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U.S. household consumption declined sharply in late 2008, marking a departure from the trend of a steady increase in U.S. consumption as a share of income since the 1980s. Combining econometric and simulation analysis, we estimate that this departure will be sustained beyond the crisis: the U.S....
Persistent link: https://www.econbiz.de/10011142214
poverty reduction. First, it examines the structure of economic growth and its proximate determinants in the two countries … economic growth and poverty reduction, particularly focusing on public policy mechanisms to reduce poverty and inequality …. Malaysia, unlike Pakistan, was able to sustain rapid economic growth with equally impressive reduction in poverty because the …
Persistent link: https://www.econbiz.de/10005248163
, inequality, and government spending on poverty reduction. A new panel dataset has been assembled on inequality and poverty that …
Persistent link: https://www.econbiz.de/10005263901
impacts of the growth process. Cognizant of the vulnerability of its large population below poverty, India's authorities have …
Persistent link: https://www.econbiz.de/10005768877
This paper uses the 1991 Indian trade liberalization to measure the impact of trade liberalization on poverty, and to … more exposed to liberalization were concentrated, experienced slower decline in poverty and lower consumption growth. The …
Persistent link: https://www.econbiz.de/10008671312
rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the … top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role …
Persistent link: https://www.econbiz.de/10011105398
This 2013 Article IV Consultation highlights that economic growth in Ghana continued at a robust pace of 8 percent in …
Persistent link: https://www.econbiz.de/10011244868
has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker …
Persistent link: https://www.econbiz.de/10011245339
We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study …. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three …
Persistent link: https://www.econbiz.de/10011242180
The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...
Persistent link: https://www.econbiz.de/10011242365