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Pro-Growth Equity: A Policy Framework for the Twin Goals

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dc.contributor.authorLopez-Calva, Luis F.
dc.contributor.authorRodríguez-Castelán, Carlos
dc.date.accessioned2016-12-06T23:31:42Z
dc.date.available2016-12-06T23:31:42Z
dc.date.issued2016-11
dc.description.abstractGrowth 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/911711479931074058/Pro-growth-equity-a-policy-framework-for-the-twin-goals
dc.identifier.doi10.1596/1813-9450-7897
dc.identifier.urihttps://hdl.handle.net/10986/25700
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7897
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectpoverty
dc.subjectequity
dc.subjecteconomic growth
dc.subjectinequality
dc.subjectassets
dc.subjectfiscal policy
dc.subjectmarkets
dc.subjectinstitutions
dc.subjectrisk
dc.titlePro-Growth Equityen
dc.title.subtitleA Policy Framework for the Twin Goalsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titlePro-Growth Equity: A Policy Framework for the Twin Goals
okr.date.disclosure2016-11-23
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/911711479931074058/Pro-growth-equity-a-policy-framework-for-the-twin-goals
okr.guid911711479931074058
okr.identifier.doi10.1596/1813-9450-7897
okr.identifier.externaldocumentum090224b0847328ad_1_0
okr.identifier.internaldocumentum26969417
okr.identifier.reportWPS7897
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/911711479931074058/pdf/WPS7897.pdfen
okr.statistics.combined1983
okr.statistics.dr911711479931074058
okr.statistics.drstats1358
okr.topicPoverty Reduction::Inequality
okr.topicPoverty Reduction::Pro-Poor Growth
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitPoverty and Equity Global Practice Group
relation.isAuthorOfPublication4a5ab8d0-522b-5033-8fc3-5372cdcf7860
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