Macro-Structural Policies and Income Inequality in Low-Income Developing Countries /

Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macroeconomic stability, thereby also limiting countri...

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Detalles Bibliográficos
Autor Principal: Fabrizio, Stefania
Outros autores: Furceri, Davide, Garcia-Verdu, Rodrigo, Li, Bin Grace
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Series:Staff Discussion Notes; Staff Discussion Notes ; No. 2017/001
Acceso en liña:Full text available on IMF
Descripción
Summary:Despite sustained economic growth and rapid poverty reductions, income inequality remains stubbornly high in many low-income developing countries. This pattern is a concern as high levels of inequality can impair the sustainability of growth and macroeconomic stability, thereby also limiting countries' ability to reach the Sustainable Development Goals. This underscores the importance of understanding how policies aimed at boosting economic growth affect income inequality. Using empirical and modeling techniques, the note confirms that macro-structural policies aimed at raising growth payoffs in low-income developing countries can have important distributional consequences, with the impact dependent on both the design of reforms and on country-specific economic characteristics. While there is no one-size-fits-all recipe, the note explores how governments can address adverse distributional consequences of reforms by designing reform packages to make pro-growth policies also more inclusive.
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Descrición Física:1 online resource (42 pages)
Formato:Mode of access: Internet
ISSN:2617-6750
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students