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The Making of Pro‐Poor Growth

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  • Fabrizio Carmignani

Abstract

A system of three endogenous equations is used to estimate the determinants of poverty eduction. The system incorporates: (i) the direct effect of growth and income inequality on poverty, (ii) the feedback effect of poverty on inequality and growth, and (iii) different channels through which economic policies can affect poverty reduction. Results indicate the existence of a virtuous and a vicious equilibrium. The policy mix is then critical in deciding to which of the two equilibria a country converges.
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  • Fabrizio Carmignani, 2011. "The Making of Pro‐Poor Growth," Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(5), pages 656-684, November.
    • Handle: RePEc:bla:scotjp:v:58:y:2011:i:5:p:656-684
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    3. Becken, Susanne & Carmignani, Fabrizio, 2020. "Are the current expectations for growing air travel demand realistic?," Annals of Tourism Research, Elsevier, vol. 80(C).

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