Is Growth Enough? Macroeconomic Policy and Poverty Reduction
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Summary:
The paper investigates the existence of "super pro-poor" policies-that is, policies that directly influence the income of the poor after accounting for the effect of growth. It uses a dynamic panel estimator to capture both across- and within-country effects, and a Bayesian-type robustness check to account for model uncertainty. The findings confirm that growth raises the income of the poor, although this relationship is less than one-to-one. The analysis also identifies four super pro-poor conditions that are influenced by policy: inflation, government size, educational achievement, and financial development.
Series:
Working Paper No. 2002/118
Subject:
Income inequality National accounts Personal income Poverty Poverty reduction Poverty reduction strategy
English
Publication Date:
July 1, 2002
ISBN/ISSN:
9781451854091/1018-5941
Stock No:
WPIEA1182002
Pages:
39
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