Macroeconomic Adjustment and the Poor : Analytical Issues and Cross-Country Evidence

By P. Agénor. 2002

154 citations recorded by the source corpus.

The author studies the links between macroeconomic adjustment and poverty. First, he summarizes some of the recent evidence on poverty in the developing world. Second, he reviews the various channels through which macroeconomic policies affect the poor. Third, the author emphasizes the role of the labor market. He develops an analytical framework that captures some of the main features of the urban labor market in developing countries and studies the effects of fiscal adjustment on wages, employment, and poverty. Fourth, he presents cross-country regressions linking various macroeconomic and structural variables to poverty. The author finds that output growth and real exchange rate depreciations tend to lower poverty, while illiteracy, income inequality, and macroeconomic volatility tend to increase poverty. In addition, the impact of growth on poverty appears to be asymmetric, and to result from a significant relationship between episodes of increasing poverty and negative growth rates.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/bbc0a31f92383c21b1f58a1d0cb62b18081c88d7

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Citations in the corpus

CENTRAL BANK POLICIES AND INCOME AND WEALTH INEQUALITY: A SURVEY (2019, unknown): “…et al. , 2013; Dabla-Norris et al. , 2015), capital account liberalization (Furceri and Loungani, 2017), the growth and liberalization of the ﬁnancial sector (de Haan and Sturm, 2017), labor market institutions (Jaumotte and Osorio Buitron, 2015) and macro-economic adjustments (Ag´enor, 2004).”
Global Estimates of Pro-Poor Growth (2008, background): “W hile som e argue that inflation is harm ful for grow th (Barro, 2001; Fisher, 1995; Dollar and Kraay, 2000), others have found that inflation does not really m atter (Agenor, 2002; Epaulard, 2003; Pasha and Palanivel, 2004).”
Inequality, Economic Growth and Poverty in the Middle East and North Africa (MENA) (2014, background): “…as well as the frameworks posited by Dollar and Kraay (2002), Ghura, Leite and Tsangarides (2002), Berg and Krueger (2003) and empirical works of Agénor (2004, 2005), Islam (2004), and Anyanwu and Erhijakpor (2009; 2010) the relationship that we want to estimate can be written as: ) 1 .......(…”
Labor markets and productivity in developing countries (2008, methodology): “wa = g(ka) g(ka)ka = wa + Lm; + Ka (2)”
Does globalization hurt the poor? (2002, methodology): “…in the relative price of tradables benefit to a significant extent farmers producing exportables in the agricultural sector), whereas an increase in its volatility tends to increase significantly the proportion of the poor, as I found in an earlier study using a broader sample (see Agénor (2002a)).”