Macroeconomic Performance and Poverty Reduction:
This paper investigates the link between macroeconomic performance and the change in the poverty rate among 47 episodes of growth and 52 episodes of economic downturn in developing and transition economies. We show that, on average, (i) the greater the inequality, the lower the elasticity of poverty...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2003
|
| Series: | IMF Working Papers
Working Paper No. 03/72 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | This paper investigates the link between macroeconomic performance and the change in the poverty rate among 47 episodes of growth and 52 episodes of economic downturn in developing and transition economies. We show that, on average, (i) the greater the inequality, the lower the elasticity of poverty to growth, and the higher the mean income, the higher the elasticity; (ii) the country-specific elasticity is identical for episodes of economic growth and for episodes of economic downturn; and (iii) higher growth does not bring diminishing returns to poverty reduction. Moreover, we show that very high inflation is associated with a higher elasticity of the poverty rate to economic downturn, but at lower inflation, there is no relationship between inflation and the elasticity of the poverty rate to growth or recession. Trade openness and changes in the terms of trade explain part of the elasticity of the poverty rate to economic downturn |
| Physical Description: | 1 Online-Ressource (36 p) |
| ISBN: | 1451849362 9781451849363 |
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| index_date | 2024-07-03T20:13:29Z |
| indexdate | 2024-07-10T09:35:38Z |
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| spelling | Epaulard, Anne Verfasser aut Macroeconomic Performance and Poverty Reduction Epaulard, Anne Washington, D.C International Monetary Fund 2003 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/72 This paper investigates the link between macroeconomic performance and the change in the poverty rate among 47 episodes of growth and 52 episodes of economic downturn in developing and transition economies. We show that, on average, (i) the greater the inequality, the lower the elasticity of poverty to growth, and the higher the mean income, the higher the elasticity; (ii) the country-specific elasticity is identical for episodes of economic growth and for episodes of economic downturn; and (iii) higher growth does not bring diminishing returns to poverty reduction. Moreover, we show that very high inflation is associated with a higher elasticity of the poverty rate to economic downturn, but at lower inflation, there is no relationship between inflation and the elasticity of the poverty rate to growth or recession. Trade openness and changes in the terms of trade explain part of the elasticity of the poverty rate to economic downturn Online-Ausg http://elibrary.imf.org/view/IMF001/04397-9781451849363/04397-9781451849363/04397-9781451849363.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Epaulard, Anne Macroeconomic Performance and Poverty Reduction |
| title | Macroeconomic Performance and Poverty Reduction |
| title_auth | Macroeconomic Performance and Poverty Reduction |
| title_exact_search | Macroeconomic Performance and Poverty Reduction |
| title_exact_search_txtP | Macroeconomic Performance and Poverty Reduction |
| title_full | Macroeconomic Performance and Poverty Reduction Epaulard, Anne |
| title_fullStr | Macroeconomic Performance and Poverty Reduction Epaulard, Anne |
| title_full_unstemmed | Macroeconomic Performance and Poverty Reduction Epaulard, Anne |
| title_short | Macroeconomic Performance and Poverty Reduction |
| title_sort | macroeconomic performance and poverty reduction |
| url | http://elibrary.imf.org/view/IMF001/04397-9781451849363/04397-9781451849363/04397-9781451849363.xml |
| work_keys_str_mv | AT epaulardanne macroeconomicperformanceandpovertyreduction |