Macroeconomic performance and poverty in Brazil
利用巴西时间序列数据,研究发现贫困对工资的弹性较低且无不对称效应,而长期收入变化与贫困的关联更富弹性,暗示经济增长乏力是减贫效果不佳的原因。
Abstract Drawing on Brazilian time-series data this study finds an inelastic link between poverty and wages over the macroeconomic cycle that is devoid of the asymmetric effects that characterise the phenomenon's response to changes in the rate of unemployment. Deepening of structural reforms in the second half of the 1990s had no effect on the aforementioned relationships, which also varied little by regional level of development. Finally, the connection between poverty and long-term income changes was more elastic, suggesting an association between the economy's recent disappointing performance in alleviating poverty and its lacklustre growth record over the past two decades.