Income and Multidimensional Poverty in Developing Countries: A Cross-Sectional Perspective
Journal Title: Journal of Social Economics - Year 2016, Vol 3, Issue 4
Abstract
Although response of income-poverty to economic growth has been studied extensively by development economists, there seems no work that looks at the role of income-growth in alleviating multidimensional poverty (MDP). To fill this gap, responsiveness of MDP to increase in real GDP per capita is studied for a large cross-section of nearly 100 developing countries around the period 2005-2010. Information on MDP is taken from Human Development Report, while that on GDP per capita is based on World Bank web site. The estimates indicate the income elasticity of MDP to be unity (-1) for the entire sample. It implies that, if percapita income growth in developing countries is of the order of 3% per year, income growth by itself will take more than 23 years to reduce MDP by one-half while Sustainable Development Goals (SDGs) aim at reducing, during the next 15 years, "at least by half...poverty in all its dimensions". Therefore, income growth alone is unlikely to lead to the attainment of the SDG target for MDP, and additional efforts by governments would probably be needed.
Authors and Affiliations
Rati Ram
Keywords
Related Articles
- EP ID EP28689
- DOI -
- Views 270
- Downloads 7
Education as Key Factor on Poverty
Education and poverty are two axes that have been continuously tackled together, since they think education is a key factor to reducing poverty which has not yet been eradicate and is present throughout the world. At p...
Women Empowerment: Interrogating the Effectiveness of The GWAPA Small Business Development Projects Poverty Alleviation Programme in Zimbabwe.
This study sought to evaluate the effectiveness of the GWAPA single mothers poverty alleviation programme. Three hundred and seventy five of the 1756 GWAPA single women members were used as questionnaire respondents, a...
Political Leadership: Entry and Exit
Political organisations come in different forms: national, regional and local besides international ones. One may approach them as legal entities, calling them “states”, regional or local “governments”. Or they may be l...
An Assessment of Nigeria Agricultural and Rural Development Bank’s Micro-Finance Services on Poverty Alleviation in Federal Capital Territory of Nigeria
This work attempts to examine the relationship between the application of microfinance services, particularly microcredit, and the alleviation of poverty. The relationship between education and environment as they affe...
From Coase to Williamson: Evolution, Formalization and Empirics of Transaction Cost Economics
This paper discusses the evolution of transaction cost economics from the time of Ronald Coase to the recent developments by Williamson. Transaction cost economics was pioneered by Ronald Coase in his attempt to unders...