Impact of Agitational Politics on Inflation: A Case Study of Pakistan
Abstract
This research explores the impacts of agitational politics on economic development especially in a developing state like Pakistan. Political stability is a basic requisite for economic development and social integrity. Political parties play a pivotal role in political stability. Economic development and advancement are possible if the country is politically stable. It directly influences economic growth. In the case of Pakistan agitational politics, political vulnerabilities and inside security issues have undermined the financial advantageous situations. Shocks and effects of political events such as Lawyer movement 2007, Azadi and Inqilab March 2014 directly influenced the inflation rate from 2007 to 2018. Inflation is a negative proportional factor in economic growth. The inflation rate is an annual percentage of the cost of goods and services of the consumer’s basket. In this research paper, Inflation is used as the dependent variable, whereas agitational politics as an independent variable. Due to agitational politics, the inflation rate and consumer price index (CPI) directly affected.
Authors
Khadija Murtaza
PhD Research Scholar, Department of Political Science & IR, GC University Faisalabad, Pakistan
Dr. Mian Muhammad Azhar
Assistant Professor, Department of Political Science & IR, GC University Faisalabad, Pakistan
Zainab Murtaza
PhD Research Scholar, Department of Political Science & IR, GC University Faisalabad, Pakistan
Keywords
Agitational Politics, Economic Growth, Political Stability, Inflation, CPI