Is there poverty convergence?

Jesus Crespo Cuaresma, Stephan Klasen and Konstantin Wacker

No 230, Courant Research Centre: Poverty, Equity and Growth - Discussion Papers from Courant Research Centre PEG

Abstract: Martin Ravallion ("Why Don't We See Poverty Convergence?" American Economic Review, 102(1): 504-23; 2012) presents evidence against the existence of proportionate convergence in global poverty rates despite convergence in household mean income levels and the link between income growth and poverty reduction. We show that heterogeneity in this link affects the evidence of poverty convergence and that this result depends on the sample selected, especially on the inclusion of transition economies with poorly measured low poverty incidences. Motivating the poverty convergence equation with an arguably superior semi-elasticity specification, we find robust evidence of convergence in absolute poverty rates.

Keywords: poverty convergence; income inequality; economic growth; poverty trap; transition economies (search for similar items in EconPapers)
JEL-codes: D31 I32 P36 (search for similar items in EconPapers)
Date: 2017-06-13
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Working Paper: Is there poverty convergence? (2017)
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