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Despite innumerable government policies to reduce youth unemployment in Sub-Saharan Africa, the problem persists. This study examines the extent to which the hysteresis effect exists in the youth unemployment rate in Sub-Saharan African countries during the period 1991 to 2021, disaggregated according to territorial delineation, income, and gender. First, we employ the univariate and panel unit root tests including the Augmented-Dickey-Fuller, Phillips-Perron, the Dickey-Fuller-Generalized Least Square by Elliott, Rothenberg, and Stock (1996), the ADFmax by Leybourne (1995), and the Kwiatkowski, et al. (1992) test, to enable comparison with previous studies. The Pesaran's (2007), test is then applied to account for cross-sectional dependence. Finally, the Zivot--Andrews single structural break by Zivot and Andrews (1992), Clemente--Montane--Reyes two structural breaks unit root tests by Clemente, Montanes, and Reyes (1998), as well as the Karavias-Tzavalis panel unit root test with structural breaks by Karavias and Tzavalis (2014) are employed. The univariate unit root tests generally support the hysteresis hypothesis (within a band of 60% to 97%) for almost all countries, and sub-regions in SSA. However, accounting for structural breaks, the hysteresis effect in total youth unemployment is only visible in 19 countries (40%), with evidence of gender disparities pointing to the hysteresis effect in females only in 16 countries (34%), and, in males only in 10 countries (21.3%). The lower-middle-income countries reject the natural rate hypothesis in total and both male and female youth unemployment rates. While only male youths suffer from the hysteresis in low-income countries, the total youth in upper-middle-income countries shares this effect. Accounting for cross-section dependence alters the finding of the hysteresis effect only in males in Southern Africa and upper-middle-income countries. A one-size-fits-all policy may not work. Instead, we recommend an integral approach aimed at the creation of employment opportunities for youth and females, including but not limited to diversification of economic activities in rural areas to reduce urbanization, skills training, political and economic stability, cultural transformation to remove unnecessary gender-related employment discrimination, as well as improved economic integration policies. For countries found to exhibit the natural rate hypothesis, it may not be necessary to engage in costly policies to return the youth unemployment rate to equilibrium since the shock is only temporary. JEL Classifications: E20, E24, J60, N17, R10, R23 Keywords: Structural break, Hysteresis, Unit root, Cross-section dependence, Youth unemployment rate, SSA., INTRODUCTION Persistent youth unemployment has unquestionably proved to be one of the biggest threats to many developing economies. Sub-Saharan Africa (SSA) in particular has suffered enormously from several labor market [...]

Countries devote a lot of time and effort to develop economically, but they nevertheless struggle to attain that growth consistently. Research into economic growth should have provided some guidance as to which actions these countries should adopt, but multiple studies using different methods and datasets generally have led to an array of outcomes that contradict one another. However, Granger causality analysis can provide better insight into the relationship between some key variables and economic growth to give these countries more direction. Granger causality results establish a stronger connection between variables, even though they do not depict true causation. We therefore use a Vector Auto Regression method with Generalized Method of Moments estimation and then Granger-causality to discover how commonly used variables in the literature individually impact economic growth and in what way for a selection of OECD and non-OECD countries. We choose government expenditure, foreign direct investment (FDI), education (as a proxy for human capital), population growth, urbanization, and trade openness as our variables of interest. We also utilize updated datasets from the World Development Indicators (WDI) ranging from the years 2000-2016, based on the availability of the data. We find that FDI and population growth do Granger-cause economic development for OECD countries but that government expenditures, education, urbanization, and trade openness do not show such Granger causality. However economic growth Granger-causes government expenditures, FDI, and education for these OECD countries. For the non-OECD countries, we find that FDI, population growth, and trade openness Granger-cause growth but Granger causality does not occur from government expenditure, education, and urbanization to economic development. Yet similar to the OECD countries, economic growth does Granger-cause FDI and trade openness for the non-OECD countries as well. The overall results indicate that all countries should encourage the expansion of foreign direct investment to grow their economy, which then in turn can lead to additional investment as well as more resources available for the country as a whole. We also suggest further studies should focus on the economic development of individual countries rather than regions, particularly in terms of how technology can drive growth and impact these other variables. JEL Classifications: H11, O1 Keywords: economic growth, Granger causality, OECD, non-OECD, INTRODUCTION Economic growth provides a multitude of benefits. It helps countries to exploit their resources more efficiently. It creates a higher standard of living for citizens even as it increases [...]

