Impact of Monetry Policy on Household Prices in Pakistan

Abstract

This study investigates the complex interplay between environmental policies, economic growth, and key control variables across a selection of countries. Utilizing regression analysis, the study explores how pro-environment measures influence economic development. The findings reveal a significant and positive relationship between Environmental Policies and Economic Growth (β=0.9), emphasizing the pivotal role of sustainable environmental practices. The control variables—Initial GDP, Education Levels, and Infrastructure Development—also exhibit positive associations with economic growth, aligning with established economic theories. Robustness checks, including tests for multicollinearity and heteroscedasticity, affirm the reliability of the results. In conclusion, the study provides actionable insights for policymakers, urging the integration of environmental sustainability into broader economic development strategies for sustained and inclusive growth. Future research avenues include temporal and sectoral analyses, as well as addressing causality and potential endogeneity concerns.