This paper argues that the study of the demand for financial services in developing countries leaves out part of the story if it looks at only one of the three elements of the so-called finance trinity—that is, savings products, loans and insurance—as is largely done in the literature. In...

In recent years, a debate about the potential of decentralisation for poverty alleviation has set off among academics and policy-makers. It is often claimed that decentralisation can be effective for improvements in welfare and hence the reduction of poverty. For example, the World Bank explains...

This paper aims to understand the role of micro-insurance as an element of social protection. It outlines the current status of micro-insurance provision in Ghana and Sri Lanka, two countries with very different socio-cultural backgrounds. It concludes that both countries are unlikely to extend...

Abstract On the record of poverty and inequality in India over the last thirty or so years, the general scholarly view seems to be that there have been substantial declines in money-metric poverty, that there has been no significant over-time increase in inequality, and that the growth in per...

We examine the political economy causes of India's growth acceleration in the early 1990s, the periods of high growth in the 1990s and early 2000s, and the subsequent slowdown since 2011, drawing from the ESID conceptual framework (Pritchett and Werker 2013) and periodisation of growth episodes...

Abstract Recent findings in the economic growth literature suggest that developing countries need to keep a devalued exchange rate to stimulate their long-run economic growth. In light of this view, we assess the alignment of the real exchange rate of Pakistan, a developing country where...

Abstract Within social protection, antipoverty transfer programmes have significantly emerged in developing countries since the late 1990s. The effects of long-term participation and the assessment of the response of children's human capital formation to different levels of exposure are still...

Abstract Using the recent estimates of rural, urban and aggregate poverty rates for 31 developing countries, the present study statistically examines the extent to which the rural sector contributes to aggregate poverty reduction. After adjusting for the effect of rural-urban migration, our...

Abstract Drawing upon panel data estimations, we have analysed the relationships among agricultural productivity, employment, technology, openness of the economy, inequality in land distribution and poverty. First, we have identified a number of important factors affecting agricultural...

Abstract Chinese households have experienced significant income growth, while their nutrition intake has not increased pari passu. This paper uses household data in both rural and urban China over the period 1989-2009 to explain the paradox of higher income but lower nutrition. In addition to...