Macroeconomic Performance and Poverty Reduction / Anne Epaulard.

Format:

Book

Government document

Author/Creator:

Epaulard, Anne.

Series:

IMF Working Papers; Working Paper ; No. 2003/072

IMF Working Papers

Language:

English

Physical Description:

1 online resource (36 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2003.

Language Note:

English

Summary:

This paper investigates the link between macroeconomic performance and the change in the poverty rate among 47 episodes of growth and 52 episodes of economic downturn in developing and transition economies. We show that, on average, (i) the greater the inequality, the lower the elasticity of poverty to growth, and the higher the mean income, the higher the elasticity; (ii) the country-specific elasticity is identical for episodes of economic growth and for episodes of economic downturn; and (iii) higher growth does not bring diminishing returns to poverty reduction. Moreover, we show that very high inflation is associated with a higher elasticity of the poverty rate to economic downturn, but at lower inflation, there is no relationship between inflation and the elasticity of the poverty rate to growth or recession. Trade openness and changes in the terms of trade explain part of the elasticity of the poverty rate to economic downturn.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

ISBN:

9786613782977

9781462324767

1462324762

9781452799704

1452799709

9781281602282

1281602280

9781451895858

1451895852