Economic growth and poverty reduction

Evidence from Sub‐Saharan African (SSA) countries

Datos Bibliográficos

ID12981835
AutoresYohannes Kefale Mogess (0000-0002-4941-252X, autor de correspondencia), Zerayehu Sime Eshete, Abadi Teferi Alemaw (0000-0003-4121-3734)
Año2023
Volumen15
Número2
Páginas251-278
Fecha de publicación2023-05-23
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaPoverty & Public Policy (JOURNAL)
Identificadores de la revistaISSN: 1944-2858 • E-ISSN: 2194-6027
EditorialWiley (PUBLISHER • GB)
DOI10.1002/pop4.364
OpenAlexW4377825147
IdiomaEN
Referencias citadas28

Sub‐Saharan African (SSA) countries have registered outstanding economic growth in recent decades. However, poverty is still pervasive, deep, and severe in the region. This paper aims to analyze the impact of the recent economic growth on poverty reduction in 27 SSA countries using a new dynamic panel data set. Adopting System GMM estimation, this study found that economic growth has been associated with poverty reduction. Also, the previous level of poverty had an intense impact on the prevalent poverty status in the region. Moreover, although nonmonetary measures and income measures of poverty produce similar results (showing a reduction in poverty), nonincome poverty, especially destitution data, suggest that SSA countries are poorer even than previously understood. We suggest that SSA countries should promote a policy of income‐enhancing (i.e., economic growth) to ramp up poverty reduction

Developing country · Development economics · Econometrics · Economic growth · Economics · Panel data · Poverty · Poverty reduction · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Poverty, Education, and Child Welfare