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The Effect of IMF and World Bank Programmes on Poverty

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  • William Easterly

Abstract

Structural adjustment, as measured by the number of adjustment loans from the IMF and World Bank, reduces the growth elasticity of poverty reduction. Growth does reduce poverty, but the author find no evidence for a direct effect of structural adjustment on growth. Instead, the poor benefit less from output expansion in countries with many adjustment loans than in countries with few adjustment loans. By the same token, the poor suffer less from an output contraction in countries with many adjustment loans than in countries with few adjustment loans. [Discussion Paper No. 2001/102]

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  • William Easterly, 2010. "The Effect of IMF and World Bank Programmes on Poverty," Working Papers id:3193, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:3193
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    References listed on IDEAS

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    1. Ravallion, Martin & Chen, Shaohua, 1997. "What Can New Survey Data Tell Us about Recent Changes in Distribution and Poverty?," The World Bank Economic Review, World Bank, vol. 11(2), pages 357-382, May.
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    5. Rauch, James E., 1997. "Balanced and unbalanced growth," Journal of Development Economics, Elsevier, vol. 53(1), pages 41-66, June.
    6. Easterly, William & Fischer, Stanley, 2001. "Inflation and the Poor," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 160-178, May.
    7. Lipton, Michael & Ravallion, Martin, 1995. "Poverty and policy," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 41, pages 2551-2657, Elsevier.
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    Cited by:

    1. Raghbendra Jha, 2004. "Macroeconomic stabilization and pro-poor budgetary policy in the globalized economy," CAMA Working Papers 2004-08, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    2. Muhammet Enes Kayagil, 2020. "Changes in Poverty-fighting Tools: From “Traditional” to “New Tendencies”," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, vol. 0(79), pages 24-53, December.
    3. Sedjo, Roger, 2005. "Macroeconomics and Forest Sustainability in the Developing World," RFF Working Paper Series dp-05-47, Resources for the Future.
    4. Sedjo, Roger A., 2005. "Macroeconomics and Forest Sustainability in the Developing World," Discussion Papers 10458, Resources for the Future.
    5. Parikh, Priti & Fu, Kun & Parikh, Himanshu & McRobie, Allan & George, Gerard, 2015. "Infrastructure Provision, Gender, and Poverty in Indian Slums," World Development, Elsevier, vol. 66(C), pages 468-486.
    6. Mwangi S. Kimenyi, 2006. "Economic Reforms and Pro-Poor Growth: Lessons for Africa and other Developing Regions and Economies in Transition," Working papers 2006-02, University of Connecticut, Department of Economics.
    7. Malte Lübker & Graham Smith & John Weeks, 2002. "Growth and the poor: a comment on Dollar and Kraay," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(5), pages 555-571.

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    Keywords

    poverty; structural adjustment; economic growth; income distribution;
    All these keywords.

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