Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence

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...

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Bibliographic Details
Main Author: Agénor, Pierre-Richard
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
EMPLOYMENT
EXCHANGE RATES
GROWTH RATES
ILLITERACY
INCOME INEQUALITY
LABOR MARKET
MACROECONOMIC VOLATILITY
OUTPUT GROWTH
POVERTY
WAGES
Online Access:http://documents.worldbank.org/curated/en/2002/02/1723034/macroeconomic-adjustment-poor-analytical-issues-cross-country-evidence
http://hdl.handle.net/10986/14856
id okr-10986-14856
recordtype oai_dc
spelling okr-10986-148562021-04-23T14:03:19Z Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence Agénor, Pierre-Richard EMPLOYMENT EXCHANGE RATES GROWTH RATES ILLITERACY INCOME INEQUALITY LABOR MARKET MACROECONOMIC VOLATILITY OUTPUT GROWTH POVERTY WAGES 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. 2013-08-07T13:22:48Z 2013-08-07T13:22:48Z 2002-02 http://documents.worldbank.org/curated/en/2002/02/1723034/macroeconomic-adjustment-poor-analytical-issues-cross-country-evidence http://hdl.handle.net/10986/14856 English en_US Policy Research Working Paper;No.2788 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic EMPLOYMENT
EXCHANGE RATES
GROWTH RATES
ILLITERACY
INCOME INEQUALITY
LABOR MARKET
MACROECONOMIC VOLATILITY
OUTPUT GROWTH
POVERTY
WAGES
spellingShingle EMPLOYMENT
EXCHANGE RATES
GROWTH RATES
ILLITERACY
INCOME INEQUALITY
LABOR MARKET
MACROECONOMIC VOLATILITY
OUTPUT GROWTH
POVERTY
WAGES
Agénor, Pierre-Richard
Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence
relation Policy Research Working Paper;No.2788
description 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.
format Publications & Research :: Policy Research Working Paper
author Agénor, Pierre-Richard
author_facet Agénor, Pierre-Richard
author_sort Agénor, Pierre-Richard
title Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence
title_short Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence
title_full Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence
title_fullStr Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence
title_full_unstemmed Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence
title_sort macroeconomic adjustment and the poor : analytical issues and cross-country evidence
publisher World Bank, Washington, D.C.
publishDate 2013
url http://documents.worldbank.org/curated/en/2002/02/1723034/macroeconomic-adjustment-poor-analytical-issues-cross-country-evidence
http://hdl.handle.net/10986/14856
_version_ 1764429678854012928

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