{
"item_title" : "Economic Growth And Poverty Reduction",
"item_author" : [" Alan Castle", "Michael Dylan Cora "],
"item_description" : "This study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. There is little evidence to support the contention that economic growth and outward-oriented policies will hurt the poor. Countries with higher rates of economic growth over the last 30 years have achieved greater reductions in poverty.",
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Overview
This study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. There is little evidence to support the contention that economic growth and outward-oriented policies will hurt the poor. Countries with higher rates of economic growth over the last 30 years have achieved greater reductions in poverty.
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Details
- ISBN-13: 9781530459384
- ISBN-10: 1530459389
- Publisher: Createspace Independent Publishing Platform
- Publish Date: March 2016
- Dimensions: 9 x 6 x 0.36 inches
- Shipping Weight: 0.59 pounds
- Page Count: 140
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