Pro-Growth Equity : A Policy Framework for the Twin Goals
Growth is an important channel for poverty reduction. Policies to make growth more "inclusive" have permeated the development debate and "pro-poor growth" has been the subject of a wide range of papers in the literature, includi...
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| Online Access: | http://documents.worldbank.org/curated/en/911711479931074058/Pro-growth-equity-a-policy-framework-for-the-twin-goals http://hdl.handle.net/10986/25700 |
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okr-10986-257002021-06-08T14:42:46Z Pro-Growth Equity : A Policy Framework for the Twin Goals Lopez-Calva, Luis F. Rodríguez-Castelán, Carlos poverty equity economic growth inequality assets fiscal policy markets institutions risk Growth is an important channel for poverty reduction. Policies to make growth more "inclusive" have permeated the development debate and "pro-poor growth" has been the subject of a wide range of papers in the literature, including issues related to measurement, modeling, and policy. However, the analytical and particularly empirical literature to support the idea that equity-enhancing policies have a positive effect on growth is more scarce and limited, especially on the potential policy links. This paper proposes a simple conceptual framework to identify the main elements that contribute to the income generation of households, building on the notion that growth can be seen partly as the aggregate outcome of the income generation capacity of households. The framework relies on an asset-based approach, and offers insights on how a more equitable distribution of assets and opportunities for their productive use can feed back into higher growth in the long term. Using this framework, the paper links the World Bank's twin goals to specific policy channels that have direct impacts on the income generation capacity of households, with a particular focus on households at the bottom of the income distribution. The four key policy channels include (i) implementing equitable, efficient and sustainable fiscal policy and macroeconomic management, (ii) strengthening fair and transparent institutions capable of delivering quality basic services, (iii) enabling well-functioning markets, and (iv) establishing adequate risk management instruments at the macro and household levels. 2016-12-06T23:31:42Z 2016-12-06T23:31:42Z 2016-11 Working Paper http://documents.worldbank.org/curated/en/911711479931074058/Pro-growth-equity-a-policy-framework-for-the-twin-goals http://hdl.handle.net/10986/25700 English en_US Policy Research Working Paper;No. 7897 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
poverty equity economic growth inequality assets fiscal policy markets institutions risk |
| spellingShingle |
poverty equity economic growth inequality assets fiscal policy markets institutions risk Lopez-Calva, Luis F. Rodríguez-Castelán, Carlos Pro-Growth Equity : A Policy Framework for the Twin Goals |
| relation |
Policy Research Working Paper;No. 7897 |
| description |
Growth is an important channel for
poverty reduction. Policies to make growth more
"inclusive" have permeated the development debate
and "pro-poor growth" has been the subject of a
wide range of papers in the literature, including issues
related to measurement, modeling, and policy. However, the
analytical and particularly empirical literature to support
the idea that equity-enhancing policies have a positive
effect on growth is more scarce and limited, especially on
the potential policy links. This paper proposes a simple
conceptual framework to identify the main elements that
contribute to the income generation of households, building
on the notion that growth can be seen partly as the
aggregate outcome of the income generation capacity of
households. The framework relies on an asset-based approach,
and offers insights on how a more equitable distribution of
assets and opportunities for their productive use can feed
back into higher growth in the long term. Using this
framework, the paper links the World Bank's twin goals
to specific policy channels that have direct impacts on the
income generation capacity of households, with a particular
focus on households at the bottom of the income
distribution. The four key policy channels include (i)
implementing equitable, efficient and sustainable fiscal
policy and macroeconomic management, (ii) strengthening fair
and transparent institutions capable of delivering quality
basic services, (iii) enabling well-functioning markets, and
(iv) establishing adequate risk management instruments at
the macro and household levels. |
| format |
Working Paper |
| author |
Lopez-Calva, Luis F. Rodríguez-Castelán, Carlos |
| author_facet |
Lopez-Calva, Luis F. Rodríguez-Castelán, Carlos |
| author_sort |
Lopez-Calva, Luis F. |
| title |
Pro-Growth Equity : A Policy Framework for the Twin Goals |
| title_short |
Pro-Growth Equity : A Policy Framework for the Twin Goals |
| title_full |
Pro-Growth Equity : A Policy Framework for the Twin Goals |
| title_fullStr |
Pro-Growth Equity : A Policy Framework for the Twin Goals |
| title_full_unstemmed |
Pro-Growth Equity : A Policy Framework for the Twin Goals |
| title_sort |
pro-growth equity : a policy framework for the twin goals |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/911711479931074058/Pro-growth-equity-a-policy-framework-for-the-twin-goals http://hdl.handle.net/10986/25700 |
| _version_ |
1764459931972403200 |