When unstable, growth is less pro poor

Catherine Korachais (catherine.korachais@gmail.com) and Patrick Guillaumont (patrick.guillaumont@ferdi.fr)

No 200827, Working Papers from CERDI

Abstract: Macroeconomic instability has been increasingly considered as a factor lowering average income growth and by this way is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate of growth, due to poverty traps, often examined at the microeconomic level. Testing a model of poverty change on a panel of data for 70 countries from 1981 to 1999, we do find that income instability results in a lower poverty reduction for a given growth. It reflects a distributional effect not fully captured by a change in the Gini coefficient.

Keywords: Income instability; Poverty; Inequality; Economic growth; Growth elasticity of poverty; Poverty trap (search for similar items in EconPapers)
Pages: 31
Date: 2008
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: When unstable, growth is less pro poor (2011)
Working Paper: When unstable, growth is less pro poor (2011)
Working Paper: When Unstable, Growth Is Less Pro-Poor (2010)
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