The Poverty Paradox

Author(s):  
Romain D. Huret

This chapter describes the invention of the modern poverty paradox – the increase of poor people in spite of economic growth in the 1950s. On this matter, the federal government played a pioneering role. By then, poor people were invisible, and federal officials gather statistics and ponder over new tools of measurement.

2015 ◽  
Vol 54 (4I-II) ◽  
pp. 997-1010
Author(s):  
Muhammad Mazhar Iqbal

Zakat is an annual religious levy that is collected from rich Muslims and its proceeds are disbursed among poor people of the society. It has many spiritual and social merits. For example, it purifies the hearts of zakat-givers as they give away a part of their wealth, one of the most precious things in their lives, seeking the pleasure of God without requiring any worldly gains whatsoever. It bridges the social gap between „haves‟ and „have-nots.‟ This study analyses, however, only economic consequences of Zakat for economic growth. They cannot be appreciated duly unless one understands the following concepts of modern economics; various theories of consumption, aggregate demand, stagnation thesis, consumption puzzle, marginal productivity of capital and Kuznets curve.


2021 ◽  
Vol 7 (18) ◽  
pp. 37-58
Author(s):  
Rasaki Olufemi KAREEM ◽  
◽  
Olawale LATEEF ◽  
Muideen Adejare ISIAKA ◽  
Kamilu RAHEEM ◽  
...  

The study focused on the impact of health and agriculture financing on economic growth in Nigeria from 1981 to 2019. The study utilized the time series data which was extracted from Central Bank of Nigeria annual statistical bulletin. Unit Root test was performed with the use of Augmented Dickey-Fuller test in order to ascertain the stationarity of all the variables and they were all found to be stationary at order 1 in the two specified models (composite and disaggregated). Error Correction Model (ECM) was used to analyze the data in order to determine the speed of adjustment from the short run to the long run equilibrium state. Casualty test was used to confirm causal relationship among the variables of interests. The study revealed that Federal Government expenditure in Health sector has a significant effect on economic growth in Nigeria. Federal Government expenditure in Agricultural sector equally had a positive effect on economic growth but surprisingly not significant. Considering the disaggregated form, Federal Government capital expenditure in both Health and Agricultural sectors have positive and statistically significant effect on economic growth while Federal Government recurrent expenditure on health has a positive and statistically insignificant effect in economic. It was also revealed that there is causal relationship among the variables. Based on the findings, the study concluded that Federal Government Expenditure in Health Sectors and Agriculture Sectors have effect on economic growth in Nigeria.


Faktor Exacta ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 73
Author(s):  
Nurfidah Dwitiyanti ◽  
Septian Wulandari ◽  
Noni Selvia

<p>The population of Indonesia from year to year has increased. The increase in population must also be accompanied by increased economic growth in Indonesia. The increase in economic growth in Indonesia is marked by the reduction in the number of poor people in Indonesia. In addition, the increase in economic growth is reflected in the equitable distribution of public income in the country. Even though there are still many Indonesian people who are not yet prosperous in economic terms. To overcome, it is necessary to have clustering and characteristics of 34 provinces in Indonesia by implementing the Modification Maximum Standard Deviation Reduction (MMSDR) graph clustering algorithm. The data used are indicators of public welfare in 2017 obtained from the Central Statistics Agency. There are 9 indicators of community welfare used in this research. There are four stages in the MMSDR algorithm namely the "MST", "Subdivide", "Biggest Stepping" and "Create Clusters" processes. The results of this study can be seen from the distance between the nodes or between one province and another province produced 22 clusters. From the cluster results obtained using the MMSDR algorithm on welfare data, there are many clusters formed with cluster members formed at most two nodes (province).</p><p> Keywords: MMSDR, Clustering, Welfare of People</p>


2019 ◽  
Vol 6 (1) ◽  
pp. 81
Author(s):  
Abdul Latif Hamzah ◽  
Anifatul Hanim ◽  
Herman Cahyo

Conditions in Jember Regency from year to year economic growth is quite high, but the poverty level is very high as well. This study aims to determine the effect of investment and inflation on the number of poor people in the district of Jember in 2000- 2015. The method used in this research is multiple linear regression. The data used are secondary data formed in time series, the data used include investment, inflation in Jember district for 16 years in the year 2000-2015. Based on the results of the research, it can be seen that investment variables do not significantly affect the number of poor people in Jember, while Inflation has a significant effect on the number of poor people in Jember. Keywords: total investment, inflation, and poor people.


