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This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of long-run relationship between financial...
Persistent link: https://www.econbiz.de/10013080854
The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting prevails for myopia that distorts agents' inflation expectations, price level targeting emerges as the optimal policy under myopia...
Persistent link: https://www.econbiz.de/10012864097
poorer households, implying a marked reduction in quot;realquot; inequality. This finding challenges the conventional wisdom …
Persistent link: https://www.econbiz.de/10012777955
This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households in 1993–2005. Our estimates, based on Engel curves for food consumption, indicate an average per capita income growth of 6.8 percent per year in 1993–2005. This figure is...
Persistent link: https://www.econbiz.de/10013060540
characteristics, and discusses policies that might help makegrowth more inclusive. The main findings are that poverty has fallen in … the last two decades,but poverty reduction has slowed in recent years. Although available indicators sometimesgive … more attention to the regional distribution of spending would also helpreduce poverty and improve inclusiveness …
Persistent link: https://www.econbiz.de/10013072604
fluctuations, raising the incidence of poverty. Drawing on micro-level data from South Africa and Tanzania, we examine the … that reducing consumption volatility would have on aggregate poverty. We then discuss coverage of consumption insurance …
Persistent link: https://www.econbiz.de/10012836527
Growth is pro-poor if the poverty measure of interest falls. This implies three potential sources of pro-poor growth …: (a) a high rate of growth of average incomes; (b) a high sensitivity of poverty to growth in average incomes; and (c) a … poverty-reducing pattern of growth in relative incomes. I empirically decompose changes in poverty in a large sample of …
Persistent link: https://www.econbiz.de/10012783215
While trade integration has been an engine of global growth and prosperity some sectors have been negatively affected by increased imports competition, as expected in theory. Higher labor mobility could lower these adjustment costs. This paper measures the cost of trade integration in a context...
Persistent link: https://www.econbiz.de/10012957843
The paper presents estimates of poverty [extreme poverty PPP$1.9 and PPP$3.2] and consumption inequality in India for …-kind food subsides on poverty and inequality. Extreme poverty was as low as 0.8 percent in the pre-pandemic year 2019, and food … transfers were instrumental in ensuring that it remained at that low level in pandemic year 2020. Post-food subsidy inequality …
Persistent link: https://www.econbiz.de/10013291176
with an increase in poverty and, in some cases, income inequality. The provison of targeted safety nets and the protection …. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity … incidence of poverty and income distribution, and discusses policy options that can be considered by governments in the …
Persistent link: https://www.econbiz.de/10013317979