An increasing number of Chinese companies are strengthening their commitment to corporate social responsibility (CSR) by reporting their carbon emission reductions. Research suggests that such voluntary environmental disclosures can reduce information asymmetry, decrease the cost of capital, and thus enhance firm value. However, a significant research gap exists because this evidence mainly derives from developed countries, with limited consideration given to emerging countries, where the capital market often lacks robust informational content. To fill this research gap, we endeavor to explore the firm-value effects of the disclosures and the magnitude of carbon reduction in China, the largest emerging market. By manually collecting data on carbon emission reductions from the CSR reports of Chinese listed companies from 2008 to 2013, we employ the balance sheet valuation model and ordinary least squares regression to investigate the firm-value effects of the disclosures and the magnitude of carbon emission reductions. The empirical results show that firm value is positively associated with not only voluntary carbon emission reduction disclosures, but also the magnitude of carbon emission reductions. In our sample, for every additional ton of carbon emission reduction, firm value increases by approximately 340 yuan (equivalent to 44 euros or 52 US dollars). We also find that the firm-value effects of carbon emission reductions are more pronounced in high-pollution industries than those in low-pollution industries. Further channel tests reveal that on average, agency problems, as measured by selling, general, and administrative expenses, are lower in firms that disclose carbon emission reduction information than those that do not. In addition, firms with carbon emission reduction disclosures can obtain more green subsidies than those without such disclosures. To mitigate climate risk, firms should proactively engage in carbon emission reductions, which can potentially receive a positive recognition from the capital market. Our study also provides valuable insights for regulators in terms of establishing and enhancing carbon accounting standards to encourage corporate involvement in carbon reductions. JEL Classifications: Q54, Q56, G12 Keywords: carbon emission reductions, firm value, voluntary disclosures, high-pollution industries, INTRODUCTION Global climate change poses threats to ecosystems and could potentially induce unprecedented adverse effects on the global economy and society. Thus, numerous international efforts have concentrated on reducing greenhouse [...]

Agriculture plays a vital role in driving economic output and employment in Sub-Saharan African (SSA) countries. Despite some progress, agricultural productivity in SSA still lags behind other regions. Limited access to finance remains a significant impediment to improving agricultural productivity in Sub-Saharan Africa. This paper investigates the effect of financial proximity on agricultural productivity in Sub-Saharan African countries. The study primarily employs the system GMM estimator, chosen to address the endogeneity issue typical in macro panel data. This method is also well-suited to our study because it accommodates a high number of cross-sections relative to the number of periods within each cross-section. Additionally, the IV-2SLS method is employed to check the robustness of the findings. The study uses an unbalanced panel for the 36 African countries with data for the period 2004-2019. Our findings show that increasing the financial proximity favors agricultural productivity in SSA countries. Specifically, the number of commercial bank branches (CBB) and the number of automated teller machines (ATM) per 100 000 adults, as indicators of financial proximity, have positive and significant effects on agricultural value added per worker in SSA. Additionally, our findings show that rainfall, arable land, and institutional quality are robust determinants of agricultural productivity. The positive effects of the number of CBB and the number of ATM are even more pronounced on agricultural productivity when coupled with strong institutional quality. Our findings suggest that improving financial services' accessibility in rural areas, coupled with enhanced institutional quality, regular rainfall, ample arable land, and increased access to water and land, are pivotal steps for achieving sustainable enhancements in labor productivity. This, in turn, leads to increased returns through value-added growth and expanded employment in the agricultural sector. JEL Classifications: G21, Q14, Q18 Keywords: Financial inclusion, Financial proximity, Agricultural productivity, Sub-Saharan Africa, INTRODUCTION Agriculture is a key contributor to economic output and the leading source of employment among Sub-Saharan Africa (SSA) countries, contributing 4 times more to regional gross domestic product (GDP) [...]

