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Growth, inequality, and poverty : looking beyond averages

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  • Ravallion, Martin

Abstract

The evidence is compelling that the poor in developing countries do typically share in the gains from rising aggregate affluence and in the losses from aggregate contraction. But how much do poor people share in growth? Do they gain more in some settings than others? Do some gain while others lose? Does pro-poor growth mean more or less aggregate growth? Recent theories and evidence suggest some answers, but deeper microeconomic empirical work is needed on growth and distributed change. Only then will we have a firm basis for identifying the specific policies and programs needed to complement and possibly modify growth-oriented policies.

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  • Ravallion, Martin, 2001. "Growth, inequality, and poverty : looking beyond averages," Policy Research Working Paper Series 2558, The World Bank.
  • Handle: RePEc:wbk:wbrwps:2558
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    More about this item

    Keywords

    Achieving Shared Growth; Governance Indicators; Inequality; Economic Conditions and Volatility; Rural Poverty Reduction;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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