Abstract
The purpose of this paper is to determine the main factors involved in ending poverty in 16 OIC countries over the period 2009-2019. Using System GMM (Generalized Method of Moments) as the best estimation method, the general findings are first that the main factors contributing to the ending of poverty are the previous poverty level, economic growth, trade openness, and government spending. These have been proven by all the variables to have a statistically significant effect on poverty alleviation. Second, the empirical findings also suggest that an increase in foreign direct investment and the inflation rate will increase the level of poverty. However, the remaining variables have an empirically insignificant impact on ending poverty. The conclusions are confirmed to be sound by the robustness tests. Policy recommendations are also provided to the countries examined and also the academics literature on the research topic of poverty. The research findings contribute input for policy formulations to achieve the sustainable development goals (SDGs) developed by the United Nations, especially goal 1 (no poverty).
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Article Details
- Year: 2023
- Volume: 44
- Issue: 1
- Pages: 167 - 198
- Accepted: 15.03.2023
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DOI:
https://doi.org/10.5281/zenodo.16882167 -
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How to Cite?
Sulaeman, Raditya Sukmana (2023). Determining the Main Factors Involved in Alleviating Poverty in the Organization of Islamic Cooperation (OIC) Countries. Journal of Economic Cooperation and Development, 44(1), 167-198. https://doi.org/10.5281/zenodo.16882167
