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Immiserizing Growth: An Empirical Evaluation

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  • Yasuyuki Sawada

    (Faculty of Economics, University of Tokyo)

Abstract

This paper examines the empirical validity of immiserizing growth in a consistent manner. A straightforward test for immiserizing growth is constructed by using the revealed preference framework of welfare evaluation, together with macroeconomic growth data. We identify 34 episodes of immiserizing growth in the post-war world economy, mostly in Africa and Latin America. This suggests the existence of large distortions that outweigh the gains from growth.

Suggested Citation

  • Yasuyuki Sawada, 2003. "Immiserizing Growth: An Empirical Evaluation," CIRJE F-Series CIRJE-F-235, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:fseres:2003cf235
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    References listed on IDEAS

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    Cited by:

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