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Purpose: The primary objective of the paper is to examine the asymmetric Cointegration and asymmetric causality between financial development and poverty alleviation on annual data in Indian context over the period from 1980 to 2019. Design/methodology/approach: First nonlinearity test by Brooks et al. (1999) is applied to ascertain the nonlinear behavior of the variables used. Once the nonlinear behavior of variables is confirmed, asymmetric and nonlinear unit root tests by Kapetanios and Shin (2008) are applied to check for the order of integration of selected variables. Next, nonlinear autoregressive distributed lag model (NARDL) is employed to analyze the asymmetric Cointegration. Finally, Hatemi-j- asymmetric causality tests is applied to work out the direction of asymmetric causality. Findings: The empirical findings document the existence of asymmetries in the short-run as well as long-run between poverty and financial development. The asymmetry reveals that negative financial development shocks leave a more profound impact on poverty alleviation than their positive equivalents. The findings of Wald's test also confirm the presence of asymmetric Cointegration. The asymmetric cumulative dynamic multipliers used to examine the behavior of asymmetries and adjustments with respect to time lend credence to the results calculated using NARDL estimator. This result exhibits the robustness of the model. Furthermore, the result emanating from recently introduced asymmetric causality test reveals a unidirectional asymmetric causality between negative shocks in financial development and poverty. The findings of the present study necessitate the need for investigating asymmetric and nonlinear effects in finance–poverty nexus, which existent literature has completely neglected, in order to have relevant policy conclusions. Research limitations/implications: The study used "Per capita consumption expenditure" as a measure for poverty due to lack of continuous time series data on headcount ratio. In future, researchers can extend this study by incorporating headcount ratio as a measure of poverty in their respective works. There is further scope of research on this issue by finding out the impact of formal and informal sources of credit on poverty separately. A panel data study for developing countries over a period of time could further confirm/negate the findings of the present study. Originality/value: To the best of the authors' knowledge none of the studies in Indian context has scrutinized asymmetric and nonlinear impact of financial development on poverty. To dredge up asymmetric structures at work, the authors have used the highly celebrated NARDL estimator. To enrich the existent body of knowledge along the lines of asymmetric (nonlinear) linkages, the authors have also used recently introduced asymmetric causality test by Hatemi-j-(2012) to find out the direction asymmetric causality. [ABSTRACT FROM AUTHOR]

We study the relationship between dowries – wealth transfers from the bride's family to the groom or his family at the time of marriage – and individual-level poverty in rural India. Based on the estimates of a collective household model, we show that the share of household consumption expenditure allocated to a woman is strongly associated with the dowry she paid at the time of her marriage. We compute poverty rates separately for women and men and find that women's poverty relative to men decreases with dowry. Moreover, women who paid dowries are less likely to be poor relative to women who did not, even when their households' consumption expenditures are the same. Our counterfactual policy analysis indicates that abolishing or reducing dowries (through anti-dowry laws or taxes, for example) may have the unintended effect of aggravating intra-household inequality and increasing women's risk of living in poverty after marriage. [ABSTRACT FROM AUTHOR]

The present study explores the nature of poverty by considering both consumption and multidimensional approaches and assesses the change in it due to variation in population subgroups and household characteristics in India between 2004–2005 and 2011–2012. We have developed a Multidimensional Poverty Index for India which has the advantage of being comparable with consumption poverty using National Sample Survey Organization data relating to the 'Level and Pattern of Consumer Expenditure' of the latest two rounds. Our analysis shows a significant reduction in consumption poverty as well as multidimensional poverty. Multidimensional poverty has reduced significantly for both consumption poor and non-poor but the reduction has not been uniform across subgroups and household characteristics. Satisfactorily, the reduction was faster among the poorer subgroups. Notwithstanding this trend, urban location, upper strata of social caste, literate head, self- or regular employment and higher level of benefits from Public Distribution System (PDS) have a favorable impact on the nature of poverty. The study strongly recommends the incorporation of the multidimensional approach along with the consumption approach to measure poverty which has high policy relevance. [ABSTRACT FROM AUTHOR]

