Accelerating poverty reduction in a less poor world [electronic resource] : the roles of growth and inequality / Pedro Olinto, Gabriel Lara Ibarra, Jaime Saavedra-Chanduvi.
"This paper re-examines the roles of changes in income and inequality in poverty reduction. The study provides estimates of the relative effects of inequality reduction versus growth promotion in reducing poverty for countries with different levels of initial poverty. The analysis uses country...
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| Online Access: |
Full Text (via Open Knowledge Repository) |
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
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[Washington, D.C.] :
World Bank,
[2014]
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| Series: | Policy research working papers ;
6855. |
| Subjects: |
| Summary: | "This paper re-examines the roles of changes in income and inequality in poverty reduction. The study provides estimates of the relative effects of inequality reduction versus growth promotion in reducing poverty for countries with different levels of initial poverty. The analysis uses country panel-data for 1980-2010. The results indicate that, as countries become less poor, inequality-reducing policies are likely to become relatively more effective for poverty reduction than growth-promoting policies. The results indicate that the growth elasticity of poverty reduction either increases or remains constant with the level of initial poverty. Nevertheless, the results also strongly indicate that, as poverty declines, the inequality elasticity of poverty reduction increases faster. Therefore, if the marginal cost of reducing inequality relative to the marginal cost of increasing growth does not increase with lower poverty levels, to accelerate poverty reduction, greater emphasis should be given to equity rather than growth as countries attain higher levels of development"--Abstract. |
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| Item Description: | "The World Bank, Poverty Reduction and Economic Management Network, Poverty Reduction and Equity Unit." "May 2014." |
| Physical Description: | 1 online resource (30 pages) : color illustrations. |
| Bibliography: | Includes bibliographical references (pages 16-17). |
| Source of Description, Etc. Note: | Online resource; title from pdf title page (World Bank.org Web site, viewed July 18, 2014). |