scholarly journals Public Perception of the Effects of Poverty on Economic Growth in Ghana

2021 ◽  
Vol 8 (5) ◽  
pp. 172-194
Author(s):  
Benjamin B. Omoniyi ◽  
O. O. Ogunwole ◽  
S. O. Owolabi
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Logit Model ◽  
Public Perception ◽  
School Enrollment ◽  
Primary Data ◽  
Consumption Expenditure ◽  
Aggregate Consumption ◽  
The Poor ◽  
Determinants Of Economic Growth

The paper examined public perception of the effects of poverty on economic growth in Ghana. It specifically examined public perception on the relationship between poverty and economic growth in Ghana using a combination of descriptive statistics and Logit Model to analyse the primary data collected. The result revealed that poverty does not lower investment, per capita income was not high enough to reflect Ghana’s resources, it was also discovered that poverty programmes are effective and standard of living were inadequate. The paper further discovered that unemployment rate was not too high in Ghana. Corruption does not pose any threat to poverty and economic growth. There existed low income inequality between the rich and the poor but income was not evenly distributed while  inflation does not increased the plight of the poor or deteriorates the living standard of the poor. The result further discovered that government performance was inadequate, lifespan was low, Ghana was able to meet MDGs goal by the end of 2015 but may not be able to sustain the achievement beyond 2015. Above all, poverty decisively slowed down the pace of economic growth in Ghana. The result of the Logit model showed that unemployment, corruption, secondary school enrollment, government policy, life-expectancy and poverty retarded economic growth while investment, aggregate consumption expenditure, pattern of income distribution and inflation, enhanced economic growth in Ghana. The result further revealed that only investment, aggregate consumption expenditure and inflation are the determinants of economic growth in Ghana. The paper concluded that poverty slowed down the pace of economic growth in Ghana. The paper therefore recommends that government should introduce and maintain policies that will permit improved relationships between poverty and other variables except investment, welfare and inflation so that they can positively and significantly contribute to increase economic growth in Ghana.

Fostering Economic Development: Is External Finance Responsible for the Poor Economic Growth in Sub-Saharan Africa?

2016 ◽  
Vol 16 (2) ◽  
pp. 313-347 ◽  
Author(s):  
Ehizuelen Michael Mitchell Omoruyi ◽  
Huang Meibo
Keyword(s):  
Economic Growth ◽  
Transmission Mechanism ◽  
Sub Saharan Africa ◽  
Consumption Expenditure ◽  
Ceteris Paribus ◽  
External Finance ◽  
The Poor ◽  
Sub Saharan ◽  
Positive Effect ◽  
Robust Consensus

On the question of whether external finance stimulates GDP growth, the profession offers inconclusive as well as frequent contradictory outcomes. While waiting for a robust consensus, this paper addressed directly the mechanisms through which external finance should influence economic growth. Investment was identify as the most significant transmission mechanism, and as well considers effects via funding regime consumption expenditure and import. By employing the residual generated repressors’, we accomplish a measure of the overall influence of external finance on economic growth, accounting for the influence through investment. Based on the pooled panel outcomes, a sample of twenty-five Sub-Saharan Africa economies were examine over the period of 1970–1997; the result indicates that there is a significant and positive effect of overseas assistance on economic growth, ceteris paribus. Based on average, each 1 % point upsurge in the aid/GNP ratio contributes one-quarter of 1 % point to the growth rate. Therefore, the poor economic growth in Africa should not be attributed to external finance ineffectiveness.

scholarly journals Investment Need Plans Analysis Using ICOR Method in Kuningan Regency as Metropolitan Cirebon Raya

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Neni Nurhayati ◽  
Dadang Suhendar
Keyword(s):  
Economic Growth ◽  
Research Method ◽  
Secondary Data ◽  
Analytical Description ◽  
Primary Data ◽  
Resource Potential ◽  
Analysis Technique ◽  
Output Ratio ◽  
One Year ◽  
Determinants Of Economic Growth