Climate risk represents an increasingly vital issue to countries, companies, and institutional investors, making it a reality but not a distant threat to humanity. Considering the effects of climate risks on firms' financial indices and financing options, the study investigates whether climate risk is priced by the capital markets of South Africa. The study used reported carbon emissions as a measure of climate risk of 81 listed companies in the Johannesburg Stock Exchange from 2011 to 2020 to examine whether climate risk is considered and priced by the South Africa capital market. Data was sourced from DataStream database- a global financial and macroeconomic time-series database providing data on equities, stock market indices, currencies, company fundamentals, fixed income securities, and key economic indicators. We used the two-step system Generalized Method of Moments estimation technique that copes with endogeneity concerns to corroborate the effects of climate risk on cost of capital and capital structure. We find that climate risk is priced in both cost of debt capital and cost of equity capital. Specifically, we find that an increase in a firm's exposure to climate risk increases the cost associated with issuing debt and equity capital. We also find that climate risk exposure decreases the debt-equity ratio. Additionally, the study showed that firm size, leverage ratio, capitalization, profitability, and turnover affect both cost of capital and capital structure of listed firms. The study concludes that climate risk is priced in cost of financing in the capital market of South Africa. The study recommends that firms should invest in installing eco-friendly machinery that aligns with changing market expectations in order to reduce their carbon emissions. The study therefore highlights the need for companies to proactively assess and manage climate risks, incorporate climate considerations into their strategic decision-making, and enhance their resilience to climate-related challenges. JEL Classifications: C23; G10, Q50 Keywords: Climate risk, cost of capital, capital structure, capital markets, INTRODUCTION Climate risk represents an increasingly vital issue to countries, companies, and institutional investors (Ginglinger, 2020), making it a reality but not a distant threat to humanity (Hjort, 2016). Since [...]

The labor force constitutes a paramount factor of production in the realm of business operations. In the past, China's abundant labor force significantly boosted productivity for firms. However, as the demographic dividend gradually wanes, concerns have arisen regarding a scarcity of labor force, exacerbating worries about rising labor costs. Therefore, focusing on enhancing firms' labor investment efficiency becomes pivotal. Using a sample of A-stock listed firms in China from 2013 to 2020, we examine the impact of customer concentration on the labor investment efficiency of supplier firms. Prior literature provides mixed results regarding the effect of concentrated customers. They can act as a governance mechanism for reducing agency problems, thus, increasing investment efficiency. Conversely, agency problems are aggravated in suppliers with concentrated customers, consequently, reducing investment efficiency. Our results suggest that customer concentration reduces labor investment efficiency, and this effect is more pronounced when customers possess high bargaining power. Additionally, the mechanism analysis reveal that customer concentration leads to less accurate information disclosure, higher operating risk, and an incentive to 'empire building', reducing labor investment efficiency. The cross-sectional analysis reveals that customer concentration results in both over- and under-investment in labor, thereby reducing investment efficiency. In addition, we employ augmented models to rule out the possibility of a U-shaped relationship between customer concentration and labor investment efficiency. Furthermore, we adopt the instrumental variables approach as well as a two-stage regression model to address potential endogeneity concerns and mitigate the omitted variable concern. Our results hold after the robustness tests and endogeneity tests. The findings of this paper imply that firms should strategically diversify their customer bases, thereby reducing their reliance on a few large customers. Simultaneously, governments should actively encourage firms to broaden their customer base. It can help enhance labor investment efficiency by spreading the risks associated with customer concentration. Moreover, it is crucial to acknowledge that substantial customer bargaining power can negatively impact supplier firms. Thus, policymakers should promote antitrust regulations and fair trade practices to mitigate the high bargaining power of large customers. JEL Classifications: G31, E22, J20 Keywords: Customer concentration, Agency problems, Business risk, Labor investment efficiency, INTRODUCTION Labor constitutes a fundamental resource for firms' production and operational activities, holding significant implications for both macroeconomic growth and the competitiveness of micro-firms (Atanassov and Kim, 2009; Jung et [...]

