Multidimensional Poverty Index Report

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This project is loosely based on the model by Dhongde, S., & Haveman, R. (2015) “Multi-Dimensional Poverty Index: An Application to the United States”. In this paper author applied the same model for poverty ridden Chinese provinces. We all know how 2008 financial crisis affected the tops guns. But have we ever wondered how it affected the poor? An important breakthrough in the past decades at home and abroad is on understanding of poverty as the single income of poor from steering multidimensional poverty. However, research on exactly how the Multidimensional Poverty Index with the actual selection of countries and regions affects the right index and weight is still not deep enough. Multidimensional Poverty Index was developed by UNDP and …show more content…

The results showed that a strong linear relationship exists between MPI index and macroeconomic variables and we found a major difference in the poverty level if we adjust the ratios. This paper is organized as follows: The first part is an introduction and the second is Research Review, Part 3 describes the research methods and data sources used, the fourth part of the report and discuss the findings, the fifth part is the main conclusions and policy implications and some practical suggestionsIn the past few decades, almost all the countries level of human development has improved along with the lives of billions of people. Poverty has become much of an international concern than a national one, but so far the international criteria for measuring poverty has not yet reached a consensus. From a purely economic point of view, poverty refers to when a family 's income failed to meet minimum standards established by local, and it should be noted that the minimum standard of living varies among …show more content…

To achieve the complete elimination of extreme poverty and hunger target, UN Development Programme (UNDP) opened a programme in 1990 that seeks to develop a plan for 2015 to halve the proportion of people who will be making a daily income of less than one dollar 1.1 Current Scenario of Poverty in China with Gini coefficient Gini (1922) proposed a quantitative determination of the extent of the differences in income distribution indicators. If the Gini coefficient less than 0.2 indicates absolute average income; 0.2-0.3 shows a comparison of the average; 0.3-0.4 indicates poverty is relatively reasonable; 0.4-0.5 represents the income gap is relatively large; Gini coefficient of 0.5 or above represent income gap. It’s based on the following formula The centre estimated that China’s Gini coefficient was 0.49 in 2012, compared with 2010 it decreased slightly, but is still at considerably high level. This value is lower than the Southwest University of Finance and China Household Financial Survey (CHFS) previously announced 0.61, which is way higher than the national Bureau of Statistics 0.474. The report also supplemented with a 90/10 ratio and income quantile two indicators also draw the obvious conclusion very rich-poor

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