Pro-Poor Growth

Purpose of the study: The study aims to investigate the welfare of the citizens of Pakistan and to compare the traditional economic growth rate i.e. IWI with welfare indices i.e. ACEWI, ACPWI-I, ACPWI-II. Methodology: For the welfare index, Ahluwalia and Chenery Welfare Index have been used to evaluate the welfare of the people in Pakistan. The study used time series data from 1990 to 2017. Main Findings: Outcomes stated that the traditional measure of household income growth is far greater than the real growth rate which was measured through ACWI’s. Pakistan’s economy lacks equal distribution of income among different sections of the society because of government fiscal policy. Novelty/Originality of this study: This investigation will provide the policymaker with proper guidance for developing a policy for the fair distribution of the resources to build the standard of living of every citizen in Pakistan

Development economics · Economics · Income distribution · Inequality · Market economy · Novelty · Originality · Political science · Public economics · Welfare · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Law · Mathematics

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