This paper examines the concept of inclusive growth, compares and contrasts it with related concepts such as pro-poor growth and equitable growth, and analyses the recent experience of South Asia through the lens of this concept. A common experience of the region is that spells of rapid growth...

Halving poverty became a global responsibility. As decreased poverty was typically related with an increased income, policies relevant to economic growth had been widely implemented throughout all regions. The purpose of this study was to simulate the effects of exogenously macroeconomic shocks...

In the extant literature either income or consumption expenditures as measured over short periods of time have been regarded as a proxy for the material well-being of households. However, economists have long recognized that a household's sense of well-being depends not just on its average...

This paper develops an Index of Economic Well-being (IEWB) for the United States, the United Kingdom, Canada, Australia, Germany, Norway and Sweden for the period 1980 to 2001 which recognizes four components: Current effective per capita consumption flows; Net societal accumulation of stocks of...

The main objective of the present paper is to present a cross-country analysis of pro-poor growth in 80 countries in 237 growth spells during the period 1984-2001. To achieve this objective, the paper proposes a new measure of pro-poor growth that captures gains and losses of growth rates due to...

The main objective of this study is to compute an international poverty threshold based on the food requirement to ensure an adequate calorie intake for the world?s poorest. The study proposes a new methodology based on consumer theory to provide a caloric based international poverty threshold....

In this chapter, Lars Osberg and Andrew Sharpe provide an overview of trends in a number of dimensions of economic well-being (consumption flows, stocks of wealth, income equality, and economic security) from the lens of the Index of Economic Well-being, a new composite measure of economic...

Economists have long recognized that a household's sense of well-being depends not just on its average income or expenditures, but also on the risks it faces. Hence vulnerability is a more satisfactory measure of welfare than poverty. In this paper we measure the extent of vulnerability as...

This paper investigates how two effects drive wedges between nominal and real inequality estimates. The effects are caused by (i) differences in the composition of consumption over the income distribution coupled with differential inflation of consumption items; and (ii) quantity discounting...