Publication:
Do Poverty Traps Exist?

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dc.contributor.authorKraay, Aart
dc.contributor.authorMcKenzie, David
dc.date.accessioned2014-04-10T19:26:52Z
dc.date.available2014-04-10T19:26:52Z
dc.date.issued2014-04
dc.description.abstractThis paper reviews the empirical evidence on the existence of poverty traps, understood as self-reinforcing mechanisms through which poor individuals or countries remain poor. Poverty traps have captured the interest of many development policy makers, because poverty traps provide a theoretically coherent explanation for persistent poverty. They also suggest that temporary policy interventions may have long-term effects on poverty. However, a review of the reduced-form empirical evidence suggests that truly stagnant incomes of the sort predicted by standard models of poverty traps are in fact quite rare. Moreover, the empirical evidence regarding several canonical mechanisms underlying models of poverty traps is mixed.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/04/19354776/poverty-traps-exist
dc.identifier.doi10.1596/1813-9450-6835
dc.identifier.urihttps://hdl.handle.net/10986/17719
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6835
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE VALUE
dc.subjectAGGREGATE LEVEL
dc.subjectAGRICULTURE
dc.subjectAMOUNT OF CAPITAL
dc.subjectANNUAL GROWTH
dc.subjectANTI-POVERTY
dc.subjectAVERAGE GROWTH
dc.subjectBANK POLICY
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL STOCK
dc.subjectCASH TRANSFERS
dc.subjectCONSUMPTION GROWTH
dc.subjectCOORDINATION FAILURE
dc.subjectCOORDINATION FAILURES
dc.subjectCOUNTRY DATA
dc.subjectCOUNTRY LEVEL
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT RESEARCH
dc.subjectDIMINISHING RETURNS
dc.subjectDISADVANTAGED AREAS
dc.subjectDIVERSIFICATION
dc.subjectDIVERSIFIED PORTFOLIOS
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LITERATURE
dc.subjectECONOMIC STUDIES
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS
dc.subjectELIGIBILITY
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEQUILIBRIUM
dc.subjectESTIMATION METHOD
dc.subjectEXTREME POVERTY
dc.subjectEXTREMELY POOR HOUSEHOLDS
dc.subjectFAMINE
dc.subjectFAMINES
dc.subjectFARMERS
dc.subjectFIXED ASSET
dc.subjectFIXED CAPITAL
dc.subjectFIXED COSTS
dc.subjectFOOD INTAKE
dc.subjectGDP PER CAPITA
dc.subjectGEOGRAPHIC POVERTY TRAPS
dc.subjectGLOBAL POVERTY
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH PROSPECTS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH REGRESSIONS
dc.subjectHEADCOUNT POVERTY
dc.subjectHOLDING
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD INCOME
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME DYNAMICS
dc.subjectINCOME GAINS
dc.subjectINCOME GROWTH
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINEQUALITY
dc.subjectINFORMAL CREDIT
dc.subjectINSURANCE
dc.subjectINTERNATIONAL BANK
dc.subjectINVENTORIES
dc.subjectINVESTING
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT RATES
dc.subjectINVESTMENT TECHNOLOGIES
dc.subjectLAND DEGRADATION
dc.subjectLIQUIDITY
dc.subjectLOTTERY
dc.subjectLOW INCOME
dc.subjectM1
dc.subjectM2
dc.subjectMACROECONOMICS
dc.subjectMALNUTRITION
dc.subjectMARGINAL PRODUCT
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMARGINAL RETURN
dc.subjectMARGINAL RETURNS
dc.subjectMARGINAL UTILITY
dc.subjectMARGINAL UTILITY OF CONSUMPTION
dc.subjectMARKET FAILURES
dc.subjectMICROENTERPRISES
dc.subjectMICROFINANCE
dc.subjectNPL
dc.subjectNUTRITION
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPERSISTENT POVERTY
dc.subjectPOLICY AREAS
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY INTERVENTIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY PERSPECTIVE
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR
dc.subjectPOOR AREAS
dc.subjectPOOR COUNTRIES
dc.subjectPOOR INDIVIDUALS
dc.subjectPOOR POPULATION
dc.subjectPOOR RURAL AREAS
dc.subjectPOVERTY RATES
dc.subjectPOVERTY TRAPS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTIVE ASSETS
dc.subjectPRODUCTIVE INVESTMENTS
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPURCHASING POWER
dc.subjectREAL GDP
dc.subjectREMOTE RURAL AREAS
dc.subjectRISING DEMAND
dc.subjectRISK MANAGEMENT
dc.subjectRURAL
dc.subjectRURAL REGIONS
dc.subjectRURAL ROADS
dc.subjectRURAL WOMEN
dc.subjectSAVING FUNCTION
dc.subjectSAVING RATE
dc.subjectSAVINGS
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESSES
dc.subjectSTANDARD DEVIATION
dc.subjectSTANDARD OF LIVING
dc.subjectTARGETING
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRANSITION ECONOMIES
dc.subjectULTRAPOOR
dc.subjectUNEMPLOYMENT
dc.subjectWAGES
dc.subjectWAR
dc.subjectWATER AVAILABILITY
dc.subjectWEALTH
dc.subjectWORKERS EXPERIENCE
dc.subjectWORKING CAPITAL
dc.titleDo Poverty Traps Exist?en
dspace.entity.typePublication
okr.crossref.titleDo Poverty Traps Exist?
okr.date.disclosure2014-04-01
okr.date.doiregistration2025-04-10T11:31:48.798096Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/04/19354776/poverty-traps-exist
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.guid915281468330944384
okr.identifier.doi10.1596/1813-9450-6835
okr.identifier.externaldocumentum000158349_20140407145312
okr.identifier.internaldocumentum19354776
okr.identifier.reportWPS6835
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/07/000158349_20140407145312/Rendered/PDF/WPS6835.pdfen
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.themeEconomic management :: Analysis of economic growth
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPoverty Reduction::Poverty Reduction Strategies
okr.topicMacroeconomics and Economic Growth
okr.unitMacroeconomics and Growth Team and the Finance and Private Sector Development Team, Development Research Group (DECRG)
okr.volume1 of 1
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relation.isAuthorOfPublication148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isAuthorOfPublication.latestForDiscoveryfe7bc90f-4a13-5746-9efb-e11d3386cdf8
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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