TITLE:
Fiscal Decentralization and Socioeconomic Implications in Pakistan: Focus on Pre & Post 7th NFC Award
AUTHORS:
Nadia Farooq
KEYWORDS:
Fiscal Decentralization, Fiscal Management, Public Policy, Health & Education Services, Economic Growth
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.11 No.9,
September
25,
2023
ABSTRACT: This
paper investigates the socioeconomic impact of fiscal decentralization in
Pakistan. The time-series sample during 1982-2018 is divided between pre and
post-periods of the 7th National Finance Commission (NFC) Award of
2009. The socioeconomic impacts were separated into growth, education, and
health. Results found that there is a positive long-run relationship across the
variables. At the same time, the total effect from composite decentralization
has positively impacted economic growth and education but none to the health
sector after the 7th NFC award. The outcomes have been elaborated
with socioeconomic analysis. The study also provides policy recommendations
based on empirical outcomes.