Economic growth and poverty: a tale of two decades

The relationship between poverty and economic growth is reexamined using pooled cross section and time series estimates of state level poverty. Empirical evidence is provided for both cash and comprehensive income headcounts and Sen indexes of poverty. Particular emphasis is placed on the differenti...

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Bibliographic Details
Published in:Applied economics 2011-11, Vol.43 (28), p.4277-4288
Main Authors: Johnson, Christopher, Formby, John P., Kim, Hoseong
Format: Article
Language:English
Subjects:
Correlation
Economic development
Economic growth
Economic impact
Economic impact analysis
Estimation
Income measurement
Poverty
Studies
Time series
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Summary:The relationship between poverty and economic growth is reexamined using pooled cross section and time series estimates of state level poverty. Empirical evidence is provided for both cash and comprehensive income headcounts and Sen indexes of poverty. Particular emphasis is placed on the differential impacts of growth on poverty in the long economic expansions of the 1980s and 1990s. Contrary to prior work, we find that the long-term effects of growth did not strengthen and may have actually diminished during the 1990s.
ISSN:0003-6846
1466-4283
DOI:10.1080/00036846.2010.491451