The Global Crisis and Poverty
In this study, we examine the impact of the 2008-2009 Global Crisis on poverty rates across the globe. Our results are mixed. We find that, after the crisis, there was a marginally significant increase in the number of the poorest group of people (living on less than $1.25 a day at 2005 internationa...
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| Format: | Article |
| Language: | English |
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Sciendo
2018-12-01
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| Series: | Studies in Business and Economics |
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| Online Access: | https://doi.org/10.2478/sbe-2018-0035 |
| _version_ | 1828895474681118720 |
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| author | Kaya Halil Dincer |
| author_facet | Kaya Halil Dincer |
| author_sort | Kaya Halil Dincer |
| collection | DOAJ |
| description | In this study, we examine the impact of the 2008-2009 Global Crisis on poverty rates across the globe. Our results are mixed. We find that, after the crisis, there was a marginally significant increase in the number of the poorest group of people (living on less than $1.25 a day at 2005 international prices) across the world. However, we do not find any significant increase in the number of people in the other low-income categories (living on less than $2, $2.50, $4, or $5). Although we do not find any significant increase in the poverty headcount ratios (the percentage of poor people in the population living on less than $1.25, $2, $2.50, $4, or $5), our results show that, interestingly, there has been a significant decrease in the national poverty headcount ratios (percentage of people living below the national poverty line which is based on estimates from household surveys) after the crisis. Overall, we suggest policymakers to focus on the poorest group of people during these hard times since this group is affected the most. |
| first_indexed | 2024-12-13T14:27:22Z |
| format | Article |
| id | doaj.art-bea5316a3aa6489dabd16cde0063db89 |
| institution | Directory Open Access Journal |
| issn | 2344-5416 |
| language | English |
| last_indexed | 2024-12-13T14:27:22Z |
| publishDate | 2018-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studies in Business and Economics |
| spelling | doaj.art-bea5316a3aa6489dabd16cde0063db892022-12-21T23:41:55ZengSciendoStudies in Business and Economics2344-54162018-12-01133637310.2478/sbe-2018-0035sbe-2018-0035The Global Crisis and PovertyKaya Halil Dincer0Northeastern State University, Tahlequah,Oklahoma, United States of AmericaIn this study, we examine the impact of the 2008-2009 Global Crisis on poverty rates across the globe. Our results are mixed. We find that, after the crisis, there was a marginally significant increase in the number of the poorest group of people (living on less than $1.25 a day at 2005 international prices) across the world. However, we do not find any significant increase in the number of people in the other low-income categories (living on less than $2, $2.50, $4, or $5). Although we do not find any significant increase in the poverty headcount ratios (the percentage of poor people in the population living on less than $1.25, $2, $2.50, $4, or $5), our results show that, interestingly, there has been a significant decrease in the national poverty headcount ratios (percentage of people living below the national poverty line which is based on estimates from household surveys) after the crisis. Overall, we suggest policymakers to focus on the poorest group of people during these hard times since this group is affected the most.https://doi.org/10.2478/sbe-2018-0035economic crisisfinancial crisispoverty |
| spellingShingle | Kaya Halil Dincer The Global Crisis and Poverty Studies in Business and Economics economic crisis financial crisis poverty |
| title | The Global Crisis and Poverty |
| title_full | The Global Crisis and Poverty |
| title_fullStr | The Global Crisis and Poverty |
| title_full_unstemmed | The Global Crisis and Poverty |
| title_short | The Global Crisis and Poverty |
| title_sort | global crisis and poverty |
| topic | economic crisis financial crisis poverty |
| url | https://doi.org/10.2478/sbe-2018-0035 |
| work_keys_str_mv | AT kayahalildincer theglobalcrisisandpoverty AT kayahalildincer globalcrisisandpoverty |