Fractional persistence in income poverty in Africa

Solarin, Sakiru Adebola; Gil-Alana, Luís A.; Gonzalez‐Blanch, Maria Jesus

doi:10.1007/s11205-021-02614-w

Cited by 7 publications

(11 citation statements)

References 32 publications

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“…Furthermore, there are a plethora of previous studies which have adopted this measure of poverty, and examples include Olaniyi et al. (2023), Olaniyi and Ologundudu (2022), Akinlo and Dada (2021), Solarin et al. (2021), Musakwa and Odhiambo (2021), Das et al.…”

Section: Methodology and Data Sourcementioning

confidence: 99%

“…(2014), Odhiambo (2010, 2009) and Quartey (2005). In addition, despite being the world’s second-most populous continent, household consumption expenditures in Africa have been estimated to be among the lowest (Solarin et al. , 2021).…”

Section: Methodology and Data Sourcementioning

confidence: 99%

“…, 2023; Olaniyi and Ologundudu, 2022; Olaniyi et al. , 2023b; Solarin et al. , 2021; Folarin and Adeniyi, 2020; Keho, 2017).…”

Section: Introductionmentioning

confidence: 99%

“…, 2021; Folarin and Adeniyi, 2020; Keho, 2017). In SSA, 45–50% of the population is impoverished (Solarin et al ., 2021; Osinubi, 2005). More people live in abject poverty on the continent than on any other continent on the planet (Hussen, 2023; Solarin et al.…”

Section: Introductionmentioning

confidence: 99%

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Inflation-poverty causal nexus in sub-Saharan African countries: an asymmetric panel causality approach

Olaniyi,

Odhiambo

2024

ITPD

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PurposeThis study examines the roles of cross-sectional dependence, asymmetric structure and country-to-country policy variations in the inflation-poverty reduction causal nexus in selected sub-Saharan African (SSA) countries from 1981 to 2019.Design/methodology/approachTo account for cross-sectional dependence, heterogeneity and policy variations across countries in the inflation-poverty reduction causal nexus, this study uses robust Hatemi-J data decomposition procedures and a battery of second-generation techniques. These techniques include cross-sectional dependency tests, panel unit root tests, slope homogeneity tests and the Dumitrescu-Hurlin panel Granger non-causality approach.FindingsUnlike existing studies, the panel and country-specific findings exhibit several dimensions of asymmetric causality in the inflation-poverty nexus. Positive inflationary shocks Granger-causes poverty reduction through investment and employment opportunities that benefit the impoverished in SSA. These findings align with country-specific analyses of Botswana, Cameroon, Gabon, Mauritania, South Africa and Togo. Also, a decline in poverty causes inflation to increase in the Congo Republic, Madagascar, Nigeria, Senegal and Togo. All panel and country-specific analyses reveal at least one dimension of asymmetric causality or another.Practical implicationsAll stakeholders and policymakers must pay adequate attention to issues of asymmetric structures, nonlinearities and country-to-country policy variations to address country-specific issues and the socioeconomic problems in the probable causal nexus between the high incidence of extreme poverty and double-digit inflation rates in most SSA countries.Originality/valueStudies on the inflation-poverty nexus are not uncommon in economic literature. Most existing studies focus on inflation’s effect on poverty. Existing studies that examine the inflation-poverty causal relationship covertly assume no asymmetric structure and nonlinearity. Also, the issues of cross-sectional dependence and heterogeneity are unexplored in the causal link in existing studies. All panel studies covertly impose homogeneous policies on countries in the causality. This study relaxes this supposition by allowing policies to vary across countries in the panel framework. Thus, this study makes three-dimensional contributions to increasing understanding of the inflation-poverty nexus.

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Section: Methodology and Data Sourcementioning

confidence: 99%

Section: Methodology and Data Sourcementioning

confidence: 99%

“…, 2023; Olaniyi and Ologundudu, 2022; Olaniyi et al. , 2023b; Solarin et al. , 2021; Folarin and Adeniyi, 2020; Keho, 2017).…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Inflation-poverty causal nexus in sub-Saharan African countries: an asymmetric panel causality approach

Olaniyi,

Odhiambo

2024

ITPD

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“…Following the COVID-19 pandemic, the region’s biggest economy—Nigeria—overtook India as the global capital of extreme poverty, though India has more than five times the population of Nigeria (World Bank, 2022; Solarin et al ., 2021). More specifically, about 65% of Nigerians (133 million people) now live in multidimensional poverty, while another 25% (53 million) are vulnerable (World Bank, 2022).…”

Section: Introductionmentioning

confidence: 99%

Financial inclusion and poverty reduction in Nigeria: the role of information and communication technology (ICT)

Olaoye,

Zerihun

2023

AJEMS

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PurposeThe study analyzed the moderating role of information and communication technology (ICT) in the financial inclusion–poverty nexus in Nigeria.Design/methodology/approachThe study adopts a battery of econometric techniques such as the generalized method of moments and the fully modified OLS to control for heterogeneity and endogeneity issues in the poverty literature.FindingsThe results show that ICT (regardless of the measure of ICT adopted) moderates the impact of financial inclusion on poverty in Nigeria. Specifically, the result shows that ICT strengthens the effectiveness of financial inclusion to reduce poverty. In particular, the results show that in the presence of unanticipated macroeconomic shock, ICT can help to deepen financial inclusion, reduce the negative effects of an unanticipated shock and ameliorate poverty in Nigeria. That is, the vulnerability of the poor in Nigeria to unanticipated economic shocks can be reduced by expanding the use of ICT in the financial sector. The research and policy implications are discussed.Originality/valueThe study accounts for the impact of COVID-19.

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Modelling the asymmetric impact of economic growth and poverty on gender inequality: Evidence from India using nonlinear ARDL analysis

Wani,

Haseen,

Khanday

2024

Journal of Public Affairs

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The study is based on the premise that economic growth (henceforth EG) and poverty impact men and women differently. As a result, shocks to these variables cannot be expected to have a symmetric impact on gender inequality (henceforth GI). Rather, positive and negative shocks in poverty and EG impact men and women asymmetrically which necessitates the study of their relationship using an asymmetric rather than a symmetric approach. This study is the first to utilise nonlinear autoregressive distributed lag (NARDL) analysis and asymmetric cumulative dynamic multipliers to investigate the asymmetric impact of EG and poverty on GI in India using annual data over the period 1995–2021. Additionally, we construct a comprehensive index of GI, using principle component analysis (PCA), which is a maiden attempt to account reported crime against women, in addition to gender disparities in health, education, labour market and parliamentary representation. The results report that positive shocks in EG reduce GI and negative shocks increase it. However, negative shocks increase GI more than positive shocks decrease it justifying the asymmetry. With respect to the asymmetric impact of poverty on GI, the study finds that both positive and negative shocks in poverty increase GI, however, the positive shock in poverty has a larger impact than the negative one. This is in consonance with the literature on intrahousehold gender disparities in consumption. The study finds new evidence that EG and poverty reduction favours men more than women and recommends its inclusion in policy formulation.

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Fractional persistence in income poverty in Africa

Cited by 7 publications

References 32 publications

Inflation-poverty causal nexus in sub-Saharan African countries: an asymmetric panel causality approach

Inflation-poverty causal nexus in sub-Saharan African countries: an asymmetric panel causality approach

Financial inclusion and poverty reduction in Nigeria: the role of information and communication technology (ICT)

Modelling the asymmetric impact of economic growth and poverty on gender inequality: Evidence from India using nonlinear ARDL analysis

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