There has been no consensus over the concept and measurement of vulnerability to poverty (VP). Many scholars bring in different perspectives to discuss various conceptual and measurement issues. This paper summarizes the available economic literature on the definitions and measurements of VP....

Institutions play an important role in explaining poverty. Along with institution, fundamental forces like geography and climate influence poverty too. Analysis shows that probability of being poor is high for countries at the equator but it declines with latitude. Empirical evidence in India...