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The Nexus between Microfinance, Income Inequality and Sustainable Development: Cross-Sectional Evidence from Central Karakoram National Park (CKNP) Region of Gilgit-Baltistan, Pakistan
Abstract
The presence of two major sustainable developments leaks i.e. economic poverty and income inequality among the people living in Central Karakoram national Park (CKNP) are the serious threats to environmental degradation for a developing country like Pakistan. Keeping in view these serious socio-economic and environmental concerns in mind the focus of present research was to examine the connections between microfinance, income inequality and sustainable development in mountainous (CKNP) region of Gilgit-Baltistan Pakistan. Three approaches of income inequality; Gini coefficient, Robbin Hood Index and Quintiles Analysis were applied to investigate the microfinance bias in favor of the income inequality among mountain poor. Empirical investigations are made using cross sectional data collected from four valleys; Bagrote, Haramosh, Rundo and Shigar among two districts; Gilgit and Skardu) of CKNP region applying multi-stage sampling technique to assess the nexus between microfinance, income inequality and sustainable development. The findings of the study demonstrate a positive connection between microfinance, income inequality and sustainable development
Authors
Kifayat Ullah
Ph.D. Scholar, Department of Economics and Agriculture Economics, PirMehr Ali Shah Arid Agriculture University, Rawalpindi, Pakistan
Abdul Saboor
Professor, Department of Economics and Agriculture Economics, PirMehr Ali Shah Arid Agriculture University, Rawalpindi, Pakistan
Abdul Qayyum Mohsin
Assistant Professor, Department of Economics and Agriculture Economics, PirMehr Ali Shah Arid Agriculture University, Rawalpindi, Pakistan
Keywords
Gini Index, Income Inequality, Microfinance,Quintiles Analysis, Sustainable Development