This paper aimed at answering the goal of establishing Cirebon Raya Metropolitan as a center for economic development. Accelerated development is needed to increase economic growth in Kuningan Regency as one of the Greater Cirebon Metropolitan Area by increasing investment realization. Because one of the determinants of economic growth is investment, an analysis of the investment needs plan and data on investment sectors that are potential to be developed in Kuningan District are needed. Through this research, accurate data is obtained about the condition and development of investment in Kuningan Regency.To achieve this goal, an analytical description research method was conducted with data sources in the form of primary data and secondary data sourced from DPMTPSP, Bappeda, and BPS in Kuningan Regency related to Sectoral GRDP and investment data in both Kuningan and West Java Provinces. The data analysis technique uses the Incremental Capital Output Ratio (ICOR) method. This study lasted for 1 (one) year. The results of the study show that in welcoming the Greater Cirebon Metropolitan, the investment in the base sector in Kuningan Regency must be focused on the development of the Education Services, Transportation and Warehousing sector, and the agricultural and tourism products processing industries based on Agriculture, and natural resource potential.

scholarly journals A Panel Data Analysis of Economic Growth Determinants in 34 African Countries

2021 ◽  
Vol 14 (6) ◽  
pp. 260
Author(s):  
Larissa Batrancea ◽  
Malar Mozhi Rathnaswamy ◽  
Ioan Batrancea
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Human Development ◽  
Low Income ◽  
Panel Data Analysis ◽  
African Countries ◽  
Gdp Growth Rate ◽  
Wide Range ◽  
Domestic Savings ◽  
Determinants Of Economic Growth

The research study investigated the economic determinants of economic growth in 34 countries across Africa during a two-decade period (2001–2019). For this purpose, the sample included a wide range of economies, from low income to high income and from low human development to high human development, according to recent international rankings provided by the World Bank and the United Nations Development Programme. By means of a multimodal approach centered on panel data modelling, we showed that economic growth, proxied by the GDP growth rate, was substantially influenced by economic indicators such as imports, exports, gross capital formation, and gross domestic savings. We also showed that foreign direct investment inflows and outflows play an important role for capital and savings. Our empirical results offer insights on strategies that national authorities could implement to boost economic growth and development across the African continent.

Effect of Financial Technology Loans on Financial Inclusion Among the Unbanked Low-Income Earners in Makueni County

2021 ◽  
Vol 3 (2) ◽  
pp. 1-12
Author(s):  
Samson Mutuku Mule ◽  
Fredrick Wafula ◽  
Nickson Agusioma
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Rural Areas ◽  
Financial Services ◽  
Small Businesses ◽  
Sampling Technique ◽  
Target Population ◽  
Financial Inclusion ◽  
Primary Data ◽  
Financial Technology

Financial inclusion is crucial in fostering individual prosperity, poverty eradication and stimulating economic growth. It is therefore a major policy concern for majority of governments across the world. Despite the rampant growth of financial technology in Kenya, the number of adults who are financially excluded is still high among the rural area residents. Lack of financial services access in rural areas has resulted to rural economic growth retardation and inequality. Further, financial exclusion has led to increased poverty levels because those excluded have been forced to depend on their limited savings to pursue their entrepreneurial interests. Small businesses have had no choice but to rely on their inadequate earnings to pursue viable business opportunities. The main objective of this study was to establish the effect of financial technology loans on financial inclusion among the unbanked low-income earners in Makueni County. Descriptive research design was used, with the target population being the unbanked low-income earners over the age of 18 in Makueni County. A sample size of 384 respondents was chosen using the convenience sampling technique. Personal interviews were conducted using an interview guide to collect primary data. The study found that fintech loans have a positive and significant effect on financial inclusion among the unbanked low-income earners in Makueni County. According to the findings of the study, since the unbanked people in Makueni County associate the use of financial technology loans to meeting personal financial needs and especially coping up with day-to-day expenses and emergencies, this study recommends that such people embrace the use of the fintech loans more as it will aid them in improving their financial lives to a greater extent. This is because for instance, by using the fintech loans, they can create employment for themselves and generate sufficient income by financing micro businesses using this credit.

scholarly journals Is India's Economic Growth Leaving the Poor Behind?