Considering Africa's increasing electricity demands and the pivotal role of electricity in socioeconomic development, this study addresses a research gap in understanding the stochastic properties of per capita electricity consumption in African contexts. Through examining the integration properties of per capita electricity consumption across 19 African countries, the research determines whether 'shocks' yield transitory or permanent effects, aiding policy formulation and future demand forecasting. Annual electric power consumption data (1971 - 2014) (kWh per capita) from the WDI across 19 African countries are used. Our methodology starts with formally testing for cross-sectional dependence (CSD) using various tests to avoid potential size distortions. Subsequently, we employ the novel panel stationarity test of Nazlioglu and Karul (2017), a Fourier KPSS panel stationarity test. The robustness of the analysis is enriched by incorporating the Hadri and Kurozumi (2011) panel stationarity test and Nazlioglu et al. (2021) new panel stationary tests. The CSD test results reveal mutual dependency in electricity consumption among the sampled African countries, underscoring the need for a panel testing methodology that accommodates CSD. The results of the panel stationarity tests that allow CSD and structural breaks--specifically, the Nazlioglu and Karul (2017) test, which models structural breaks as a gradual process--reject the null hypothesis of trend stationarity for both single frequencies, i.e., k =1, and 2. Similarly, all new, complementary panel stationarity tests from Nazlioglu et al. (2021) reject the null hypothesis of stationarity for both frequencies. Collectively, the outcomes from various panel stationarity tests present strong evidence of nonstationary per capita electricity consumption within the sampled African countries. Additionally, the Nazlioglu and Karul panel stationarity test enables an analysis of the individual Fourier KPSS test for cross-sectional units in the panel. Of the 19 countries, only Togo does not reject the null hypothesis of stationarity for both frequencies. These individual country results align with the panel outcomes, providing compelling evidence for the nonstationarity of the per capita electricity consumption series across the investigated African nations. Accordingly, shocks to electricity consumption will have permanent effects, indicating that per capita electricity consumption will not return to its pre-shock equilibrium path. In this case, demand or consumption stabilizing policies will have long-run effects. JEL classifications: C22, C23, Q4, O55 Keywords: Electricity consumption, Africa, Structural breaks, Fourier approximation, Panel Stationarity Test (PST), INTRODUCTION The integration properties of per capita electricity consumption are paramount for evaluating policies and predicting future needs. In Africa, understanding these properties is essential given the continent's increasing electricity [...]

Capital structure is one of the crucial decisions managers must make that can affect a firm's short-term and long-term value maximization prospects. Though extant studies have shown capital structure significantly affects profits, researchers have struggled to find an optimal mix of capital structure ideal for value maximization due to the influence of macro and micro factors. There is therefore the need for this to be properly studied contextually. Building on the Pecking Order Theory, this study examines the capital structure effects on profitability from a short-term, long-term, and total debt financing perspective on listed Ghanaian firms between 2003 and 2013. An unbalanced panel data of 23 listed manufacturing and service firms that are listed on the Ghanaian Stock Exchange are subjected to robust maximum likelihood heteroskedastic linear estimation models. Three main regressions that are run explain the short-term debt, long-term debt and total debt effect on firm profitability. The results show that short-term debt exhibits a positive effect on return on equity (ROE), whilst the relationship reverses for long-term debt, indicating that short-term financing was beneficial to firms rather than long-term financing. Also, total debt exhibited a negative and nonsignificant effect on return on equity. The author also found that firm liquidity exhibited a more pronounced positive effect on profitability for firms with short-term debt than long-term debt. Financial risk negatively affected the returns of only firms with short-term debt. Market share had a pronounced positive effect on ROE across firms whilst firm age exhibited a less pronounced positive effect on firm profits. Firm size and growth had increasing profit effects but was not significant in the dataset. Financial risk also negatively affected profits, but this was only significant in firms with short-term debt structures. This study finds that managers need to adopt more short-term debt financing rather than long-term financing as the former leads to more profits. There is a need for policymakers to develop long-term debt financing structures to compete in the Ghanaian debt market. It is also recommended that managers exercise due care when supplementing equity capital with debt. JEL Classifications: L11, L22, L25 and G32 Keywords: Capital Structure; Profitability; Firm Performance; Ghana, INTRODUCTION Globalization and financial liberalization continue to expand investment and financing options available for firms, businesses, and institutions (Shim 2022; Begenau & Salomao 2019). With capital markets expanding, firms have [...]

