Is Growth Enough? Macroeconomic Policy and Poverty Reduction

Carlos Leite, Charalambos Tsangarides and Dhaneshwar Ghura

No 2002/118, IMF Working Papers from International Monetary Fund

Abstract: The paper investigates the existence of "super pro-poor" policies-that is, policies that directly influence the income of the poor after accounting for the effect of growth. It uses a dynamic panel estimator to capture both across- and within-country effects, and a Bayesian-type robustness check to account for model uncertainty. The findings confirm that growth raises the income of the poor, although this relationship is less than one-to-one. The analysis also identifies four super pro-poor conditions that are influenced by policy: inflation, government size, educational achievement, and financial development.

Keywords: WP; income; economic growth; Poverty Alleviation; Macroeconomic Policy; Bayesian Analysis; income of the poor; poverty-reducing effect; redistribution scheme; GMM estimator; terms of trade; Personal income; Poverty reduction; Income inequality; Poverty reduction strategy; East Asia (search for similar items in EconPapers)
Pages: 39
Date: 2002-07-01
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Citations: View citations in EconPapers (27)

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