Abstract
This paper investigated the indicators of poverty reduction. The independent variables are financial development, military expenditure, remittances, trade openness and world oil prices. A time series analysis was conducted from 1980 to 2016. The ADF and Phillip-Perron unit root tests were applied to find the level of co-integration. The study researched the long-run relationship between independent and dependent variables by applying the Auto Regressive Distributed Lag (ARDL) Bound testing approach. The order of integration according to the unit root test is mixed for the variables. In all three countries, the ARDL bound testing approach found the long-run relationship between poverty and its indicators.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call