Macroeconomic adjustment and the poor : analytical issues and cross-country evidence
The author studies the links between macroeconomic adjustment and poverty. First, he summarizes some of the recent evidence on poverty in the developing world. Second, he reviews the various channels through which macroeconomic policies affect the poor. Third, the author emphasizes the role of the labor market. He develops an analytical framework that captures some of the main features of the urban labor market in developing countries and studies the effects of fiscal adjustment on wages, employment, and poverty. Fourth, he presents cross-country regressions linking various macroeconomic and structural variables to poverty. The author finds that output growth and real exchange rate depreciations tend to lower poverty, while illiteracy, income inequality, and macroeconomic volatility tend to increase poverty. In addition, the impact of growth on poverty appears to be asymmetric, and to result from a significant relationship between episodes of increasing poverty and negative growth rates.
|Date of creation:||28 Feb 2002|
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- Dorosh, Paul A. & Sahn, David E., 2000. "A General Equilibrium Analysis of the Effect of Macroeconomic Adjustment on Poverty in Africa," Journal of Policy Modeling, Elsevier, vol. 22(6), pages 753-776, November.
- Gaviria Alejandro, 2002.
"Household Responses to Adverse Income Shocks in Latin America,"
REVISTA DESARROLLO Y SOCIEDAD,
UNIVERSIDAD DE LOS ANDES-CEDE, March.
- Alejandro Gaviria, 2001. "Household Responses to Adverse Income Shocks in Latin America," Research Department Publications 4273, Inter-American Development Bank, Research Department.
- Alejandro Gaviria Uribe, 2001. "Household responses to adverse income shocks in Latin America," INFORMES DE INVESTIGACIÓN 002795, FEDESARROLLO.
- By Ales BulÌr, 2001. "Income Inequality: Does Inflation Matter?," IMF Staff Papers, Palgrave Macmillan, vol. 48(1), pages 1-5.
- Ales Bulir, 1998. "Income Inequality; Does Inflation Matter?," IMF Working Papers 98/7, International Monetary Fund.
- Agenor, Pierre-Richard & Aizenman, Joshua, 1999. "Macroeconomic adjustment with segmented labor markets," Journal of Development Economics, Elsevier, vol. 58(2), pages 277-296, April.
- Pierre-Richard Agenor & Joshua Aizenman, 1994. "Macroeconomic Adjustment with Segmented Labor Markets," NBER Working Papers 4769, National Bureau of Economic Research, Inc.
- Joshua Aizenman & Pierre-Richard Agénor, 1994. "Macroeconomic Adjustment with Segmented Labor Markets," IMF Working Papers 94/56, International Monetary Fund.
- Gylfason, Thorvaldur, 1998. "Output gains from economic stabilization," Journal of Development Economics, Elsevier, vol. 56(1), pages 81-96, June.
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- François Bourguignon & Jaime de Melo & Akiko Suwa, 2015. "Distributional Effects of Adjustment Policies: Simulations for Archetype Economies in Africa and Latin America," World Scientific Book Chapters,in: Modeling Developing Countries' Policies in General Equilibrium, chapter 11, pages 243-270 World Scientific Publishing Co. Pte. Ltd..
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- Dickens, William T & Lang, Kevin, 1985. "A Test of Dual Labor Market Theory," American Economic Review, American Economic Association, vol. 75(4), pages 792-805, September.
- William T. Dickens & Kevin Lang, 1984. "A Test of Dual Labor Market Theory," NBER Working Papers 1314, National Bureau of Economic Research, Inc.
- Suzanne Duryea & Miguel Székely, 1998. "Labor Markets in Latin America: A Supply-Side Story," Research Department Publications 4120, Inter-American Development Bank, Research Department.
- Suzanne Duryea & Miguel Székely, 1998. "Labor Markets in Latin America: A Supply-Side Story," IDB Publications (Working Papers) 1289, Inter-American Development Bank.
- Richard Breen & Cecilia García-Peñalosa, 2005. "Income Inequality and Macroeconomic Volatility: An Empirical Investigation," Review of Development Economics, Wiley Blackwell, vol. 9(3), pages 380-398, 08.
- Breen, R. & Garcia-Penalosa, C., 1999. "Income Inequality and Macroeconomic Volatility: an Empirical Investigation," G.R.E.Q.A.M. 99b11, Universite Aix-Marseille III.
- Breen, R. & Garcia-Penalosa, C., 1999. "Income Inequality and Macroeconomic Volatility: an Empirical Investigation," Economics Papers 1999-w20, Economics Group, Nuffield College, University of Oxford.
- Quentin Wodon & Rodrigo Castro & Kihoon Lee, 2001. "Poverty in Latin America: Trends (1986-1998) and Determinants," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 38(114), pages 127-153.
- Eduardo Lora & Mauricio Olivera, 1998. "Macro Policy and Employment Problems in Latin America," Research Department Publications 4116, Inter-American Development Bank, Research Department.
- Theo S Eicher & Cecilia Garcia Penalosa, "undated". "Inequality and Growth," Working Papers 0083, University of Washington, Department of Economics.
- Theo S Eicher & Cecilia Garcia Penalosa, "undated". "Inequality and Growth," Discussion Papers in Economics at the University of Washington 0083, Department of Economics at the University of Washington.
- Eduardo Lora & Gustavo Márquez, 1998. "The Employment Problem in Latin America: Perceptions and Stylized Facts," Research Department Publications 4114, Inter-American Development Bank, Research Department.
- Gustavo Anríquez & Kevin Cowan & José De Gregorio, 1998. "Poverty and Macroeconomic Policies: Chile 1987-1994," Documentos de Trabajo 27, Centro de Economía Aplicada, Universidad de Chile.
- Bleaney, Michael F., 1996. "Macroeconomic stability, investment and growth in developing countries," Journal of Development Economics, Elsevier, vol. 48(2), pages 461-477, March.
- Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March.
- Carmen Pagés-Serra & Gustavo Márquez, 1998. "Ties That Bind: Employment Protection and Labor Market Outcomes in Latin America," Research Department Publications 4118, Inter-American Development Bank, Research Department.
- Gustavo Márquez & Carmen Pagés, 1998. "Ties That Bind: Employment Protection and Labor Market Outcomes in Latin America," IDB Publications (Working Papers) 1091, Inter-American Development Bank.
- Canagarajah, Sudharshan & Mazumdar, Dipak, 1997. "Employment, labor markets, and poverty in Ghana," Policy Research Working Paper Series 1845, The World Bank.
- Philip R. Gerson, 1998. "Poverty, Income Distribution, and Economic Policy in the Philippines," IMF Working Papers 98/20, International Monetary Fund.
- Amadeo, Edward Joaquim & Neri, Marcelo Cortes, 2000. "Macroeconomic policy and poverty in Brazil," FGV/EPGE Economics Working Papers (Ensaios Economicos da EPGE) 373, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil). Full references (including those not matched with items on IDEAS)
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