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Macroeconomic Fundamentals of Poverty and Deprivation: an empirical study for developed countries

  • Duarte Guimarães

    ()

    (Faculdade de Economia, Universidade do Porto)

  • Ana Paula Ribeiro

    ()

    (CEF.UP. and Faculdade de Economia, Universidade do Porto)

  • Sandra Tavares Silva

    ()

    (CEF.UP. and Faculdade de Economia, Universidade do Porto)

This study aims at providing a positive contribution to the literature on the macroeconomic determinants of poverty which is particularly relevant since this type of analysis is rather scarce (e.g., Agénor, 2005). After a brief review on the macroeconomic mechanisms of poverty and deprivation, we propose a composite poverty index that captures seven deprivation dimensions which, relying on the literature and data availability, are important to a comparative assessment of deprivation across developed countries. The sample includes 24 countries of the European Union, from 2005 to 2010. Moreover, relying on the macroeconomic transmission mechanisms that influence poverty, a panel data econometric approach is implemented in order to study the relation between the proposed composite index and macroeconomic variables. The analysis is also extended for the AROPE, the European headline indicator for poverty targeting. Results show that a multidimensional poverty concept is relevant for assessing deprivation in developed countries and that, in line with the relevant literature, the dynamics of some macroeconomic variables is crucial to deprivation performances. The latter result is robust as it holds for different measures of poverty.

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File URL: http://www.fep.up.pt/investigacao/workingpapers/wp460.pdf
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Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 460.

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Length: 32 pages
Date of creation: May 2012
Date of revision:
Handle: RePEc:por:fepwps:460
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  1. Kraay, Aart & Raddatz, Claudio, 2007. "Poverty traps, aid, and growth," Journal of Development Economics, Elsevier, vol. 82(2), pages 315-347, March.
  2. P R Agénor, 2004. "The Macroeconomics of Poverty Reduction," Centre for Growth and Business Cycle Research Discussion Paper Series 43, Economics, The Univeristy of Manchester.
  3. Anne Epaulard, 2003. "Macroeconomic Performance and Poverty Reduction," IMF Working Papers 03/72, International Monetary Fund.
  4. A. Atkinson, 2003. "Multidimensional Deprivation: Contrasting Social Welfare and Counting Approaches," Journal of Economic Inequality, Springer, vol. 1(1), pages 51-65, April.
  5. Pierre Richard AGÉNOR & Nihal BAYRAKTAR & Karim EL AYNAOUI, . "Roads out of Poverty? Assessing the Link between Aid, Public Investment, Growth and Poverty Reduction," EcoMod2004 330600003, EcoMod.
  6. Federica Misturelli & Claire Heffernan, 2008. "What is poverty? A diachronic exploration of the discourse on poverty from the 1970s to the 2000s," The European Journal of Development Research, Taylor and Francis Journals, vol. 20(4), pages 666-684.
  7. Ibrahim F. Akoum, 2008. "Globalization, growth, and poverty: the missing link," International Journal of Social Economics, Emerald Group Publishing, vol. 35(4), pages 226-238, March.
  8. Toke Aidt & Jayasri Dutta & Vania Sena, 2006. "Governance Regimes, Corruption and Growth: Theory and Evidence," Discussion Papers 15_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
  9. Marquette, Catherine M., 1997. "Current poverty, structural adjustment, and drought in Zimbabwe," World Development, Elsevier, vol. 25(7), pages 1141-1149, July.
  10. Carlos Farinha Rodrigues & Isabel Andrade, 2010. "Monetary Poverty, Material Deprivation and Consistent Poverty in Portugal," Working Papers Department of Economics 2010/25, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
  11. Nyiwul Mabughi & Tarek Selim, 2006. "Poverty as social deprivation: a survey," Review of Social Economy, Taylor & Francis Journals, vol. 64(2), pages 181-204.
  12. Edinaldo Tebaldi & Ramesh Mohan, 2010. "Institutions and Poverty," Journal of Development Studies, Taylor & Francis Journals, vol. 46(6), pages 1047-1066.
  13. Petrakis, P. E. & Stamatakis, D., 2002. "Growth and educational levels: a comparative analysis," Economics of Education Review, Elsevier, vol. 21(5), pages 513-521, October.
  14. Erich Gundlach & Martin Paldam, 2008. "The Transition of Corruption: From Poverty to Honesty," Kiel Working Papers 1411, Kiel Institute for the World Economy.
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