Multi-dimensional poverty index is an international measure of acute poverty covering over 104 countries. As everyone knows that Poverty is measured as a single dimensional index such as income. But income alone misses a lot because India is growing fast in economic perspective but health, education and living standard not improved yet. It is the fact that India’s per capita income lies in one ...

This study examines causal link between energy use and economic growth for five South Asian countries over period 1971-2006. Panel cointegration, ECM and FMOLS are applied for short and long run estimates. In short run unidirectional causality from per capita GDP to per capita energy consumption is found, but not vice versa. In long run one percent increase in per capita energy consumption tend...

Recent trade data exhibit the following four empirical regularities: (i) countries import only a small fraction of all traded varieties (ii) per capita income and the number of imported varieties correlate positively (iii) per capita income and trade shares correlate positively and, finally, (iv) world trade shares have increased substantially. The present paper argues that standard theories fa...

What fundamentally causes the various levels of per capita income across regions within the same country that share similar political institutions? We present a “rice hypothesis”: that the mix of crops grown in different regions explains the variation in economic development. Using sub-national data from China, we demonstrate that rice cultivating regions are significantly wealthier than wheat ...