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Full-Text Articles in Income Distribution
Does Microcredit Reduce Poverty? An Empirical Exploration In India, Aneel Karnani, Seema Sahai
Does Microcredit Reduce Poverty? An Empirical Exploration In India, Aneel Karnani, Seema Sahai
Markets, Globalization & Development Review
Microcredit has grown dramatically over the last few decades and its supporters have made extravagant promises about its potential impact on reducing poverty. However, much recent research has shown that microcredit has no significant impact on reducing poverty. In this exploratory study we interview 205 clients of for-profit microcredit to better understand the causes of why microcredit has not lived up to its promise. We find the basic problem is that the lending policies of the microcredit organizations are designed to lower the costs and risks, and hence increase the profits of the organization, and are not responsive to the …
Save, Gamble, Or Both? The Relationship Between Premium Bond Sales And Lottery Sales In The United Kingdom, Kaden Grace
Save, Gamble, Or Both? The Relationship Between Premium Bond Sales And Lottery Sales In The United Kingdom, Kaden Grace
Honors Theses
Four out of every ten Americans are unable to pay for an unexpected $400 bill out of their savings accounts. To ameliorate this problem, one policy to incentivize saving is a Prize-Linked Savings Account (PLSA). Unlike a traditional savings account that pays out a consistent rate of return, a PLSA pools the interest on all deposits and distributes the returns in randomly drawn prizes (similar to a lottery). However, PLSAs remain illegal in many areas due to a concern that the introduction of a private or public PLSA could cannibalize revenue from an existing state-sponsored lottery, thus restricting the state’s …
The Nexus Of Financial Deepening, Economic Growth, And Poverty: The Case Of Pakistan, Abdur Rehman Aleemi, Muhammad Azam
The Nexus Of Financial Deepening, Economic Growth, And Poverty: The Case Of Pakistan, Abdur Rehman Aleemi, Muhammad Azam
Business Review
This study investigates the nexus of financial development, economic growth, and poverty for Pakistan over a prolonged period of time, 1960- 2012. Autoregressive Distributed Lag (ARDL)-Bounds testing approach to co integration and Unrestricted Error Correction Model (UECM)along with VECM Granger causality have been applied to examine the long-run dynamic relationship among financial development, economic development and poverty. For that purpose, we have developed two models and adopted a new and relatively strong proxy for financial development. The results suggest that financial development negatively affects both long-run and short-run economic growth. However, financial development is found to be positively affecting per …
Integration Of Waqf And Islamic Microfiance For Poverty Reduction, Mohamed Aslam Haneef Prof., Ataul Huq Pramanik Prof., Mustafa Omar Mohamme Dr., Aliyu Dahiru Dr.
Integration Of Waqf And Islamic Microfiance For Poverty Reduction, Mohamed Aslam Haneef Prof., Ataul Huq Pramanik Prof., Mustafa Omar Mohamme Dr., Aliyu Dahiru Dr.
Aliyu Dahiru
This report presents the output of two-year collaboration between SESRIC and the Centre for Islamic Economics of International Islamic University of Malaysia (IIUM) on a research project that covered three OIC countries namely, Malaysia, Indonesia and Bangladesh. The research project aimed at developing an integrated Waqf-based Islamic microfinance model to optimize the use of combined resources of Waqf and Islamic microfinance institutions in OIC countries with a view to enhancing the effectiveness of IMF and Waqf institutions in addressing the socio-economic needs of the society, particularly through effective poverty alleviation programs. The report consists of four main sections. The first …