When Unstable, Growth Is Less Pro-Poor

Patrick Guillaumont and Catherine Korachais ()

No wp-2010-077, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Macroeconomic instability has been increasingly considered as a factor lowering average income growth and, in 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 more than 80 countries from 1981 to 2005, we 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: Business cycles; Economic development; Income distribution; Poverty; Poverty measurement (search for similar items in EconPapers)
Date: 2010
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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 (2008)
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