Open AccessPoverty, Inequality and Millennium Development Goals’ Expenditure: A Probabilistic Linkage
Author(s) -
Bello Malam Sa’idu
Publication year - 2015
Publication title -
international journal of management and sustainability
Language(s) - English
Resource type - Journals
eISSN - 2306-9856
pISSN - 2306-0662
DOI - 10.18488/journal.11/2014.3.11/11.11.653.663
Subject(s) - economics , poverty , millennium development goals , logit , probit , nexus (standard) , inequality , linkage (software) , development economics , economic growth , econometrics , mathematical analysis , biochemistry , chemistry , mathematics , computer science , gene , embedded system
The objective of this paper is to investigate the linkage between poverty, inequality and Millennium Development Goals’ (MDGs) expenditure. To achieve the set objective, probit and logit models were empirically employed using a panel data series. The results revealed that a unit increase in expenditure on MDGs would lead to increase in poverty by a single digit and income inequality by double digits. This is not to blame the MDG funding or discourage it. Plausibly the expenditure on MDGs has been constrained due to technical, managerial, institutional, macro-economic imbalances, and policy bottlenecks. Therefore, government and agencies should ameliorate these constraints. Consequently, this work has originated applied logit and probit models to explore poverty-inequality-MDGs’ expenditure nexus.