Poverty and Growth in the WAEMU after the 1994 Devaluation

Jean-Paul Azam ()

No RP2004-19, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper brings out that poverty increased massively in the wake of the 1994 devaluation of the CFA franc, despite a significant recovery of economic growth. Although this increase affected all the social groups, it fell mostly on the urban poor. An analytical model is presented, which explains this puzzle by the stratification of the labour market, assuming that the formal sector workers are at the same time the investors in the informal sector.

Keywords: Economic development; Income distribution; Government policy (Poor); Econometric models (Unemployment) (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Poverty and Growth in the WAEMU after the 1994 Devaluation (2004)
Working Paper: Poverty and Growth in the WAEMU after the 1994 Devaluation (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2004-19

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