Document Type : Quarterly Journal
Authors
1 Assistant Professor, Faculty of Economics and Social Sciences, Bu-Ali Sina University, Hamedan,, Iran
2 Professor, Faculty of Economics and Social Sciences, Bu-Ali Sina University, Hamedan,, Iran
3 MSc of Economics, Faculty of Economics and Social Sciences, Bu-Ali Sina University, Hamedan,, Iran
Abstract
The aim of the present study is to investigate the effect of factors affecting capability poverty in the selected Muslim countries known as the D8 group relying on the Feasible Generalized Least Squares (FGLS) method during the period of 1997-2021. Results show the negative and significant effect of globalization on capability poverty in the D8 countries during the covered period, such that for each unit increase in the globalization index, capability poverty decreases by 1.8%, which indicates a relative improvement in the welfare of these countries. Likewise, the impact of economic growth on capability poverty is positive, so that a one percent increases in economic growth leads to an increase in capability poverty by 0.21 percent. Such finding can be due to not utilization of the benefits of growth to improve welfare infrastructure in the mentioned countries. In addition, the effect of control variables such as inflation and geographical distribution of the population has also been evaluated positively on capability poverty. Based on the findings of the current study, it is recommended to adopt inflation control programs and moving towards the promotion of globalization indicators in the economies of the D8 group.
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