Author(s)

Nadia Farooq

Asian Development Bank, Islamabad, Pakistan.

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 7^th 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 7^th NFC award. The outcomes have been elaborated with socioeconomic analysis. The study also provides policy recommendations based on empirical outcomes.

Fiscal Decentralization, Fiscal Management, Public Policy, Health & Education Services, Economic Growth

Farooq, N. (2023) Fiscal Decentralization and Socioeconomic Implications in Pakistan: Focus on Pre & Post 7^th NFC Award. Open Journal of Social Sciences, 11, 471-492. doi: 10.4236/jss.2023.119031.