The Nexus between Economic Growth and Poverty Reduction

Azad P

ISBN 10: 3845420758 / ISBN 13: 9783845420752

Published by LAP LAMBERT Academic Publishing Jul 2011, 2011

About this Item

Neuware -At present a near consensus exists among social scientists that there is a trade-off between economic growth and poverty reduction. The responsiveness of poverty to economic growth is expressed in terms of growth-elasticity of poverty which is said to be an increasing function of aggregate level of development and decreasing function of inequalities in income. There exist wide differences among the Indian states in terms of the magnitude of growth-elasticity of poverty. The change in income inequality does not seem to have any significant influences on the magnitude of growth-elasticity of poverty. On the other hand, poverty reduction is highly correlated with levels of human development, infrastructure development, and government development expenditure.It is the differences in the development indicators which explain why some states could achieve high poverty reduction with low economic growth, while others could achieve low poverty reduction with high economic growth, and why in spite of identical rates of economic growth extent of poverty reduction differed among the states.Books on Demand GmbH, Überseering 33, 22297 Hamburg 112 pp. Englisch.

Seller Inventory # 9783845420752

Bibliographic Details

• Title: The Nexus between Economic Growth and Poverty Reduction
• Publisher: LAP LAMBERT Academic Publishing Jul 2011
• Publication Date: 2011
• Language: English
• ISBN 10: 3845420758
• ISBN 13: 9783845420752
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 7D millimeters 220 millimeters width by 150 millimeters height by 7 millimeters depth
• Weight: 185 grams

About this title

Synopsis

At present a near consensus exists among social scientists that there is a trade-off between economic growth and poverty reduction. The responsiveness of poverty to economic growth is expressed in terms of growth-elasticity of poverty which is said to be an increasing function of aggregate level of development and decreasing function of inequalities in income. There exist wide differences among the Indian states in terms of the magnitude of growth-elasticity of poverty. The change in income inequality does not seem to have any significant influences on the magnitude of growth-elasticity of poverty. On the other hand, poverty reduction is highly correlated with levels of human development, infrastructure development, and government development expenditure.It is the differences in the development indicators which explain why some states could achieve high poverty reduction with low economic growth, while others could achieve low poverty reduction with high economic growth, and why in spite of identical rates of economic growth extent of poverty reduction differed among the states.

About the Author

AZAD.P took MA degree from University of Calicut and M Phil degree from Pondicherry Central University.Presently,he is working as an Assistant Professor in the Department of Economics,MES Kalladi College Mannarkkad,Palakkad,Kerala.His major fields of study are economic development,migration,health and labour economics