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Using an asset-based approach to identify drivers of sustainable rural growth and poverty reduction in Central America : a conceptual framework

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  • Siegel, Paul B.
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    Abstract

    The asset-based approach considers links between households'productive, social, and locational assets; the policy, institutional, and risk context; household behavior as expressed in livelihood strategies; and well-being outcomes. For sustainable poverty reducing growth, it is critical to examine household asset portfolios and understand how assets interact with the context to influence the selection of livelihood strategies, which in turn determine well-being. Policy reforms can change the context and income-generating potential of assets. Investments can add new assets or increase the efficiency of existing household assets, and also improve households'risk management capacity to protect assets. After all is said and done, a household's asset portfolio will determine whether growth and poverty reduction can be achieved and sustained over time. The asset-based framework is amendable to different analytical techniques. Siegel suggests combining quantitative and qualitative spatial and household level analyses (and linked spatial and household level analyses) to deepen understanding of the complex relationships between assets, context, livelihood strategies, and well-being outcomes.

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    Bibliographic Info

    Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3475.

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    Date of creation: 01 Jan 2005
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    Handle: RePEc:wbk:wbrwps:3475

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    Keywords: Municipal Financial Management; Economic Theory&Research; Public Health Promotion; International Terrorism&Counterterrorism; Environmental Economics&Policies; Economic Theory&Research; Poverty Assessment; Environmental Economics&Policies; International Terrorism&Counterterrorism; Municipal Financial Management;

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    Cited by:
    1. Alwang, Jeffrey & Jansen, Hans G.P. & Siegel, Paul B. & Pichon, Francisco, 2005. "Geographic space, assets, livelihoods and well-being in rural Central America," DSGD discussion papers 26, International Food Policy Research Institute (IFPRI).
    2. Valenzuela, Irina, 2013. "Activos y contexto económico: Factores relacionados con la pobreza en el Perú," Working Papers 2013-013, Banco Central de Reserva del Perú.
    3. Akter, Shaheen & Farrington, John, 2008. "Poverty transition through targeted programme: the case of Bangladesh Poultry Model," 82nd Annual Conference, March 31 - April 2, 2008, Royal Agricultural College, Cirencester, UK 36765, Agricultural Economics Society.
    4. World Bank, 2004. "Drivers of Sustainable Rural Growth and Poverty Reduction in Central America : Honduras Case Study, Volume 1. Executive Summary and Main Text," World Bank Other Operational Studies 14399, The World Bank.
    5. Hans G.P. Jansen & Paul B. Siegel & Jeffrey Alwang & Francisco Pichón, 2005. "Geography, Livelihoods and Rural Poverty in Honduras: An Empirical Analysis using an Asset-base Approach," Ibero America Institute for Econ. Research (IAI) Discussion Papers 134, Ibero-America Institute for Economic Research.

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