In Bangladesh Social Safety Net (SSN) interventions are intended to achieve specific goals, e.g., reduction in poverty, decrease in early school dropout, and nutrition supplementation. This study investigates the effectiveness of SSN participation on less explored goals of child labor reduction and school retention in Bangladesh. Empirical evidence is provided to evaluate the success of existing programs to combat child labor and early school dropout. This study utilizes the Household Income and Expenditure Survey (HIES), 2016 of Bangladesh. We employ the Propensity Score Matching (PSM) framework to show the causal relationship between SSN participation and its impact on the use of child labor and school retention. Given the nature and availability of data, the matching method provides us an estimate of the impact of SSN based on a quasi-experimental setting. We estimate counterfactuals based on observed characteristics of the household that affect both SSN participation and our outcome variables. Our results suggest that households that receive SSN tend to employ less child labor domestic or paid compared to their counterparts. Our Propensity Score Matching (PSM) results show that SSN participation reduces child labor prevalence in Bangladesh by 2.4% to 2.9%. This is an indication that families essentially substitute SSN income with child labor earnings. Thus, SSN programs in Bangladesh are effective in reducing child labor though the magnitude is not overwhelming. On the contrary, our results show that children from SSN-participating families have a higher incidence of early school dropout. This may be due to inefficiency or poorly designed programs that effectively keep the children in school. We estimate early school dropout is higher by 3.6% to 6.6% for households that receive SSN compared to the control group. Our findings are important for policymakers to redesign the programs that retain children in school. We suggest targeted interventions that will help to keep these children in school, which is conducive to human capital accrual and increasing lifetime earnings. Additionally, our insights will assist policymakers in rethinking SSN coverage, efficient selection of beneficiaries, and initiation of the correct intervention. JEL Classifications: I38, J13, J22 and P46 Keywords: Social Safety Net (SSN), Child Labor, School Dropout, Bangladesh, Propensity Score Matching (PSM), Program Evaluation, INTRODUCTION Social Safety Net (SSN) programs in less-developed countries such as Bangladesh serve various purposes, including boosting health, providing education, and securing goods. SSN programs are funded by governments or [...]

