2023-09-28 14:46:10 +00:00
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abstract: 'This paper studies the links between macroeconomic adjustment and
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poverty. The first part summarizes some of the recent evidence on
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poverty in the developing world. The second reviews the various channels
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through which macroeconomic policies affect the poor, whereas the third
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is devoted to the specific role of the labor market. It presents an
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analytical framework that captures some of the main features of the
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urban labor market in developing countries and studies the effects of
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fiscal adjustment on wages, employment, and poverty. The fourth part
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presents cross-country regressions linking various macroeconomic and
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structural variables to poverty. Higher levels and growth rates of per
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capita income, higher rates of real exchange rate depreciation, better
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health conditions, and a greater degree of commercial openness lower
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poverty, whereas inflation, greater income inequality, and macroeconomic
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volatility tend to increase it. Moreover, the impact of growth on
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poverty appears to be asymmetric; it seems to result from a significant
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relationship between episodes of increasing poverty and negative growth
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rates.'
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affiliation: 'Agenor, PR (Corresponding Author), World Bank, 1818 H St NW, Washington,
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DC 20433 USA.
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World Bank, Washington, DC 20433 USA.'
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author: Agenor, PR
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author_list:
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- family: Agenor
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given: PR
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da: '2023-09-28'
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doi: 10.1111/j.0950-0804.2004.00225.x
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eissn: 1467-6419
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files: []
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issn: 0950-0804
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journal: JOURNAL OF ECONOMIC SURVEYS
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keywords: macroeconomic policy; poverty; labor markets
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keywords-plus: 'LABOR-MARKET; INCOME-DISTRIBUTION; ECONOMIC-GROWTH; POVERTY; INEQUALITY;
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INFLATION; VOLATILITY; INVESTMENT; AFRICA; UNEMPLOYMENT'
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language: English
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month: JUL
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number: '3'
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number-of-cited-references: '102'
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pages: 351-408
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papis_id: 26ed54419b00a4e36667fed925bc7d97
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ref: Agenor2004macroeconomicadjustm
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tags:
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- relevant
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- review
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times-cited: '33'
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title: 'Macroeconomic adjustment and the poor: Analytical issues and cross-country
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evidence'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000222207400006
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usage-count-last-180-days: '0'
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usage-count-since-2013: '13'
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volume: '18'
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web-of-science-categories: Economics
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year: '2004'
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