Argentina : Sources of Growth, Seeking Sustained Economic Growth with Social Equity

This report attempts to analyze selected topics, chosen in collaboration with the Argentine authorities, regarding the inter-linkages between economic growth, income distribution and poverty, as well as the respective roles of these factors in explaining the historical underperformance of the Argent...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ABSOLUTE POVERTY ABSOLUTE SENSE AGGREGATE GROWTH ANNUAL GROWTH AVERAGE GROWTH AVERAGE INCOME AVERAGE RATE BUSINESS CYCLE BUSINESS CYCLES CAPITAL ACCUMULATION CAPITAL MARKETS COMPETITIVENESS CONSUMER PRICE INDEX COUNTRY CASE COUNTRY REGRESSIONS CROSS-COUNTRY REGRESSION DEBT DECOMPOSITION ANALYSIS DEVALUATION DEVELOPING COUNTRIES DISTRIBUTION EFFECT ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC LITERATURE ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RECOVERY ECONOMIC REFORM ECONOMICS EDUCATION SYSTEMS EDUCATIONAL ATTAINMENT EMPIRICAL ANALYSIS EMPIRICAL LITERATURE EMPIRICAL RESEARCH EMPIRICAL STUDIES EMPIRICAL WORK EXPENDITURE POLICIES EXPLAINING CHANGES EXPORTS EXTREME POVERTY FINANCIAL POLICIES FINANCIAL SECTOR FISCAL CONSTRAINTS FISCAL POLICIES FUTURE RESEARCH GDP GDP PER CAPITA GINI COEFFICIENT GINI INDEX GLOBAL ECONOMY GROSS VALUE GROWTH EFFECT GROWTH EPISODE GROWTH PATTERN GROWTH PAY-OFF GROWTH PERFORMANCE GROWTH PERIOD GROWTH PROCESS GROWTH RATE GROWTH RATES HIGH COST HIGH GROWTH HIGH INCOME HIGH INCOME INEQUALITY HIGH VOLATILITY HISTORICAL DATA HUMAN CAPITAL IMPOVERISHMENT IMPROVING INFRASTRUCTURE INCIDENCE ANALYSIS INCOME DISTRIBUTION INCOME INEQUALITY INCOMES INCREASED INEQUALITY INEQUALITY INDICATORS INEQUALITY MEASURES INFRASTRUCTURE INVESTMENT INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR FORCE LABOR MARKETS LATIN AMERICAN LIVING CONDITIONS LIVING STANDARDS LONG-RUN GROWTH MACROECONOMIC BALANCE MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MEDIUM TERM NATURAL RESOURCES NEGATIVE IMPACT OUTPUT GROWTH OUTPUT VOLATILITY OVERVALUATION PER CAPITA INCOME PERSONAL INCOME PERSONAL INCOME TAXES POLICY DEBATE POLICY IMPLICATIONS POLICY OPTIONS POOR HOUSEHOLDS POOR INDIVIDUALS POSITIVE CORRELATION POSITIVE EFFECTS POSITIVE IMPACT POVERTY CHANGES POVERTY HEADCOUNT POVERTY INCREASES POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY MEASURES POVERTY RATE POVERTY RATES POVERTY REDUCTION PRIVATE SECTOR PRO-POOR PRO-POOR GROWTH PRODUCTIVITY GROWTH PROGRESSIVE TAX SYSTEM PROPERTY RIGHTS PROPERTY TAXES PUBLIC EXPENDITURES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SECTOR REAL GDP REAL WAGES REDUCING INEQUALITY REDUCING POVERTY REGRESSION ANALYSES RELATIVE PRICES RELATIVE WAGES RISING INEQUALITY SAFETY NETS SECTORAL COMPOSITION SIGNIFICANT REDUCTION SIGNIFICANT RELATIONSHIP SKILL PREMIUM SKILLED LABOR SKILLED WORKERS SOCIAL SAFETY SOCIAL SAFETY NETS SOCIAL SPENDING TARGETED SOCIAL SAFETY NETS TOTAL FACTOR PRODUCTIVITY TRADE LIBERALIZATION TRADE OPENNESS TRADE POLICIES TRADE POLICY UNEMPLOYMENT VALUE ADDED WAR WEALTH WTO
Online Access:	http://documents.worldbank.org/curated/en/2005/10/6411902/argentina-sources-growth-seeking-sustained-economic-growth-social-equity http://hdl.handle.net/10986/8329

Description
Summary:	This report attempts to analyze selected topics, chosen in collaboration with the Argentine authorities, regarding the inter-linkages between economic growth, income distribution and poverty, as well as the respective roles of these factors in explaining the historical underperformance of the Argentine economy. The report aims to identify relevant issues for policy formulation and further economic work. Its emphasis is on longer-term structural factors which are thought to determine productivity and income distribution. The report is organized as follows. Chapter 2 briefly reviews the time-dynamics o f economic growth, poverty and inequality in Argentina. Sections of the chapter study the evolution of poverty and inequality. It is noted that inequality has increased dramatically, though not monotonically, since 1990 and, notably, increases in inequality were observed in periods of both growth and recession. Chapter 3 reviews the latest episode o f economic volatility in Argentina, a period that started with the sharp decline o f economic activity in 2002 and continued with a recovery since 2003. Special attention is paid to the impact of this recent volatility on economic growth, poverty and inequality. The sections study the social impact of the recent crisis and recovery; employing different methodologies to test whether the recent recovery was pro-poor. It also analyzes the recession and recovery at the sector level, while identifying the economic sectors that contributed most to poverty reduction during the latest upturn o f the economy. Chapter 4 then turns to a selected set of government policies that could help to deliver high economic growth. The section highlights the idea that macroeconomic stability is crucial to reducing poverty rates since the empirical evidence indicates that economic crises disproportionately affect the poor. Another major lesson from this section is that tax policy is not a good tool for redistribution in developing countries. Further it analyzes the potential impact of various trade initiatives on employment opportunities for relatively unskilled workers in Argentina; and presents the results o f a recent study on the returns to education for workers across income groups. Finally, it reviews some key issues involved in ensuring a favorable environment for private sector development.

Argentina : Sources of Growth, Seeking Sustained Economic Growth with Social Equity

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