Overview
This study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population.GDP growth of ten percent per year is associated with income growth of ten percent for the poorest 40% of the population. For the poorest 20% the elasticity of response is 0.921; GDP growth of 10% is associated with income growth of9.21%. These results give strong support to the proposition that growth in per capita GDP can be and usually is a powerful force in reducing poverty.
- | Author: Ali Nazmi Cora
- | Publisher: CreateSpace Independent Publishing Platform
- | Publication Date: Feb 12, 2018
- | Number of Pages: 150 pages
- | Language: English
- | Binding: Paperback
- | ISBN-10: 1985382563
- | ISBN-13: 9781985382565