This study aims to comprehensively examine the determinants of household poverty in Brazil, placing a specific emphasis on the heads of households as the primary unit of analysis. Household poverty is a critical and multifaceted issue in developing countries, a reality that holds true for Brazil as well. Understanding the intricate web of factors that contribute to household poverty is of paramount importance to policymakers, researchers, and advocates dedicated to poverty alleviation and socioeconomic development. Household poverty remains a persistent challenge in Brazil, with far-reaching social and economic consequences. To address this issue effectively, it is essential to identify the factors that contribute to poverty among households, particularly those led by individuals who are the primary income earners. These households often face unique economic and social challenges that demand targeted interventions. To analyze household poverty determinants, this study utilizes data from the 'Pesquisa Nacional por Amostras de Domicilios Continua' (Continuous National Household Sample Survey) (PNADC). The dataset provides comprehensive information on the individual characteristics of the household head and household-level attributes, offering a nuanced view of the factors at play. A probit model is employed to estimate the probability of a household head experiencing poverty, allowing for a examination of various factors. The research findings reveal several significant determinants of household poverty in Brazil. Firstly, households led by men are found to be less likely to be in a situation of poverty, shedding light on gender-related disparities in income and opportunities. Secondly, households with heads who have attained higher levels of education exhibit a lower probability of being in poverty, underscoring the importance of education as a pathway out of poverty. Moreover, urban households are found to be less prone to poverty compared to their rural counterparts, since households led by individuals who work in agricultural-related activities are more likely to experience poverty. This emphasizes the need for targeted rural development strategies. Additionally, households located in the North and Northeast regions of Brazil face a higher likelihood of poverty, possibly due to regional economic disparities that require specific policy attention. These findings have important policy implications for poverty alleviation efforts in Brazil. Policymakers should consider targeted interventions that focus on improving access to education, particularly in regions with higher poverty rates, as education is a powerful tool for poverty reduction. Efforts to promote gender equality and enhance economic opportunities in rural areas are also essential to address the diverse causes of poverty. Additionally, regional disparities in poverty should be addressed through comprehensive regional development initiatives that take into account the unique challenges faced by different areas of the country. Our results also highlight the importance of community-specific social programs, including conditional-cash transfers and incentives for childhood education, which can play a pivotal role in breaking the cycle of poverty in Brazil's diverse communities. JEL Classifications: R58, I32 and O54 Keywords: Deprivation, Feminization of poverty, Regional development, Microdata., INTRODUCTION Poverty is a phenomenon that occurs in all societies and, as such, there is great interest in understanding it by seeking to identify the determinants that condition individuals to [...]

The majority of rural households in emerging nations are currently diversifying their sources of income. Rural income diversification focuses primarily on improving the use of the currently available production resources and boosting household income, as opposed to investment portfolios in finance that diversify to reduce risks. Despite substantial discussion of the causes or impacts of rural income pluriactivity, there are no well-established standards for the use of indicators to record actual rural income diversification in the existing literature of the study area. Therefore, in lieu of the foregoing, attempt was made to assess the mediating role of pluriactivity in the relationship between rural entrepreneurship ecosystem and income doubling in Nigeria's Bauchi state using cross-sectional data elicited by a well-structured questionnaire coupled with interview schedule from 322 households selected via a multi-stage random sampling technique. With the aid of descriptive and inferential statistics, the study objectives were achieved. The inferential statistics encompass diversification index viz. Entropy index, Herfindahl-Hirschman index, Berry's index, and, Ginevicius index; decision regression model; and, confirmatory factor analysis. Empirically, the findings established that pluriactivity was high among most of the households and it was majorly driven by educational level. Besides, pluriactivity is established to enhance incomes of low-to-medium income levels households while it imposes a progressive declining effect on the income of households with high income level. Nevertheless, operational holding was the kick-starting impetus that derived pluriactivity of the rural economy. Furthermore, economic factor, a push effect that motivates rural entrepreneurship, has strong influence that will enhance pluriactivity capacity to double rural households' income in the long-run. Therefore, for a flourishing rural entrepreneurship that will drive sustainable growth and development of rural economy in the study area, the study suggests that households should see pluriactivity as a business entity independent of a household against the old norms that view both as just a single entity. As a rider, onus lies on policymakers to harp more on out of class education as a measure to enhance the risk bearing ability of the rural populace, thus mitigation to the posed challenges of weather-induced vagaries threatening livelihood in the study area. JEL Classifications: O12, Q01, Q18 and R00 Keywords: Entrepreneurship; Pluriactivity, Rural economy; Households; Nigeria, INTRODUCTION Traditional farming is generally insecure, especially smallholding farms. Farms have largely been consolidated, and farmworkers have relocated to metropolitan areas in search of better employment possibilities. Farmers are advised [...]

