## Macroeconomic Performance and Poverty Reduction

_IMF Working Papers, April 1, 2003_

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## Bibliographic details
- Authors: Anne Epaulard
- Published: April 1, 2003
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451849363.001

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### 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.
- The analysis covers 36 pages and appears as IMF Working Paper No. 2003/072 (Issue: 072, Volume: 2003).
- Author: Anne Epaulard. Date: April 1, 2003. DOI: https://doi.org/10.5089/9781451849363.001.
- Subjects: Income distribution, National accounts, Personal income, Poverty, Poverty reduction, Poverty reduction strategy.
- Keywords: absolute value, Africa, Asia and Pacific, d ln, day headcount poverty rate, day poverty rate, East Asia, economic growth, efficiency ratio, elasticity of poverty, elasticity of the poverty rate, Growth, Income Distribution, inflation rate, Macroeconomic Policies, Middle East, Personal income, Poverty, Poverty reduction, Poverty reduction strategy, South Asia, WP.
- ISBN: 9781451849363. ISSN: 1018-5941. Stock No: WPIEA0722003.

### Major empirical findings
- On average, greater inequality is associated with a lower elasticity of poverty to growth.
- On average, higher mean income is associated with a higher elasticity of poverty to growth.
- The country-specific elasticity is identical for episodes of economic growth and for episodes of economic downturn.
- Higher growth does not bring diminishing returns to poverty reduction.
- Very high inflation is associated with a higher elasticity of the poverty rate to economic downturn.
- 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.

### Data scope and episodes analyzed
- Episodes of growth: 47.
- Episodes of economic downturn: 52.
- Economies covered: developing and transition economies.

### Publication and access details
- Publication type: IMF Working Papers.
- Format availability: PDF and multiple formats on IMF eLibrary.
- Page count: 36.

*Anne Epaulard, "Macroeconomic Performance and Poverty Reduction", IMF Working Papers 2003, 072 (2003), accessed 8/6/2026, https://doi.org/10.5089/9781451849363.001*

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- **Macroeconomic Performance and Poverty Reduction - WP/03/72**
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