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Besley & Burgess (2003) Redistribution, Growth and Welfare Poverty & Growth Are the millennium development goals achievable? How can you check? Run a regression of the form: log P it = θ i + η log μ it + ε it where P it is the head-count poverty rate for country i at time t based on the $1 a day poverty line, θ i is a country fixed effect, μ it is real per-capita national income for the country and
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Unformatted text preview: it is the error term. is the elasticity of poverty with respect to income per capita . Redistribution and Poverty We can also look at how inequality affects poverty to get some handle on whether redistribution might be a route for reducing poverty - to do this a Development Economics, LSE Summer School 2007 7...
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