Poverty Traps, Aid, and Growth

The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the empiric...

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Bibliographic Details
Main Authors:	Kraay, Aart, Raddatz, Claudio
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ABSOLUTE TERMS ADVERSE SHOCKS AGGREGATE LEVEL AGRICULTURAL SECTOR AGRICULTURE AVAILABLE DATA AVERAGE CONSUMPTION AVERAGE GROWTH AVERAGE GROWTH RATE BENCHMARK CAPITAL ACCUMULATION CAPITAL MARKETS CAPITAL STOCK CONSTANT RATE CONSTANT RETURNS CONSUMPTION CONSUMPTION GROWTH CONSUMPTION LEVELS COUNTRY SPECIFIC DATA REQUIREMENTS DEBT DEBT RELIEF DEVELOPED COUNTRIES DEVELOPMENT GOALS DEVELOPMENT PROCESS DIMINISHING RETURNS DISCOUNT RATE DOMESTIC SAVING ECONOMISTS ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL STUDIES EQUILIBRIUM EXPENDITURES EXTERNALITIES FIXED COSTS FUNCTIONAL FORMS GDP GEOGRAPHIC CHARACTERISTICS GEOGRAPHIC POVERTY TRAPS GROWTH GROWTH ACCELERATIONS GROWTH LITERATURE GROWTH MODEL GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH CARE HOUSEHOLD INCOME HOUSEHOLD LEVEL HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCOME LEVELS INCREASING RETURNS LABOR MARKET LEVEL OF CAPITAL LEVEL OF TECHNOLOGY LEVELS OF CAPITAL LOCAL CURRENCY LOCAL LEVEL LONG RUN LONG-RUN INCOME MACRO DATA MACROECONOMIC MODELS MARKET IMPERFECTIONS MIDDLE INCOME COUNTRIES OUTPUT PER CAPITA OUTPUT RATIO PER CAPITA INCOME PERSISTENT POVERTY POLICY INTERVENTION POLICY INTERVENTIONS POLICY RESEARCH POOR COUNTRIES POOR HOUSEHOLDS POOR PEOPLE POPULATION GROWTH POVERTY TRAP POVERTY TRAPS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION TECHNOLOGY PRODUCTIVE SECTORS PRODUCTIVITY PUBLIC HEALTH CARE RICH COUNTRIES SAVING FUNCTION SAVING RATE SAVINGS TECHNICAL PROGRESS TECHNOLOGY ADOPTION TFP TRANSITION ECONOMIES UTILITY FUNCTION WEALTH WORLD INCOME DISTRIBUTION
Online Access:	http://documents.worldbank.org/curated/en/2005/06/5864238/poverty-traps-aid-growth http://hdl.handle.net/10986/8220

Internet

http://documents.worldbank.org/curated/en/2005/06/5864238/poverty-traps-aid-growth
http://hdl.handle.net/10986/8220

Poverty Traps, Aid, and Growth

Internet

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