Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth

Some authors argue that it is enough to focus on growth to achieve lower poverty and greater shared prosperity. Policy-makers are warned that any effort to make growth more equal would be a distraction at best and could even be detrimental. Achieving the World Bank target of a 3% poverty rate by 203...

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Main Authors:	Antoine, Kassia, Singh, Raju Jan, Wacker, Konstantin M.
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2017
Subjects:	GROWTH INEQUALITY POVERTY EDUCATION INFRASTRUCTURE MACROECONOMIC STABILITY PANEL DATA
Online Access:	http://hdl.handle.net/10986/27674

id	okr-10986-27674
recordtype	oai_dc
spelling	okr-10986-276742021-05-25T10:54:42Z Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth Antoine, Kassia Singh, Raju Jan Wacker, Konstantin M. GROWTH INEQUALITY POVERTY EDUCATION INFRASTRUCTURE MACROECONOMIC STABILITY PANEL DATA Some authors argue that it is enough to focus on growth to achieve lower poverty and greater shared prosperity. Policy-makers are warned that any effort to make growth more equal would be a distraction at best and could even be detrimental. Achieving the World Bank target of a 3% poverty rate by 2030 will require, however, more targeted policies favoring the poorest segments of the population. But what would be these policies? While studies investigating determinants of GDP growth have been numerous, less is known about factors influencing household incomes at the lowest segments of the income distribution. This paper estimates income drivers for the poorest two income quintiles drawing on a panel of 117 countries over the period 1967–2011. Its results suggest that maintaining macroeconomic stability as well as investing in human and physical capital would not only be associated with faster overall economic growth, but also with even faster income growth for the poorest segments of the population. This paper confirms the central role overall economic growth should play in any strategy to reduce poverty. Its results suggest, however, that in addition policy-makers may have instruments to tweak the distribution of the benefits of faster economic growth in favor of the households at the bottom of the income distribution. There thus need not be a trade-off between inequality and growth. 2017-08-08T18:37:41Z 2017-08-08T18:37:41Z 2017-05-02 Journal Article Forum for Social Economics 0736-0932 http://hdl.handle.net/10986/27674 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	GROWTH INEQUALITY POVERTY EDUCATION INFRASTRUCTURE MACROECONOMIC STABILITY PANEL DATA
spellingShingle	GROWTH INEQUALITY POVERTY EDUCATION INFRASTRUCTURE MACROECONOMIC STABILITY PANEL DATA Antoine, Kassia Singh, Raju Jan Wacker, Konstantin M. Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth
description	Some authors argue that it is enough to focus on growth to achieve lower poverty and greater shared prosperity. Policy-makers are warned that any effort to make growth more equal would be a distraction at best and could even be detrimental. Achieving the World Bank target of a 3% poverty rate by 2030 will require, however, more targeted policies favoring the poorest segments of the population. But what would be these policies? While studies investigating determinants of GDP growth have been numerous, less is known about factors influencing household incomes at the lowest segments of the income distribution. This paper estimates income drivers for the poorest two income quintiles drawing on a panel of 117 countries over the period 1967–2011. Its results suggest that maintaining macroeconomic stability as well as investing in human and physical capital would not only be associated with faster overall economic growth, but also with even faster income growth for the poorest segments of the population. This paper confirms the central role overall economic growth should play in any strategy to reduce poverty. Its results suggest, however, that in addition policy-makers may have instruments to tweak the distribution of the benefits of faster economic growth in favor of the households at the bottom of the income distribution. There thus need not be a trade-off between inequality and growth.
format	Journal Article
author	Antoine, Kassia Singh, Raju Jan Wacker, Konstantin M.
author_facet	Antoine, Kassia Singh, Raju Jan Wacker, Konstantin M.
author_sort	Antoine, Kassia
title	Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth
title_short	Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth
title_full	Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth
title_fullStr	Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth
title_full_unstemmed	Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth
title_sort	poverty and shared prosperity : let's move the discussion beyond growth
publisher	Taylor and Francis
publishDate	2017
url	http://hdl.handle.net/10986/27674
_version_	1764465861599428608

Poverty and Shared Prosperity : Let's Move the Discussion Beyond Growth

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