Immiserizing Growth: An Empirical Evaluation

Yasuyuki Sawada

No CIRJE-F-235, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: This paper examines the empirical validity of immiserizing growth in a consistent manner. A straightforward test for immiserizing growth is constructed by using the revealed preference framework of welfare evaluation, together with macroeconomic growth data. We identify 34 episodes of immiserizing growth in the post-war world economy, mostly in Africa and Latin America. This suggests the existence of large distortions that outweigh the gains from growth.

Pages: 20 pages
Date: 2003-07
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The immiserizing growth: an empirical evaluation (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2003cf235

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