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Inclusive Growth: When May We Expect It? When May We Not?

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  • Kunal Sen

    (Professor of Development Economics at IDPM, and Associate Director at the Brooks World Poverty Institute (BWPI), University of Manchester, United Kingdom)

Abstract

Episodes of economic growth that lead to reductions in poverty and inequality are relatively rare in developing countries. In this paper, we examine the institutional foundations of such growth episodes. We argue that the institutional factors that lead to accelerations in economic growth will be different from those that lead to growth maintenance and avoidance of growth decline, and that the institutional preconditions for growth accelerations suggest that these growth episodes may not be inclusive. We present empirical evidence drawn from descriptive and cross-country econometric analyses that support these theoretical propositions. © 2014 Asian Development Bank and Asian Development Bank Institute.

Suggested Citation

  • Kunal Sen, 2014. "Inclusive Growth: When May We Expect It? When May We Not?," Asian Development Review, MIT Press, vol. 31(1), pages 136-162, March.
    • Handle: RePEc:tpr:adbadr:v:31:y:2014:i:1:p:136-162
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    References listed on IDEAS

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    5. Suleiman O. Mamman & Kazi Sohag & Attahir B. Abubakar, 2023. "Inclusive growth in Africa: Do fiscal measures matter?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(2), pages 2273604-227, October.
    6. Sergio Firpo & Renan Pieri & Rafaela Nogueira, 2020. "Inclusive growth without structural transformation?: The case of Brazil," WIDER Working Paper Series wp-2020-58, World Institute for Development Economic Research (UNU-WIDER).
    7. Christopher Hoy & Andy Sumner, 2021. "The End of Global Poverty: Is the UN Sustainable Development Goal 1 (Still) Achievable?," Global Policy, London School of Economics and Political Science, vol. 12(4), pages 419-429, September.

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    More about this item

    Keywords

    inclusive growth; institutions; growth accelerations; growth maintenance; poverty; inequality;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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