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Daily Archives: July 16, 2017

Modelling the dynamics of economic development driven by agricultural growth in Patna Region, India

Rashmi Kumari and V. Devadas
Journal of Economic Structures: The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS), 2017, 6:15

Regional planning primarily aims at reducing the disparity in socio-economic status of the people, and the wide gulf between urban and rural life. A planning region or an area comprises of many complex structures and behavioural phenomena which more or less change with time due to some external forces acting upon or the internal forces acting within the regional system. While planning for the development of a region, the well-known phenomena and structures within the regional system can be considered. Further, the sustainable economic development of a region can only be achieved by ensuring the optimum utilization of resources. This requires plausible policy planning guidelines and feasible development plan, for which thorough grassroots level investigation is essential. In this present investigation, an attempt has been made to evolve a set of plausible policy guideline and recommendations for the sustainable economic development of Patna region, by considering it as a system, and considering the important control parameters of its subsystems.

url – https://journalofeconomicstructures.springeropen.com/articles/10.1186/s40008-017-0075-x
courtesy – Springer

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International Remittances and Poverty Reduction: Evidence from Asian Developing Countries

Naoyuki Yoshino, Farhad Taghizadeh-Hesary, and Miyu Otsuka
ADB WP-759, 2017

A 1% increase in international remittances can reduce poverty severity by 16%.

International remittances represent the second most important source of external funding for developing countries after foreign direct investment (FDI). We examine the impact of international remittances on poverty reduction using panel data for 10 Asian developing countries. In terms of the dependent variables, we set three poverty indicators: poverty headcount ratio, poverty gap ratio, and poverty severity ratio. Results show that international remittances have a statistically significant impact on the poverty gap ratio and poverty severity ratio under the random effect model of ordinary least squares (OLS) estimates. A 1% increase in international remittances as a percentage of gross domestic product (GDP) can lead to a 22.6% decline in the poverty gap ratio and a 16.0% decline in the poverty severity ratio in the sample of 10 Asian developing countries from 1981 to 2014. In addition, results show that per capita GDP increase and trade openness can decrease poverty measures, and higher inflation rates may be one of the causes of the poverty.

read more here …
courtesy – ADB