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A Multidimensional Approach to the Inclusiveness of economic Growth in the New Member States

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  • Raileanu Szeles, Monica

    (Transilvania University of Brasov and the Institute for Economic Forecasting, Romania.)

Abstract

This paper aims to analyze the responsiveness of different dimensions of multidimensional poverty to economic growth in the New Member States, from 2000 to 2011. The inclusiveness of economic growth is analyzed by a set of growth elasticity to different poverty measures. The common determinants of inequality, income poverty, material poverty and subjective poverty are comparatively examined using GMM panel regression models; the relationship between the poverty measures, inequality and economic growth is studied by random effects panel regressions. The results reveal a high heterogeneity within the NMS area. The subjective poverty has not an objective basis, and targeting different aspects of multidimensional poverty could generate undesirable effects for the other dimensions of poverty.

Suggested Citation

  • Raileanu Szeles, Monica, 2014. "A Multidimensional Approach to the Inclusiveness of economic Growth in the New Member States," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 5-24, June.
    • Handle: RePEc:rjr:romjef:v::y:2014:i:2:p:5-24
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    Cited by:

    1. Soleh, Ahmad, 2022. "Inclusive Growth: A Poverty Approach," Technium Business and Management, Technium Science, vol. 2(2), pages 1-15.

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    More about this item

    Keywords

    inclusive economic growth; multidimensional poverty; New Member States;
    All these keywords.

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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