Is Growth Enough? Macroeconomic Policy and Poverty Reduction [electronic resource] / Carlos Leite.
Material type: TextSeries: IMF Working Papers; Working Paper ; No. 02/118Publication details: Washington, D.C. : International Monetary Fund, 2002Description: 1 online resource (39 p.)ISBN: 1451854099 :ISSN: 1018-5941Subject(s): Bayesian Analysis | Comparative Studies of Countries | Correlation | Equation | Logarithm | Macroeconomic Policy | Bulgaria | Canada | Hong Kong Special Administrative Region of China | India | Sierra LeoneAdditional physical formats: Print Version:: Is Growth Enough? Macroeconomic Policy and Poverty ReductionOnline resources: IMF e-Library | IMF Book Store Abstract: The paper investigates the existence of "super pro-poor" policies-that is, policies that directly influence the income of the poor after accounting for the effect of growth. It uses a dynamic panel estimator to capture both across- and within-country effects, and a Bayesian-type robustness check to account for model uncertainty. The findings confirm that growth raises the income of the poor, although this relationship is less than one-to-one. The analysis also identifies four super pro-poor conditions that are influenced by policy: inflation, government size, educational achievement, and financial development.The paper investigates the existence of "super pro-poor" policies-that is, policies that directly influence the income of the poor after accounting for the effect of growth. It uses a dynamic panel estimator to capture both across- and within-country effects, and a Bayesian-type robustness check to account for model uncertainty. The findings confirm that growth raises the income of the poor, although this relationship is less than one-to-one. The analysis also identifies four super pro-poor conditions that are influenced by policy: inflation, government size, educational achievement, and financial development.
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