. Trade and savings have a significant positive impact on the unemployment rate, indicating the rise in these factors leads to an increase in the unemployment rate for various reasons. Moreover, all the factors of national income accounting have a significant positive relationship with life expectancy, indicating that an increase in these factors leads to an increase in economic welfare and life expectancy due to better health facilities, many resources, and correct economic policies. However, foreign direct investment, inflation rate, lending interest rate, and population growth have significant positive effects on age dependency, indicating these factors increase the age dependency. Moreover, GDP growth and GDP per capita negatively impact age dependency. Similarly, all the national income accounting factors have a significant negative relationship with legal rights that leads to decreased legal rights. Moreover, due to better health facilities and health planning, there is a negative significant relationship between national income accounting attributes and motility rate among children. Our study advocated the implications for the policymakers and the government to make policies for the welfare and increase the social factors.
摘要:
经济福利在现代经济中至关重要,因为它直接反映了生活水平,资源分配,和一般社会满意度,影响个人和社会福祉。本研究旨在探讨巴基斯坦不同属性的国民收入核算与经济福利的关系。然而,这项研究使用了1950年至2022年的数据,数据从世界银行数据门户下载.回归分析用于考察它们之间的关系,在衡量内生变量和外生变量之间的关系方面非常有效。此外,广义运动方法(GMM)被用作回归的稳健性。我们的结果表明,外国直接投资流出,国内生产总值增长率,人均GDP,更高的利息,市值,人口增长对失业率有显著的负面影响,表明这些因素的上升导致巴基斯坦就业率下降。贸易和储蓄对失业率有显著的正向影响,表明这些因素的上升导致失业率上升,原因有很多。此外,国民收入核算的所有因素都与预期寿命有显著的正相关关系,表明这些因素的增加导致经济福利和预期寿命的增加,这是由于更好的卫生设施,很多资源,正确的经济政策。然而,外国直接投资,通货膨胀率,贷款利率,人口增长对年龄依赖性有显著的积极影响,表明这些因素增加了年龄依赖性。此外,GDP增长和人均GDP对年龄依赖性产生负面影响。同样,所有的国民收入核算因素都与法定权利存在显著的负向关系,导致法定权利的减少。此外,由于更好的卫生设施和健康规划,国民收入核算属性与儿童生育率之间存在显著负相关关系。我们的研究主张对决策者和政府制定福利政策并增加社会因素的影响。