The Quest for Pro-Poor and Inclusive Growth : The Role of Governance

This paper analyses the role of good governance in fostering pro-poor and inclusive growth. Using a sample of 112 countries over 1975–2012, it shows that growth is generally pro-poor. However, growth has not been inclusive, as illustrated by a decl...

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Main Author: Doumbia, Djeneba
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
Online Access:http://documents.worldbank.org/curated/en/952281538408403487/The-Quest-for-Pro-Poor-and-Inclusive-Growth-The-Role-of-Governance
http://hdl.handle.net/10986/30596
id okr-10986-30596
recordtype oai_dc
spelling okr-10986-305962021-05-25T09:19:17Z The Quest for Pro-Poor and Inclusive Growth : The Role of Governance Doumbia, Djeneba INCLUSIVE GROWTH GOVERNANCE CORRUPTION PRO-POOR GROWTH EDUCATION INFRASTRUCTURE FINANCIAL INCLUSION INEQUALITY HUMAN CAPITAL ACCUMULATION INCOME DISTRIBUTION This paper analyses the role of good governance in fostering pro-poor and inclusive growth. Using a sample of 112 countries over 1975–2012, it shows that growth is generally pro-poor. However, growth has not been inclusive, as illustrated by a decline in the bottom 20 percent of the income distribution. While all features of good governance support income growth and reduce poverty, only government effectiveness and the rule of law are found to enhance inclusive growth. The investigation of the determinants of pro-poor and inclusive growth highlights that education, infrastructure improvement, and financial development are the key factors in poverty reduction and inclusive growth. Relying on the panel smooth transition regression (PSTR) model following Gonzalez, Tersvirta and Dijk (2005), the paper identifies a nonlinear relationship between governance and pro-poor growth, while the impact of governance on inclusive growth appears to be linear. 2018-10-23T20:47:51Z 2018-10-23T20:47:51Z 2018-10 Working Paper http://documents.worldbank.org/curated/en/952281538408403487/The-Quest-for-Pro-Poor-and-Inclusive-Growth-The-Role-of-Governance http://hdl.handle.net/10986/30596 English MTI Global Practice Discussion Paper;No. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic INCLUSIVE GROWTH
GOVERNANCE
CORRUPTION
PRO-POOR GROWTH
EDUCATION
INFRASTRUCTURE
FINANCIAL INCLUSION
INEQUALITY
HUMAN CAPITAL ACCUMULATION
INCOME DISTRIBUTION
spellingShingle INCLUSIVE GROWTH
GOVERNANCE
CORRUPTION
PRO-POOR GROWTH
EDUCATION
INFRASTRUCTURE
FINANCIAL INCLUSION
INEQUALITY
HUMAN CAPITAL ACCUMULATION
INCOME DISTRIBUTION
Doumbia, Djeneba
The Quest for Pro-Poor and Inclusive Growth : The Role of Governance
relation MTI Global Practice Discussion Paper;No. 5
description This paper analyses the role of good governance in fostering pro-poor and inclusive growth. Using a sample of 112 countries over 1975–2012, it shows that growth is generally pro-poor. However, growth has not been inclusive, as illustrated by a decline in the bottom 20 percent of the income distribution. While all features of good governance support income growth and reduce poverty, only government effectiveness and the rule of law are found to enhance inclusive growth. The investigation of the determinants of pro-poor and inclusive growth highlights that education, infrastructure improvement, and financial development are the key factors in poverty reduction and inclusive growth. Relying on the panel smooth transition regression (PSTR) model following Gonzalez, Tersvirta and Dijk (2005), the paper identifies a nonlinear relationship between governance and pro-poor growth, while the impact of governance on inclusive growth appears to be linear.
format Working Paper
author Doumbia, Djeneba
author_facet Doumbia, Djeneba
author_sort Doumbia, Djeneba
title The Quest for Pro-Poor and Inclusive Growth : The Role of Governance
title_short The Quest for Pro-Poor and Inclusive Growth : The Role of Governance
title_full The Quest for Pro-Poor and Inclusive Growth : The Role of Governance
title_fullStr The Quest for Pro-Poor and Inclusive Growth : The Role of Governance
title_full_unstemmed The Quest for Pro-Poor and Inclusive Growth : The Role of Governance
title_sort quest for pro-poor and inclusive growth : the role of governance
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/952281538408403487/The-Quest-for-Pro-Poor-and-Inclusive-Growth-The-Role-of-Governance
http://hdl.handle.net/10986/30596
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