Assessing the Relationship between Poverty and Economic Growth: Does Sustainable Development Goal Can be Achieved?

Zhu, Yu; Bashir, Shahid; Marie, Mohamed

doi:10.1007/s11356-021-18240-5

Cited by 34 publications

(24 citation statements)

References 47 publications

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“…However, based on existing economic theory, the present study supports Sachs (2015), Capelle-Blancard et al (2019) and Crifo and Forget (2015) when ESG is considered. Regarding poverty and SPI, the current findings contradict previous studies (Breunig and Majeed, 2020;Amar and Pratama, 2020;Erlando et al, 2020;Zhu et al, 2022). Considering FI, the current findings oppose Ajakaiye and Tarp (2012) and Van (2021) and do not support the endogenous economic theory.…”

Section: Comparison With the Previous Studiescontrasting

confidence: 99%

“…2.5.1 Poverty and the nation's development. From the theoretical perspective of economic convergence, Sachs (2015) argues that higher poverty lowers economic development (Breunig and Majeed, 2020;Amar and Pratama, 2020;Erlando et al, 2020;Zhu et al, 2022). As for low income, poor people can use their income for subsistence.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

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Do countries capture their inclusive growth, sustainability, and poverty correctly? A study on statistical performance indicators defined by World Bank

Rastogi

Singh

Kanoujiya

2023

SRJ

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Purpose Nowadays, informed decision-making is catching up. Technological advancements and computing ability further fuel and facilitate this tilt toward informed decision-making. In such a scenario, data is cynosure. Therefore, the ability to gather data by a nation (incredibly accurate public data) becomes equally important and relevant, as measured by statistical performance indicators (SPI). This study aims to explore the association of financial inclusion (FI); environmental, social and governance (ESG); poverty; and SPI. Design/methodology/approach The panel data of 140 nations for nine years are gathered to explore the association of FI, ESG and poverty with the SPI. Panel data estimation is conducted to arrive at the results. Findings The findings of this study highlight mixed outcomes for FI. ESG is positively associated with SPI, but poverty is not associated with SPI. These findings imply that an increase in FI may reduce the statistical capacity of the nations. An increase in ESG increases the capacity. However, change in poverty does not influence the SPI. The recommendation based on this study’s outcome suggests auditing the FI and poverty vis-à-vis SPI to ensure SPI’s veracity and robustness in the long run. Originality/value The way in which the individual social, economic and environmental indicators influence the SPI needs to be tested to establish the veracity and robustness of the SPI, which is barely researched as observed in the literature.

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Section: Comparison With the Previous Studiescontrasting

confidence: 99%

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Do countries capture their inclusive growth, sustainability, and poverty correctly? A study on statistical performance indicators defined by World Bank

Rastogi

Singh

Kanoujiya

2023

SRJ

View full text Add to dashboard Cite

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“…The BRI aims to reduce poverty in various ways, such as promoting economic growth, international trade, and innovation capacity through cooperation in green finance, green energy, and green trade (Harlan, 2021). This development‐oriented poverty reduction model not only increases employment opportunities and income levels for countries but also allows impoverished populations to participate in the economic growth process and share in the benefits of growth (Zhu et al, 2022). This poverty reduction effect is particularly evident in African countries, the BRI investments and foreign trade cooperation contribute to poverty reduction efforts in Africa.…”

Section: Literature Reviewmentioning

confidence: 99%

Innovation capability, global cooperation, and sustainable development along the Belt and Road Initiative

Wang,

Gong,

Yang

2023

Sustainable Development

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Although the Belt and Road Initiative (BRI) has become the largest global platform for economic, social, and energy cooperation, there remains a question of how to effectively utilize its globalizing role to promote sustainable development among the countries along the route. Innovation capability is identified as the key to resolving sustainable development issue, because innovation capability has the potential to effectively reconcile the conflict between economic development and environmental conservation. Therefore, this study has opted to utilize a sample of 99 countries across the globe, comprising of 78 BRI countries and 21 non‐BRI countries. The DDD model has been employed to examine the impact of innovation capability on sustainable development in the BRI. The result shows that BRI can contribute to the achievement of green sustainable development. Innovation serves as an effective means to improve green sustainable development, which can be achieved through green technical progress and green technical efficiency. In addition, global cooperation has a significant moderating effect on this outcome, with the foreign direct investment and trade capability being the main moderators of economic global cooperation, while digital capability, infrastructure, and social exchange are the main moderators of social global cooperation. Finally, in the regional heterogeneity analysis, we find that the results of the role of the four continents are more consistent with the regression results of the total world sample, the difference being that the moderating role of global cooperation is not consistent across states.

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“…It is well known that income inequality and economic growth are usually regarded as exogenous shocks to an economy due to poverty. Inequality seems to be closely related to poverty, and scholars generally believe that it will have a negative impact on economic growth [68]. As pointed out in the literature by Bui et al [69], the existence of inequality can undermine the effective implementation of policies, thereby hindering economic growth.…”

Section: E Role Of Income Inequality In Economic Growth Andmentioning

confidence: 99%

Dynamic Nonlinear Connectedness between the Financial Inclusion, Economic Growth, and China’s Poverty Alleviation: Evidence from a Panel VAR Analysis

et al. 2022

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Whether financial inclusion and economic growth can sustainably release poverty alleviation effects in long term has been the focus of academia and government sector. This article uses provincial panel data from 2004 to 2019 to examine the dynamic nonlinear connectedness between the financial inclusion, economic growth, income inequality, and poverty alleviation; the main objective is to reveal the direction and intensity of the long-term and short-term impact of each factor on poverty alleviation. By building a panel vector autoregression model (PVAR), the comparison analyses of national, eastern, central, and western sample groups verify the existence of dynamic nonlinear connectedness among the four variables. The study found that there is complex bidirectional causality between these variables, financial inclusion has the long-term impact on promoting poverty alleviation in China, the impact of economic growth is relatively weak, and income inequality has weakened the positive impact of financial inclusion on poverty alleviation. Through the analysis of impulse response function, variance decomposition, and time-varying nonparametric estimates in different economic regions, we find that the impact of financial inclusion on poverty alleviation presents a U-shaped characteristic, and the contribution of financial inclusion to poverty alleviation in western regions is significant, but poverty reduction in eastern and central region mainly depends on economic growth. For policymakers, financial inclusion can be an effective way to alleviate relative poverty, but the poverty governance should focus more on reducing income inequality in China.

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Assessing the Relationship between Poverty and Economic Growth: Does Sustainable Development Goal Can be Achieved?

Cited by 34 publications

References 47 publications

Do countries capture their inclusive growth, sustainability, and poverty correctly? A study on statistical performance indicators defined by World Bank

Do countries capture their inclusive growth, sustainability, and poverty correctly? A study on statistical performance indicators defined by World Bank

Innovation capability, global cooperation, and sustainable development along the Belt and Road Initiative

Dynamic Nonlinear Connectedness between the Financial Inclusion, Economic Growth, and China’s Poverty Alleviation: Evidence from a Panel VAR Analysis

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