Since early years, humans are migrating to ensure their survival or to improve their socio-economic position in society. In Pakistan, internal migration has not been given proper attention in policy making. Consequently, government is facing problems in managing the challenges and opportunities posed by internal migration. The present study attempted to analyse socio-economic factors that play crucial role in a household's decision to migrate internally by using data of Labour Force Survey 2020-21. In the questionnaire of labour force survey, there is a specific section related to migration. The migration is defined as 'households that has moved from one district to another district or to different country', it excludes the migration within district. The logit regression has been used to estimate the model. It has been found that more educated people particularly having professional and technical education tends to migrate. The internal migration increases with age, but after certain level it tends to start declining. It has also concluded that employment in public sector (due to job security or provision of housing facilities) motivate people to internally migrate. People belonging to middle income families are more likely to migrate in comparison to rich or very poor. Study confirms that search of better job opportunities and family compulsions are major factors in internal voluntary migration. However, law and order situations emerge as a significant factor in forced migration. As the internal migration are much higher than international migration so there is need that role of internal migration may be recognised in reducing poverty, employment and socio-economic development. Unfortunately, there exists lack of policy on internal labour flows. Most the labour force is not even registered at migration destinations. It is very crucial to calculate value of domestic remittances. It will be helpful in devising the policy to improve the status of internal migrants by providing them targeted technical and vocational education training so that they can get better job opportunities in destination places. JEL Classifications: R23, I23, E24 Keywords: Internal Migration, Education, Employment, INTRODUCTION Since early years of human settlement, they have been migrating in search of food, shelter, to escape impacts of changing climate and due to overpopulation in a particular area. [...]

Poverty remains a serious problem in Nigeria; women are among those mostly affected and are often deprived in many ways. This paper uses the multidimensional approach to examine poverty levels among women in Ibadan South West Local Government Area, Oyo State. Primary data was obtained from a sample of 393 women across the population density areas on socio-economic characteristics and poverty indicators (health, education and standard of living). The Alkire-Foster multidimensional approach was used to estimate the multidimensional poverty index (MPI) for the sampled women. The weights assigned to these poverty dimensions were generated using the multiple correspondence analysis. The MPI for each woman were categorized as abject poor (deprived in at least two dimensions), moderate poor (deprived in one dimension) and non-poor (not deprived in any dimension). The mean age of the women was 30.8[+ or -]6.7 years. One-third of the respondents were mostly artisans (30.0%) and traders (26.5%), and 52.2% had completed secondary education. About 23.0% of women were deprived in education, 61.0% in health and 70.4% in standard of living. Based on location, the study indicated that the women in the medium and high density areas are mostly deprived in the different dimensions of poverty. When the poverty cut off K= 1, poverty incidence is 94% and 51.7% of the women were multidimensional poor as against 28% poverty incidence and 19.6% poor women when k=3 using the Alkire-Foster Multidimensional methodology. This implies that when women are deprived in at least one dimension; 51.7% are multidimensional poor. More than half of the respondents (51.0%) were categorized as moderately poor, 26.0% were abject poor while 23.2% were non-poor. This study revealed high poverty levels among women in Ibadan South West Local Government Area. Deprivation in standard of living and health in the three areas could be improved upon through the concerted effort of the government with appropriate ministries by initiating more productive and empowerment programs to improve their purchasing power and disseminating educative information that will improve their nutritional status through health talks to reduce the level of multidimensional poverty in urban locations respectively. JEL Classifications: D33, J16, N37 Keywords: Multidimensional poverty, women, Alkire and Foster, INTRODUCTION Poverty refers to an undesirable state which endangers life, and considering its universal occurrence, it is referred as the principal developmental challenge of many nations across the globe over [...]

