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

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...

The Impact of Globalization on Nigeria’s Economy: The Case of the Agricultural Sector

The study examines the impact of globalization on the Nigeria agricultural sector. Both primary and secondary data were collected and analyzed with non-paramedic chi-square and regression analysis. The findings confirm...

What is the Effect of Inflation on Consumer Spending Behaviour in Ghana?

The paper examines the effect of inflation on consumer spending behaviour in Ghana during the period 1964 to 2013 using annual data. The analysis of the results was done using Ordinary least square test (OLS), the Joha...

Development of Women Entrepreneurs in Indonesia: Are They Being 'Pushed' or 'Pulled'?

The purpose of this paper is to discuss the development of women entrepreneurs in Indonesia with the focus on identifying the key determinants of women involvement as entrepreneurs. This paper has two key questions. Fi...

Education as a Social Good for Economic Growth in Hawaii

In this paper, we use data on secondary school graduates per worker in Hawaii as a proxy for social good and human capital to examine its effect on economic growth in Hawaii. The aggregate-data analysis shows that Hawa...

Download PDF file
  • EP ID EP28689
  • DOI -
  • Views 254
  • Downloads 7

How To Cite

Rati Ram (2016). Income and Multidimensional Poverty in Developing Countries: A Cross-Sectional Perspective. Journal of Social Economics, 3(4), -. https://europub.co.uk./articles/-A-28689