COMMUNITY HEALTH, QUALITY EDUCATION AND POVERTY REDUCTION: HOW IMPORTANT THE FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH ARE IN PAKISTAN?

Abstract

The main focus of the study is to investigate the strength of binding between financial development, economic growth and sustainable development goals (SDGs) including community health, education and poverty reduction for Pakistan. The autoregressive distributed lag approach was used to analyze the relationship among the variables using data ranging from 1972 to 2018. The empirical evidences showed a joint collision of financial development and economic growth on SDGs i.e., infant mortality, life expectancy, quality education and poverty reduction. Similarly, SDGs and economic growth together cause the accomplishment of financial development. The attainment of SDGs such as increased private per capita consumption expenditure, enrollment at primary and secondary level and low infant mortality rate and life expectancy along with economic growth showed its impact on the financial development for Pakistan.