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This survey reviews models of self-reinforcing mechanisms that cause poverty to persist. Some of them examine market … institutional failure which can, by itself, perpetuate self-reinforcing poverty. A common thread in all these mechanisms is their … reviews recent progress in the empirical poverty trap literature. …
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This paper studies the pro-poor bias of contemporary trade policy in India by estimating the household welfare effects of eliminating the current protection structure. The elimination of a pro-poor trade policy is expected to have lower welfare gains or higher welfare loss at the low end of the...
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