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The growth-employment-poverty nexus in Latin America in the 2000s: Panama country study

Author

Listed:
  • Cruces Guillermo
  • Fields Gary S.
  • Jaume David
  • Viollaz Mariana

Abstract

Between 2000 and 2012, Panama boasted the strongest economic growth in Latin America. The growth experience was not uniform: the 2000.02 period was marked by slow or negative growth rates, after which growth was exceptionally rapid. Although the international economic crisis of 2008 slowed the growth process down, it rebounded in the years following the crisis. Labour market indicators have clearly improved. The economic crisis led to a temporary increase in unemployment, a drop in the share of paid employees, and a rise in some poverty indicators; all these effects were reversed by the end of the period studied.

Suggested Citation

  • Cruces Guillermo & Fields Gary S. & Jaume David & Viollaz Mariana, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Panama country study," WIDER Working Paper Series 080, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp2015-080
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    References listed on IDEAS

    as
    1. Azevedo, Joao Pedro & Inchauste, Gabriela & Sanfelice, Viviane, 2013. "Decomposing the recent inequality decline in Latin America," Policy Research Working Paper Series 6715, The World Bank.
    2. Gary Fields, 2012. "Challenges and policy lessons for the growth-employment-poverty nexus in developing countries," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-24, December.
    3. Azevedo, Joao Pedro & Davalos, Maria Eugenia & Diaz-Bonilla, Carolina & Atuesta, Bernardo & Castaneda, Raul Andres, 2013. "Fifteen years of inequality in Latin America : how have labor markets helped ?," Policy Research Working Paper Series 6384, The World Bank.
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    Cited by:

    1. Guillermo Cruces & Gary Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Cross-country analysis," WIDER Working Paper Series 110, World Institute for Development Economic Research (UNU-WIDER).

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    Keywords

    Economic growth; Income distribution; Labor market; Poverty; Public welfare;

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