2002 ◽  
Vol 16 (3) ◽  
pp. 89-108 ◽  
Author(s):  
Gaurav Datt ◽  
Martin Ravallion
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Growth Process ◽  
Survey Design ◽  
Poverty Rate ◽  
Left Behind ◽  
The Poor ◽  
Proximate Factors ◽  
Proximate Causes ◽  
The Impact

Has poverty continued to fall with growth in India in the 1990s, or has the nature of the growth process changed, such that the poor have been left behind? This paper tries to answer those questions. We do not attempt to assess the impact of India's macroeconomic reforms of the 1990s on poverty, since this would require identification of the counterfactual of what would have been experienced in the 1990s without the reforms. Rather, our aim is to describe what has happened to poverty in India in the 1990s. In the course of the discussion, we will learn about the proximate causes of changes in India's poverty rate. Moreover, although this discussion is India-specific, it illustrates themes that are often encountered in the analysis of poverty in low-income economies, including difficult issues of survey design and comparability and the proximate factors underlying the responsiveness of poverty to economic growth.

scholarly journals Socio-economic profile of the low income and poor communities in Kuala Lumpur city, Malaysia

2019 ◽  
Author(s):  
Wahid Murad ◽  
Mahadi Hasan ◽  
Saiful Islam ◽  
Md. Mahmudul Alam
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Urban Poverty ◽  
Low Cost ◽  
Policy Implications ◽  
Primary Data ◽  
Kuala Lumpur ◽  
Rapid Urbanization ◽  
Economic Profile ◽  
Poor Communities

It seems to have been apparent in developing nations that economic growth and urbanization are always interrelated. Malaysia's rapid economic growth has also resulted in a considerable growth of urbanization. As gleaned from the other side of the coin, the process of such urbanization had twisted numerous negative impacts on the socioeconomic aspects of the urban low income and poor communities living in the low-cost flats and squatters. One of the major impacts of Malaysia's rapid urbanization is the transformation in the socio-economic profile of the urban low income and poor communities. This paper aims to determine and analyze the socio-economic indicators affecting the profile of the urban low income and poor communities residing in the squatters and low-cost flats of Kuala Lumpur city, Malaysia. To pursue the objective, the study has conducted a field survey, collected primary data from the level of living conditions of the urban low income and poor households and has employed some statistical techniques such as descriptive statistics, analysis of variance (ANOVA), and the chi-square test. The empirical findings of this study appeared to have important policy implications and are expected to enable the respective policy and decision makers in their effort to alleviate urban poverty

INCLUSIVE GROWTH AND THE FREEDOM OF THE POOR

2016 ◽  
Vol 13 (2) ◽  
pp. 110-128
Author(s):  
William Amone
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Sustainable Growth ◽  
Inclusive Growth ◽  
The Poor ◽  
Rapid Economic Growth ◽  
The World ◽  
Food Shortages ◽  
Sustainable Economic Growth ◽  
Determinants Of Economic Growth

This article provides a discussion of economic growth and development, including new perceptions that have arisen. It covers the trending issues of inclusive growth, global poverty and the miraculous economic growth of the East Asian economies. The article identifies the major determinants of economic growth and the key objectives of economic development. It also acknowledges the fact that inclusive and sustainable economic growth is crucial for long-term poverty reduction, and that for growth to be effective in reducing poverty it must be broad-based, targeting the poor or those formerly bypassed by development. Although most regions of the world are achieving rapid economic growth, poverty, unemployment and food shortages seem to be persisting. Inequality and social exclusion are even rising in many countries. Women remain most affected globally in all forms of afflictions. Despite the global advocacy for inclusive growth by the World Bank, IMF, WTO , WHO and OECD, many developing countries are yet to appreciate the concept and to achieve holistic sustainable growth that benefits all people. Asia seems to have witnessed more stable and inclusive growth than other developing regions in the past four decades.

