Journal Article

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

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Antoine, Kassia
dc.contributor.author
Singh, Raju Jan
dc.contributor.author
Wacker, Konstantin M.
dc.date.accessioned
2017-08-08T18:37:41Z
dc.date.available
2017-08-08T18:37:41Z
dc.date.issued
2017-05-02
dc.date.lastModified
2021-05-25T10:54:42Z
dc.description.abstract
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.
en
dc.identifier.citation
Forum for Social Economics
dc.identifier.issn
0736-0932
dc.identifier.uri
http://hdl.handle.net/10986/27674
dc.language.iso
en_US
dc.publisher
Taylor and Francis
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.subject
POVERTY
dc.subject
EDUCATION
dc.subject
INFRASTRUCTURE
dc.subject
MACROECONOMIC STABILITY
dc.subject
PANEL DATA
dc.title
Poverty and Shared Prosperity
en
dc.title.subtitle
Let's Move the Discussion Beyond Growth
en
dc.type
Journal Article
en
okr.associatedcontent
http://www.tandfonline.com/doi/full/10.1080/07360932.2017.1307135 Journal website (version of record)
okr.date.disclosure
2018-11-02
okr.doctype
Publications & Research :: Journal Article
okr.doctype
Publications & Research
okr.externalcontent
External Content
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1080/07360932.2017.1307135
okr.identifier.doi
10.1596/27674
okr.identifier.report
118146
okr.journal.nbpages
192-205
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Macroeconomics and Economic Growth :: Macroeconomic Management
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Poverty Reduction :: Inequality
okr.unit
Macroeconomics and Fiscal Management Global Practice
okr.volume
46(2)

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