The main objective of this paper is to investigate the economic determinants of female-owned proprietorships for 52 metro cities in India. The National Sample Survey (NSS) unit-level data are used for the analysis. The descriptive results show that women's proprietorship is much lower than its counterpart. The Probit regression results at the individual level show that women entrepreneurs do not have a bank account or computer but use the internet, are not registered under any act or authority, and do not expand considerably. They operate within household premises with a limited number of months and duration of a day, undertaking mainly contract basis. They also face several problems that hinder their activities. City-level factors such as work participation rate, consumption expenditure, higher levels of general and technical degrees, and vocational training are essential. The likelihood of becoming a female entrepreneur is negatively impacted by the two agglomeration variables of population size and participation in mixed activity. City-level poverty and inequality also adversely affect it. State-level Human Development Index, Gender Development Index, and Gender Inequality Index are also significant. Finally, we propose important policies to enable the city environment to improve women's entrepreneurship activities for higher and sustainable economic development. • Female-owned entrepreneurship (FOE) is essential for sustainable and inclusive economic growth in developing countries. • The agglomeration size, unequal economic distribution, and less female-friendly society discourage becoming FOE. • Knowledge spillovers, labour pooling, availability of public services, and infrastructure encourage FOE. • Cities need to increase investment, employment, level of education, and delivery of public services. [ABSTRACT FROM AUTHOR]

Using consumption expenditure data of the National Sample Survey 2004-2005, this paper estimates the size of elderly poor and tests the hypotheses that elderly households are not economically better-off compared to non-elderly households in India. Poverty estimates are derived under three scenarios-by applying the official cut-off point of the poverty line to household consumption expenditure (unadjusted), consumption expenditure adjusted to household size and consumption expenditure adjusted to household composition. Results show that an estimated 18 million elderly in India are living below the poverty line. On adjusting the consumption expenditure to household size and composition, there are no significant differences in the incidence of poverty among elderly and non-elderly households in India. This is in contrast to the notion that elderly households are better off than non-elderly households in India. Based on the findings, we suggest that the age dimension should be integrated into social policies for evidence based planning. [ABSTRACT FROM AUTHOR]

Using data on 697 individuals from 375 rural low income households in India, we test expectations on the effects of relative income and conspicuous consumption on subjective well-being. The results of the multi-level regression analyses show that individuals who spent more on conspicuous consumption report lower levels of subjective well-being. Surprisingly an individual's relative income position does not affect feelings of well-being. Motivated by positional concerns, people do not passively accept their relative rank but instead consume conspicuous goods to keep up with the Joneses. Conspicuous consumption always comes at the account of the consumption of basic needs. Our analyses point at a positional treadmill effect of the consumption of status goods. [ABSTRACT FROM AUTHOR]

This article reports on mean consumption, poverty (all three FGT measures) and inequality during 2004 for rural India using National Sample Survey (NSS) data for the 60th Round. Mean consumption at the national level is much higher than the poverty line. However, the Gini coefficient is higher than in recent earlier rounds. The headcount ratio is 22.9 per cent. Mean consumption, all three measures of poverty and the Gini coefficient are computed at the level of 20 states and 63 agro-climatic zones in these 20 states. It is surmised that despite impressive growth rates deprivation is pervasive, pockets of severe poverty persist, and inequality is rampant. [ABSTRACT FROM PUBLISHER]

Summary: We utilize household-level consumption expenditure data from India to examine the evolution of inequality during 1983–2004. Various measures of inequality show that inequality levels were relatively stable during 1983–93, but increased during 1993–2004. The increases in inequality have not precluded reductions in poverty, however. They are also more of an urban phenomenon and can be accounted for by increases in returns to education in the urban sector to a considerable extent, especially among households that rely on income from education-intensive services and/or education-intensive occupations. Some of the increases in the returns to education can be linked to economic liberalization undertaken in the 1990s. [Copyright &y& Elsevier]