Household Welfare and Poverty Dynamics in Burkina Faso : Empirical Evidence from Household Surveys
The authors investigate the dynamics of poverty and income inequality in a cross-section of socio-economic groups and geographical regions over the five-year growth period following the 1994 devaluation of the CFA franc in Burkina Faso. Results sho...
| Main Authors: | , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/04/1089580/household-welfare-poverty-dynamics-burkina-faso-empirical-evidence-household-surveys http://hdl.handle.net/10986/19676 |
| Summary: | The authors investigate the dynamics of
poverty and income inequality in a cross-section of
socio-economic groups and geographical regions over the
five-year growth period following the 1994 devaluation of
the CFA franc in Burkina Faso. Results show rapidly
increasing urban poverty accompanied by rising income
inequality, declining poverty -growth elasticities, and
significant changes in the poverty map. In rural areas, the
incidence of poverty remained the same and income inequality
did not increase. In contrast, the distribution of welfare
across socio-economic groups was more stable. The rank
ordering of socioeconomic groups on the welfare scale did
not change during the post-devaluation growth period.
Poverty remains largely a rural phenomenon, whose inelastic
nature may justify a shift toward growth-oriented policies
that at least maintain the rural poor's share of income
to reduce poverty in the medium term. Among factors that
feed into income inequality: disparities in wages and in
educational attainment and unequal access to productive
assets (especially human capital). |
|---|