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Pré-Publication, Document De Travail Année : 2011

When unstable, growth is less pro poor

Résumé

Macroeconomic instability has been increasingly considered as a factor lowering average income growth and by this way is a factor slowing down poverty reduction. But it can also result in slower poverty reduction for a given average rate of growth, due to poverty traps, often examined at the microeconomic level. Testing a model of poverty change on a panel of data for 70 countries from 1981 to 1999, we do find that income instability results in a lower poverty reduction for a given growth. It reflects a distributional effect not fully captured by a change in the Gini coefficient.
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Dates et versions

halshs-00556672 , version 1 (17-01-2011)

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  • HAL Id : halshs-00556672 , version 1

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Patrick Guillaumont, Catherine Korachais. When unstable, growth is less pro poor. 2011. ⟨halshs-00556672⟩
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