Multidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticities
Post reform India has generated high economic growth, yet progress in income poverty and many other key development outcomes has been modest. This paper primarily examines how inclusive economic growth has been in India between 2005-06 and 2015-16 in reducing multidimensional poverty captured by the...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
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Oxford Poverty and Human Development Initiative
2021
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| _version_ | 1797050295792959488 |
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| author | Seth, S Alkire, S |
| author_facet | Seth, S Alkire, S |
| author_sort | Seth, S |
| collection | OXFORD |
| description | Post reform India has generated high economic growth, yet progress in income poverty and many other key development outcomes has been modest. This paper primarily examines how inclusive economic growth has been in India between 2005-06 and 2015-16 in reducing multidimensional poverty captured by the global Multidimensional Poverty Index (MPI). We employ a constellation of elasticity and semi-elasticity measures to examine vertical, horizontal as well as dimensional inclusiveness of economic growth. Nationally, we estimate that a one percent annual economic growth in India during our study period is associated with an annual reduction in MPI of 1.34 percent. The association of the national growth to state poverty reduction (horizontal inclusiveness) is however not uniform. Some states have been successful in reducing poverty faster than the national average despite slower economic growth between 2005-05 and 2015-16; whereas, other states have been less successful to do so despite faster economic growth during the same period. Our analyses and findings show how these tools may be used in practical applications to measure inclusive growth and inform policy. |
| first_indexed | 2024-03-06T18:03:04Z |
| format | Working paper |
| id | oxford-uuid:007b350c-a710-4c64-9884-b0069cffa542 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:03:04Z |
| publishDate | 2021 |
| publisher | Oxford Poverty and Human Development Initiative |
| record_format | dspace |
| spelling | oxford-uuid:007b350c-a710-4c64-9884-b0069cffa5422022-03-26T08:29:44ZMultidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticitiesWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:007b350c-a710-4c64-9884-b0069cffa542EnglishSymplectic ElementsOxford Poverty and Human Development Initiative2021Seth, SAlkire, SPost reform India has generated high economic growth, yet progress in income poverty and many other key development outcomes has been modest. This paper primarily examines how inclusive economic growth has been in India between 2005-06 and 2015-16 in reducing multidimensional poverty captured by the global Multidimensional Poverty Index (MPI). We employ a constellation of elasticity and semi-elasticity measures to examine vertical, horizontal as well as dimensional inclusiveness of economic growth. Nationally, we estimate that a one percent annual economic growth in India during our study period is associated with an annual reduction in MPI of 1.34 percent. The association of the national growth to state poverty reduction (horizontal inclusiveness) is however not uniform. Some states have been successful in reducing poverty faster than the national average despite slower economic growth between 2005-05 and 2015-16; whereas, other states have been less successful to do so despite faster economic growth during the same period. Our analyses and findings show how these tools may be used in practical applications to measure inclusive growth and inform policy. |
| spellingShingle | Seth, S Alkire, S Multidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticities |
| title | Multidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticities |
| title_full | Multidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticities |
| title_fullStr | Multidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticities |
| title_full_unstemmed | Multidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticities |
| title_short | Multidimensional poverty and inclusive growth in India: an analysis using growth elasticities and semi-elasticities |
| title_sort | multidimensional poverty and inclusive growth in india an analysis using growth elasticities and semi elasticities |
| work_keys_str_mv | AT seths multidimensionalpovertyandinclusivegrowthinindiaananalysisusinggrowthelasticitiesandsemielasticities AT alkires multidimensionalpovertyandinclusivegrowthinindiaananalysisusinggrowthelasticitiesandsemielasticities |