Growth Still Is Good for the Poor

doi:10.1016/j.euroecorev.2015.05.008

Publication:
Growth Still Is Good for the Poor

dc.contributor.author	Dollar, David
dc.contributor.author	Kleineberg, Tatjana
dc.contributor.author	Kraay, Aart
dc.date.accessioned	2015-09-30T15:27:45Z
dc.date.available	2015-09-30T15:27:45Z
dc.date.issued	2015-06-18
dc.description.abstract	Average incomes in the poorest two quintiles on average increase at the same rate as overall average incomes. This is because, in a global data set spanning 121 countries over the past four decades, changes in the share of income of the poorest quintiles are uncorrelated with changes in average income. The variation in changes in quintile shares is also small relative to the variation in growth in average incomes, implying that the latter accounts for most of the variation in income growth in the poorest quintiles. In addition, we find little evidence that changes in the bottom quintile shares are correlated with country-level factors that are typically considered as important determinants for growth in average incomes or for changes in inequality. This evidence confirms the central importance of economic growth for improvements in living standards at the low end of the income distribution. It also illustrates the difficulty of identifying specific macroeconomic policies that are significantly associated with the growth rates of those in the poorest quintiles relative to everyone else.	en
dc.identifier.citation	European Economic Review
dc.identifier.doi	10.1596/22707
dc.identifier.issn	0014-2921
dc.identifier.uri	https://hdl.handle.net/10986/22707
dc.language.iso	en_US
dc.publisher	Elsevier
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	growth
dc.subject	inequality
dc.title	Growth Still Is Good for the Poor	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.date.disclosure	2019-06-18
okr.date.doiregistration	2025-05-06T10:58:21.612294Z
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Journal Article
okr.externalcontent	External Content
okr.globalpractice	Macroeconomics and Fiscal Management
okr.identifier.doi	10.1016/j.euroecorev.2015.05.008
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.relation.associatedurl	http://www.sciencedirect.com/science/article/pii/S0014292115000793
okr.relation.associatedurl	https://openknowledge.worldbank.org/handle/10986/16001
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Macroeconomics and Economic Growth::Economic Theory & Research
okr.topic	Poverty Reduction::Achieving Shared Growth
okr.topic	Poverty Reduction::Inequality
okr.unit	Macroeconomics and Growth Team, Development Research Group (DECMG)
okr.volume	(Forthcoming 2015)
relation.isAuthorOfPublication	fe7bc90f-4a13-5746-9efb-e11d3386cdf8
relation.isAuthorOfPublication.latestForDiscovery	fe7bc90f-4a13-5746-9efb-e11d3386cdf8