Is Growth Enough? Macroeconomic Policy and Poverty Reduction

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.
Publication date: July 2002
ISBN: 9781451854091
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Development - Economic Development , Development - Economic Development , Macroeconomic Policy , Bayesian Analysis , probability , logarithm , equation , correlation , Multiple or Simultaneous Equation Models: Models with Panel Data , Measurement and Analysis of Poverty , Comparative Studies of Countries

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