Economic Growth And Poverty Reduction

by Michael Dylan Cora, Alan Castle, Ali Nazmi Cora

This study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population.GDP growth of ten percent per year is associated with income growth of ten percent for the poorest 40% of the population. For the poorest 20% the elasticity of response is 0.921; GDP growth of 10% is associated with income growth of9.21%. These results give strong support to the proposition...

• Format: Paperback
• Language: English
• ISBN: 1985382563
• ISBN13: 9781985382565
• Release Date: February 2018
• Publisher: Createspace Independent Publishing Platform
• Length: 152 Pages
• Weight: 0.64 lbs.
• Dimensions: 0.4" x 6.0" x 9.0"