Macroeconomic Performance and Poverty Reduction High quality books
Macroeconomic Performance and Poverty Reduction
By:Ms. Anne Epaulard
Published on 2003-04-01 by International Monetary Fund
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.
This Book was ranked at 38 by Google Books for keyword Nominal rigidity.
Book ID of Macroeconomic Performance and Poverty Reduction's Books is oQ7jOR7z43cC, Book which was written byMs. Anne Epaulardhave ETAG "snwnU8tkZjs"
Book which was published by International Monetary Fund since 2003-04-01 have ISBNs, ISBN 13 Code is 9781451895858 and ISBN 10 Code is 1451895852
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