abstract: 'This paper studies the links between macroeconomic adjustment and

  poverty. The first part summarizes some of the recent evidence on

  poverty in the developing world. The second reviews the various channels

  through which macroeconomic policies affect the poor, whereas the third

  is devoted to the specific role of the labor market. It presents an

  analytical framework that captures some of the main features of the

  urban labor market in developing countries and studies the effects of

  fiscal adjustment on wages, employment, and poverty. The fourth part

  presents cross-country regressions linking various macroeconomic and

  structural variables to poverty. Higher levels and growth rates of per

  capita income, higher rates of real exchange rate depreciation, better

  health conditions, and a greater degree of commercial openness lower

  poverty, whereas inflation, greater income inequality, and macroeconomic

  volatility tend to increase it. Moreover, the impact of growth on

  poverty appears to be asymmetric; it seems to result from a significant

  relationship between episodes of increasing poverty and negative growth

  rates.'
affiliation: 'Agenor, PR (Corresponding Author), World Bank, 1818 H St NW, Washington,
  DC 20433 USA.

  World Bank, Washington, DC 20433 USA.'
author: Agenor, PR
author_list:
- family: Agenor
  given: PR
da: '2023-09-28'
doi: 10.1111/j.0950-0804.2004.00225.x
eissn: 1467-6419
files: []
issn: 0950-0804
journal: JOURNAL OF ECONOMIC SURVEYS
keywords: macroeconomic policy; poverty; labor markets
keywords-plus: 'LABOR-MARKET; INCOME-DISTRIBUTION; ECONOMIC-GROWTH; POVERTY; INEQUALITY;

  INFLATION; VOLATILITY; INVESTMENT; AFRICA; UNEMPLOYMENT'
language: English
month: JUL
number: '3'
number-of-cited-references: '102'
pages: 351-408
papis_id: 26ed54419b00a4e36667fed925bc7d97
ref: Agenor2004macroeconomicadjustm
tags:
- relevant
- review
times-cited: '33'
title: 'Macroeconomic adjustment and the poor: Analytical issues and cross-country
  evidence'
type: article
unique-id: WOS:000222207400006
usage-count-last-180-days: '0'
usage-count-since-2013: '13'
volume: '18'
web-of-science-categories: Economics
year: '2004'