adversely affects the performance of social indicators in general, poorer countries lose less, in absolute and relative terms … (and economic) indicators because of more public goods, and adaptation of economic and social mechanisms to the greater … social indicators should be relatively stronger in poorer countries. The data bear out this prediction. Our results should …

of incomes of future generations. The purpose of this paper is two-fold. From a policy point of view, we analyse poverty … was expensive but that it provided effective - albeit not efficient - poverty relief. From a methodological point of view …, we demonstrate the usefulness of bootstrapping techniques for statistical inference for poverty and inequality measures …