scholarly journals Impact of Zakat Distribution as a Reduction In Poverty Case Study in the Province of West Sumatra

2019 ◽  
Vol 4 (2) ◽  
pp. 1-12
Author(s):  
Dian Fitriarni Sari ◽  
Irfan Syauqi Beik ◽  
Wiwiek Rindayanti
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Primary Data ◽  
Analysis Tool ◽  
Muslim Population ◽  
The Poor ◽  
West Sumatra ◽  
The Government ◽  
Poverty Indicators

West Sumatra Province has a high Muslim population and also has a high amount of zakat funds even though it is not yet potential. Regulation of zakat which is different from other provinces in West Sumatra is the existence of compulsory zakat regulations which are directly deducted from salaries for the State Civil Apparatus (ASN). This has a positive impact on the collection of zakat funds in West Sumatra. This should be accompanied by the application of good zakat to reduce poverty. This study used questionnaire to obtain primary data in the province of West Sumatera. This study had 200 respondents, uses poverty indicators and the average time taken to exit poverty as an analysis tool. The results of this study indicate that zakat can be an instrument to reduce poverty, by empowering zakat effectively and increasing economic growth. This research also proves more concisely when the poor can exit of poverty if compared with the absence of zakat application. As for the implications given in this study, the government is expected to be able to support the existence of zakat as an instrument to reduce poverty and achieve the fulfillment of the potential of zakat which is maximized in the collection.

Introduction

2018 ◽  
pp. 1-10
Author(s):  
Romain D. Huret
Keyword(s):  
Economic Growth ◽  
Inner City ◽  
Low Income ◽  
Ronald Reagan ◽  
War On Poverty ◽  
Poverty Traps ◽  
Low Income Population ◽  
The Poor ◽  
The 1950S ◽  
Economic Boom

In 1983, at the same time that the conservative president Ronald Reagan was lamenting the presence of “welfare queens” on inner-city streets and of “poverty traps” inherited from idealistic 1960s reformers, the Wisconsin economist Robert Lampman was recalling the heady days in 1964 when President Lyndon Baines Johnson launched the War on Poverty. Persistent, grinding poverty in such a prosperous country came as a surprise to many Americans, who believed that such a plight had disappeared amid the postwar economic boom. Lampman candidly acknowledged that even economists had been blinded by the feverish economic growth and seemingly unlimited abundance of the 1950s: “We never used the word ‘poverty.’ We used other words. And so it was something of a shock to an economist to have the word poverty suddenly remerge. It had been consigned to the dustbin. Other words like … Low-income population is one phrase for the poor. So it wasn’t fashionable to talk about the poor or talk about the poverty problem.”...

scholarly journals Parents’ Beliefs about Their Children’s Academic Ability: Implications for Educational Investments

2019 ◽  
Vol 109 (8) ◽  
pp. 2728-2765 ◽  
Author(s):  
Rebecca Dizon-Ross
Keyword(s):  
Academic Performance ◽  
Low Income ◽  
School Enrollment ◽  
Academic Ability ◽  
Performance Information ◽  
Information Frictions ◽  
Academic Level ◽  
The Poor ◽  
Educational Investments ◽  
Heterogeneity Analysis

Schools worldwide distribute information to parents about their children’s academic performance. Do frictions prevent parents, particularly low-income parents, from accessing this information to make decisions? A field experiment in Malawi shows that, at baseline, parents’ beliefs about their children’s academic performance are often inaccurate. Providing parents with clear, digestible performance information causes them to update their beliefs and adjust their investments: they increase the school enrollment of their higher-performing children, decrease the enrollment of lower-performing children, and choose educational inputs that are more closely matched to their children’s academic level. Heterogeneity analysis suggests information frictions are worse among the poor. (JEL C93, D83, I21, I24, J13, O15)

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