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- Title
IMPACT OF AGRICULTURAL TRADE LIBERALIZATION ON INCOME INEQUALITY IN PAKISTAN.
- Authors
Khan, Muhammad Aamir; Saboor, Abdul; Rauf-i-Azam; Mohsin, Abdul Qayyum; Fayyaz-ul-Hassan
- Abstract
Trade liberalization has long been recognized as a key element in sustainable development. Liberalized Trade has been adopted by many developing countries to increase economic growth and therefore reducing poverty. In this backdrop, the current study evaluates the impact of Pakistan's agricultural trade liberalization using a modified Global Trade Analysis Project (GTAP) framework. The newly developed MyGTAP program was used to modify the Pakistan's data in the Global GTAP Database and Standard GTAP model to include multiple households and labor types. This disaggregation allows to analyze distributional impacts and to implement policy scenarios that target particular households. The economy wise results showed that agricultural trade liberalization increases income inequality and somewhat detrimental to the rural household types, who guage most of their income from agricultural business. Trade policy must be pursued keeping derivation and distributional narration in view.
- Subjects
PAKISTAN; AGRICULTURE; PURCHASING power; FREE trade; INCOME tax; TAX planning
- Publication
Pakistan Journal of Agricultural Research, 2015, Vol 28, Issue 1, p28
- ISSN
0251-0480
- Publication type
Article