scholarly journals How COVID-19 Quarantine(s) Can Generate Poverty?

2021 ◽  
Vol 15 (3) ◽  
pp. 332-338
Author(s):  
Mario Arturo Ruiz Estrada

This research paper attempts to show visually how the COVID-19 quarantines can generate massive unemployment, constant expansion of inflation, reduction of the purchasing power parity, and poverty expansion from a multidimensional perspective. This visualization is only possible by creating a new multivariate graphical modeling called “The Multidimensional Poverty Kaleidoscope Graph.” The multidimensional poverty kaleidoscope graph is not intended to use a forecasting model in any case. However, its application is not limited to the study of a particular group of countries. It is not constrained by issues about the region or countries interested in applying the multidimensional poverty kaleidoscope graph. There are four primary phases in the implementation of the multidimensional poverty kaleidoscope graph. The first phase is the design of the input-output-table. The second phase is divided into two sections of analysis: the first section of analysis assumes that the COVID-19 quarantine time framework growth rate (Y = Independent variable) impacts directly on our four variables in analysis, such as the inflation growth rate (X1); the unemployment growth rate (X2); purchasing power parity growth rate (X3); the government budget deficit (X4). In the second section of the analysis, the last past four variables in analysis became our dependent variables and directly affected the poverty growth rate (Z). The third phase is the construction of the multidimensional poverty kaleidoscope graph. Finally, the multidimensional poverty kaleidoscope graph was applied to three countries, such as the U.S., Malaysia, and Guatemala.

2014 ◽  
Vol 12 (3) ◽  
pp. 231 ◽  
Author(s):  
Vidya Atal

The Big Mac Index was introduced to (semi-humorously) test the theory of purchasing power parity and measure the disparity in currency values. Instead, in this paper, we consider this index to find out the per capita real-income disparity across 54 countries. We find that the per capita real-income can be very low in some countries even when Big Mac burgers are very cheap, like in India. Among these countries, Hong Kongs per capita Big Mac affordability is the highest with 47 burgers daily whereas Pakistans people could afford just one a day. Additionally, we find that Russia and Chinas Big Mac affordability has been significantly increasing over the last decade, Brazils has remained more or less constant, however USAs Big Mac affordability has been falling, indicating that per capita real-income of Americans has been decreasing over the last decade. Finally, we find that increased role of the government might be negatively correlated to per capita real-income. Czech Republic has been experiencing increased Big Mac affordability as the country has been reducing the governments role; whereas Argentina has been experiencing reduced Big Mac affordability as the country has been moving left and increasing the governments power.


1974 ◽  
Vol 82 (4) ◽  
pp. 809-816 ◽  
Author(s):  
Ryan C. Amacher ◽  
John S. Hodgson

2002 ◽  
Vol 69 (1) ◽  
pp. 72-91 ◽  
Author(s):  
Natalie D. Hegwood ◽  
David H. Papell

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