IDEAS home Printed from https://ideas.repec.org/a/oup/cesifo/v49y2003i1p5-25..html
   My bibliography  Save this article

Public Policy for Growth and Poverty Reduction

Author

Listed:
  • Nicholas Stern

Abstract

In this paper, I would like to outline an approach to public policy that focused on fighting poverty and is based on an understanding of growth and development. Such a public policy requires answering two key questions. First, what are key determinants of a development that benefits poor people – or what has been labelled "pro-poor growth"? And second, we need to answer the policy question: how can public action influence the key determinants we identify? In putting the questions this way, we are setting ourselves the task of building a dynamic public economics – a public economics of development. Given that development is the objective, this task will require a better understanding of how to measure it. And we must also achieve a better grasp of changes of behaviour in the process of development, since changing perspectives and behaviour are usually an integral part of the development story. In laying our task of advancing a dynamic public economics, however, let me emphasise that should be building – on – not overturning – past theory. In much of the work I will describe, the empirics seem to be ahead of theory. Thus one of my purposes is to highlight some elements of an agenda for theoretical research. (JEL E6)

Suggested Citation

  • Nicholas Stern, 2003. "Public Policy for Growth and Poverty Reduction," CESifo Economic Studies, CESifo Group, vol. 49(1), pages 5-25.
  • Handle: RePEc:oup:cesifo:v:49:y:2003:i:1:p:5-25.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cesifo/49.1.5
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert Holzmann & Lynne Sherburne-Benz & Emil Tesliuc, 2003. "Gestion du risque social : la banque mondiale et la protection sociale dans un monde en voie de mondialisation," Revue Tiers-Monde, Armand Colin, vol. 0(3), pages 501-526.
    2. Sara Lelli, 2004. "What Money Can't Buy: The Relevance of Income Redistribution for Functioning Levels," WIDER Working Paper Series RP2004-41, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cesifo:v:49:y:2003:i:1:p:5-25.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.