2015 ◽  
Vol 15 (3) ◽  
pp. 253-256
Author(s):  
Siti Nurazira Mohd Daud ◽  
Jan M. Podivinsky

2021 ◽  
pp. 1-15
Author(s):  
Tulus Tahi Hamonangan Tambunan

This study tends to examine the impacts of the Covid-19 pandemic on the Indonesian economy with the focus on economic growth, poverty, income distribution, unemployment, tourism sector, and businesses. More specifically, this study tries to answer the following two questions. First, how serious has been the negative shock of the Covid-19 pandemic on the Indonesian economy, especially on economic growth, employment, wages, poverty, inequality, tourism activities and businesses? Second, what were the main economic transmission channels through which the Covid-19 pandemic have caused that negative shock? It adopted an exploratory methodology with a comprehensive review of available literature, including policy documents, research papers, and reports and secondary data analysis. Data used was from the National Bureau of Statistics (BPS). It reveals that the Covid-19 pandemic has affected the Indonesian economy through four main channels: (i) declined domestic demand as a direct consequence of the "anti-Covid-19 impact" policy; (ii) declined export; (iii) declined imports of processed raw materials and auxiliary materials; and (iv) increased poor people as many employees have been laid off, or their wages were cut. As a result, the country's economy experienced a growth contraction of 2.07 percent, the number of foreign tourists visited Indonesia dropped significantly, the unemployment rate as well as the percentage of poor people increased, the Gini ratio experienced an increase, and many companies have suffered huge losses, especially in the tourism sector and also those whose businesses were very dependent on this sector such as transportation and food and beverage companies, as well as hotels and other accommodation provider companies.


Author(s):  
Romain D. Huret

This chapter describes the challenge of the myth of an affluent society in the 1950s and early 1960s. Social experts transformed a technical and statistical knowledge into a political project that reintegrated poor people into the American society. Their crusade reinvigorates the old belief in the Western World of putting an end to poverty.


Cliometrica ◽  
2009 ◽  
Vol 3 (3) ◽  
pp. 191-219 ◽  
Author(s):  
Barry Eichengreen ◽  
Albrecht Ritschl
Keyword(s):  

Significance The move follows the Senate's failure again yesterday to agree on spending priorities and immigration, the same policy disagreements which prevented a spending deal being passed by midnight on January 19. This has thrown the federal government into its first shutdown since 2013. Impacts Trump's support for "comprehensive immigration reform" may not hold. If US economic growth continues, this may push up illegal immigration, absent security enhancements. Challenges from the state governments over immigration reforms are possible. If Republicans are seen as anti-immigrant, gaining non-traditional constituencies' votes, including minorities, will be hard.


1984 ◽  
Vol 100 ◽  
pp. 849-865 ◽  
Author(s):  
Nicholas R. Lardy

Marxist economists and socialist planners share the view that the major objective of socialist economic development is to meet the needs of mass consumption. During the debates that followed the death of Mao Zedong in 1976 there was a searching examination of the extent to which development policy in the previous two or more decades had succeeded in raising living standards. A central premise of the policies of reform and Readjustment that emerged by the late 1970s from this debate was that consumption growth since the 1950s had been too slow. What was the evidence to support this contention? In what ways has policy since 1978 sought to redirect economic growth towards increased levels of consumption? Have these policies been successful and to what extent are they likely to continue to raise living standards?


Sign in / Sign up

Export Citation Format

Share Document