Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques
The present study is about to elucidate the relationship between globalization and inflation in the South Asian Region. This study is carried out for period of 1081-2016 for four south Asian countries. Panel data techniques were put into investigation. Panel unit root tests reported that the variables are of I(0) and I(1). Hausman test revealed that Pooled Mean Group is suitable for estimation i.e. ARDL. Results showed that the globalization forces considerably and significantly determine inflation. In case of individual country it affected inflation a little different; it is highly significant in case of Bangladesh and Sri-Lanka and less effective for India and Pakistan. Bangladesh and SriLanka may get benefit from protectionist policy to control inflation. We can conclude that large countries are less affected i.e. India and Pakistan. Due to large size of the country external forces are inefficient to affect domestic structure considerably. A small country is expected to be affected more, therefore, it is recommended that small countries should adopt the policies of globalization more carefully.
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Globalization, Inflation, South Asian Countries, Panel Ardl
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(1) Sher Ali
Assistant Professor, Department of Economics, Islamia College Peshawar (Public Sector University), KP, Pakistan.
(2) Abid Ali
Lecturer, Department of Economics, Islamia College Peshawar, KP, Pakistan.
(3) Saleem Khan
Assistant Professor, Department of Economics,Abdul Wali Kahn University Mardan, KP, Pakistan.
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Cite this article
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APA : Ali, S., Ali, A., & Khan, S. (2019). Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques. Global Social Sciences Review, IV(II), 245-253. https://doi.org/10.31703/gssr.2019(IV-II).32
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CHICAGO : Ali, Sher, Abid Ali, and Saleem Khan. 2019. "Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques." Global Social Sciences Review, IV (II): 245-253 doi: 10.31703/gssr.2019(IV-II).32
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HARVARD : ALI, S., ALI, A. & KHAN, S. 2019. Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques. Global Social Sciences Review, IV, 245-253.
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MHRA : Ali, Sher, Abid Ali, and Saleem Khan. 2019. "Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques." Global Social Sciences Review, IV: 245-253
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MLA : Ali, Sher, Abid Ali, and Saleem Khan. "Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques." Global Social Sciences Review, IV.II (2019): 245-253 Print.
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OXFORD : Ali, Sher, Ali, Abid, and Khan, Saleem (2019), "Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques", Global Social Sciences Review, IV (II), 245-253
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TURABIAN : Ali, Sher, Abid Ali, and Saleem Khan. "Impact of Globalization on Inflation in Selected South Asian Countries: Using Panel Data Techniques." Global Social Sciences Review IV, no. II (2019): 245-253. https://doi.org/10.31703/gssr.2019(IV-II).32