Many researchers have explored the implications of Lucas’ misperception model. Arguably, the most important implication of this model is that the slope of the aggregate supply curve depends on the variability of nominal shocks. This paper examines this insight from Lucas’ model using annual...

Faith-inspired institutions (FIIs) commonly have as their stated mission a desire to provide quality health services to all, and in particular a commitment to serve the poor, for example, by providing services in remote areas where there are none, or by making services more affordable for those...

Relative deprivation (RD), also known as relative poverty , an idea implicitly put forward by Adam Smith in The Wealth of Nations and formally conceptualized by Runciman (1966), refers to the discontent people feel when they compare their positions to others and realize that others in the group...

India is a witness of regional disparities in many sphere of socio- economic development. On one side, world’s majority of new billionaires are in India and on the another side, India has majority of poor people. Like that, in development, the States like Kerala, Tamil Nadu, Punjab, and Gujrat...

Small and Medium Enterprises (SMEs) are considered to play an important role in the economic growth, employment generation and poverty alleviation in the economy. The annual time series data is used for examination of impact of SMEs on poverty in Pakistan for the period of 1972-2008. The study...

The Indian economy in the recent past is growing faster (6-9%) than its past rate of growth (3-4%) and it is even surpassing the rate of growth of many developed and developing countries all over the world. The Indian economy is showing high growth potential and it is one of those countries that...

The welfare and social peace are the most important concepts when making policy decisions and investment spending of public resources. Currently both welfare and social peace are compromised by the lack of productive capital and excess of speculative capital, the imbalance between suffering...

This paper empirically tests whether urban economic growth has been pro-poor in the post reform India. The study uses data from the three rounds of quinquennial household survey of urban monthly per capita consumer expenditure (MPCE) carried out by National Sample Survey Organization (NSSO) in...

This study has explored the impact of the rise in food prices on the education of children in the poor and vulnerable households in Bangladesh. It appears that during early 2008 the prices of rice, pulses and edible oil increased tremendously which threatened the status of food security of these...

This chapter focuses on the measurement of standard of living and on the factors influencing its level. Specific attention is paid to the indicators of standard of living, and the frequent employment of GDP is discussed and compared with possible alternatives. Household income is also a factor...