Existing literature on health inequalities often overlooks the nuanced dynamics, particularly among vulnerable children with chronic diseases and disabilities and fails to consider regional disparities within countries like South Africa. This paper asserts the necessity for a more granular analysis in South Africa, recognizing the varied health outcomes for children across different economic segments and geographical settings. Specifically, the health trajectories for children differ markedly between rural formal areas, regions under traditional authorities, formal urban areas, and informal urban settlements. Addressing the generalizations common in prior research, this study takes a precise, regionally focused approach to socio-economic-driven disparities in chronic illness or disability. It distinguishes between rural formal areas, traditional authority areas, formal urban areas, and informal urban areas, unveiling the intricate layers of health disparities. Using data from the National Income Dynamics Study, concentration indices, and the Oaxaca-Blinder Decomposition method, the paper analyzed health inequality trends from 2008 to 2017. The results uncover significant inequalities, with alarming trends, particularly among children with chronic illnesses and disabilities in traditional authority regions and informal urban environments. The paper's evidence shows that rural formal areas have experienced a decline in health disparities as opposed to the deepening divide in traditional authority-led regions. The urban analysis reveals a split: while formal urban settings often favour the wealthier, informal urban areas indicate a shift towards lower socioeconomic brackets. The decomposition analysis highlights the evolving socioeconomic elements influencing each region over time. These insights emphasize the urgent necessity for geographically tailored policy interventions. By understanding the distinct socioeconomic landscapes across various regions, we can formulate policies that resonate with each area's specific realities and challenges. Such targeted strategies are essential in reducing health inequalities and enhancing the life quality of children with chronic health conditions and disabilities, playing a critical role in South Africa's journey toward comprehensive health equity. JEL Classification: I14 Keywords: Socioeconomic disparities, Chronic illness, Disability, South African children, Urban and rural variations, Health inequality, INTRODUCTION Globally, persistent health concerns and disabilities, including HIV and AIDS, respiratory ailments, undernourishment, and mental health issues, present considerable public health obstacles for children. A striking United Nations Children's [...]

The COVID-19 pandemic has disrupted every sphere of life and livelihoods around the world. Many migrant workers from the Global South, such as Bangladesh, working in the Gulf countries were reported to be impacted by COVID-19, but the direct voices and views of migrant workers themselves and their households are largely unknown. This research adopts a mixed-method approach to assess the impact of the pandemic on foreign remittances to Bangladesh and the well-being of migrant households. The primary data collection involved fieldwork conducted in four migrant-dense villages, situated in Mymensingh and Meherpur districts of Bangladesh. A set of 221 household surveys was administered. In addition to the surveys, 52 semi-structured interviews were carried out, engaging with key individuals at community, district, and national levels such as heads of migrant households, returnee migrants, managers of migration financiers, owners of labor recruiting agencies, officials of the district manpower office etc. Results show that although a significant number of Bangladeshi migrant workers returned home since the COVID-19 pandemic and the outflow of Bangladeshi migrant workers shrank by 69 percent in 2020, remittance inflows at the national level witnessed a growth of 18.5 percent in 2020, which did not resonate with the negative prediction made by the World Bank. However, this research found a macro-micro mismatch, indicating a substantial decline in remittances at the household level. This might be due to the existence of a robust unofficial channel for remittance sending. Approximately 62% of migrant households in the case study sites experienced a 32% reduction in remittances during the COVID-19 pandemic compared to the pre-COVID-19 period. In response to the decline in remittance income, a majority of migrant households (77%) resorted to utilizing their accumulated savings. Additionally, approximately 20% of households sought financial support and borrowing from friends, relatives, and community members. At the community level, the local economy experienced a sharp downturn, leading to a ripple effect that affected everyone within the community. To address the unofficial remittance sending, the Government of Bangladesh should implement effective measures to curb unofficial remittance channels. Upskilling initiatives have the potential to alleviate the vulnerability of Bangladeshi migrant workers, fostering increased income stability. Policymakers should place greater emphasis on crafting savings instruments tailored to the specific needs of migrant households. It is also imperative to prioritize an income diversification policy at the community level to mitigate dependence on remittances. JEL Classifications: F24, F22 and J15 Keywords: COVID-19, remittances, Bangladesh, Gulf countries, migrant workers, INTRODUCTION The COVID-19 pandemic has devastated health and economies across the globe. The World Health Organization (WHO) declared the outbreak a Public Health Emergency of International Concern (PHEIC) on 30 [...]