Macroeconomic performance and poverty reduction /

Macroeconomic performance and poverty reduction /

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Bibliographic Details
Author / Creator:	Epaulard, Anne, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2003.
Description:	1 online resource (35 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/03/72 IMF working paper ; WP/03/72.
Subject:	Economic development -- Econometric models. Income distribution -- Econometric models. Poverty -- Effect of economic policy on -- Econometric models. Poverty -- Econometric models. Poverty -- Econometric models. Economic development -- Econometric models. Income distribution -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496316

Hidden Bibliographic Details
Other authors / contributors:	IMF Institute. International Monetary Fund.
ISBN:	1451895852 9781451895858 1281602280 9781281602282 1462324762 9781462324767 1452799709 9781452799704 9786613782977 6613782971
Notes:	Includes bibliographical references (pages 33-35). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. 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. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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.
Other form:	Print version: Epaulard, Anne. Macroeconomic performance and poverty reduction. [Washington, D.C.] : International Monetary Fund, ©2003
Standard no.:	10.5089/9781451895858.001

Description
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.
Physical Description:	1 online resource (35 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 33-35).
ISBN:	1451895852 9781451895858 1281602280 9781281602282 1462324762 9781462324767 1452799709 9781452799704 9786613782977 6613782971
ISSN:	2227-8885 ;