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When is growth pro-poor? : cross-country evidence

Author: Aart Kraay; International Monetary Fund. Research Department,
Publisher: Washington, D.C. : International Monetary Fund, ©2004.
Series: IMF working paper, WP/04/47.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a poverty-reducing pattern of growth in relative incomes. I empirically decompose changes in poverty in a large sample of developing countries into these components. In the medium  Read more...
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Genre/Form: Electronic books
Case studies
Cas, Études de
Additional Physical Format: Print version:
Kraay, Aart.
When is growth pro-poor?
Washington, D.C. : International Monetary Fund, ©2004
(OCoLC)55641699
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Aart Kraay; International Monetary Fund. Research Department,
ISBN: 1451893841 9781451893847 1281225053 9781281225054
OCLC Number: 647464550
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (34 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/04/47.
Responsibility: prepared by Aart Kraay.

Abstract:

Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a poverty-reducing pattern of growth in relative incomes. I empirically decompose changes in poverty in a large sample of developing countries into these components. In the medium run, most of the variation in changes in poverty is due to growth, suggesting that policies and institutions that promote broad-based growth should be central to pro-poor growth. Most of the remainder is due to poverty-reducing patterns of growth in relative incomes, rather than differences in the sensitivity of poverty to growth in average incomes. Cross-country evidence provides little guidance on policies and institutions that promote these other sources of pro-poor growth.

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