Growth and the poor: a comment on Dollar and Kraay

Malte Lübker, Graham Smith and John Weeks
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Malte Lübker: SOAS, University of London, London, UK, Postal: SOAS, University of London, London, UK
Graham Smith: SOAS, University of London, London, UK, Postal: SOAS, University of London, London, UK
John Weeks: SOAS, University of London, London, UK, Postal: SOAS, University of London, London, UK
Authors registered in the RePEc Author Service: Malte Luebker

Journal of International Development, 2002, vol. 14, issue 5, 555-571

Abstract: In a recent paper Dollar and Kraay come to sweeping conclusions about economic growth and the poor. On the basis of empirical work they assert that standard World Bank and IMF policy packages are good for the poor. This paper demonstrates that (i) the empirical work is based on theoretically unsound equations; (ii) the data are seriously flawed; and (iii) the policy variables are not defined appropriately, nor are they tested in a consistent manner. These problems imply that the policy conclusions of the authors are unsafe. Copyright © 2002 John Wiley & Sons, Ltd.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:14:y:2002:i:5:p:555-571

DOI: 10.1002/jid.911

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