Operationalizing Inclusive Growth: Per-Percentile Diagnostics to Inform Redistribution Policies
IMF Working Papers, March 6, 2020
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- Operationalizing Inclusive Growth: Per-Percentile Diagnostics to Inform Redistribution Policies
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Bibliographic details
- Authors: Alexei P Kireyev, Andrei Leonidov
- Published: March 6, 2020
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513528397.001
Summary and central finding
- Inclusive growth is narrowly defined in this paper as growth that helps reduce inequality.
- Inclusive growth is achieved if consumption of the poor increases faster than consumption of the rich.
- The paper presents a simple accounting framework for a per-percentile consumption diagnostics that could inform redistribution policies.
- The proposed framework is illustrated in application to Iraq and Tunisia.
Framework and methodological contribution
- Presents a simple accounting framework for per-percentile consumption diagnostics.
- The diagnostics are designed to inform redistribution policies by identifying percentile-level consumption changes.
- Emphasis on per-percentile policy, percentile targeting, percentile properties, and percentile structure in consumption distributions.
Applications and empirical illustration
- The proposed framework is illustrated in application to Iraq and Tunisia.
Policy implications and use for redistribution
- The per-percentile consumption diagnostics are intended to inform redistribution policies by showing how consumption changes across the distribution.
- Policy use centers on identifying whether consumption of the poor increases faster than consumption of the rich to operationalize inclusive growth.
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- Working Paper