When Growth Is Not Enough: Explaining The Rigidity Of Poverty In The Dominican Republic (Directions In Development) Francisco Galrao Carneiro

When Growth Is Not Enough: Explaining the Rigidity of Poverty in the Dominican Republic (Directions in Development)
by Francisco Galrao Carneiro
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The Dominican Republic stands out as a fast growing economy that has not been able to generate a commensurate reduction in poverty. Three reasons have been raised before to explain this conundrum: (i) a labor market that does not translate productivity gains into salary increases; (ii) a domestic economy with weak inter-sectoral linkages; (iii) and a public sector that does not spend enough nor particularly well to reduce poverty. In addition, the country remains largely exposed to natural disasters and exogenous shocks that, if not mitigated properly, may affect the sustainability of growth in the medium and longer terms. This book assembles a collection of empirical analyses that explore three complementary hypotheses that could help understand why the Dominican Republic continues, to this date, experiencing high economic growth rates with limited poverty reduction.

The first hypothesis is concerned with testing whether the observed pattern of fast economic growth cum persistent poverty in the DR is partly driven by a poverty methodology that does not account for price variation that affects distinctly the consumption patterns of low-income and better-off households. If that hypothesis holds, the DR may face a situation in which household income for households at the bottom of the distribution is underestimated. The second hypothesis tests whether the pattern of specialization in the DR might be such that it does not favor unskilled labor. If that hypothesis holds, then returns to capital are probably much higher than returns to labor which would be an indication that the DR has had a comparative advantage in products that are capital intensive instead of labor-intensive. The third hypothesis investigates whether poverty and wage inequality in the DR are affected not only by immigration but also by emigration. The contribution of the volume, therefore, lies in precisely offering a more careful exploration of specific issues around common explanations for the shortcomings of the DR in reducing poverty on a faster basis.




































When Growth Is Not Enough Explaining the Rigidity of Poverty in the Dominican Republic Directions in Development




Francisco Galrao Carneiro


Buy When Growth is Not Enough by Sophie Sirtaine, Francisco Galrao Carneiro from Waterstones today! Click and Collect from your local Waterstones or get FREE UK .Francisco Galrao Carneiro Created Date: 05/02/2014 14:18:29 Title: Suriname Last modified by: Francisco Galrao Carneiro Company: The World Bank Group .Get this from a library! On defining and measuring the informal sector. [G Reza Arabsheibani; Francisco Galro Carneiro; World Bank.] -- "A range of alternative .Document of . The World Bank . FOR OFFICIAL USE ONLY . Report No. 87023-GD . . Francisco Galrao Carneiro, Auguste Tano Kouame and Alessandro Legrotaglie.Francisco Carneiro studies Refugee Studies and International Refugee Law.

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