The RMSM-X+P: A Minimal Poverty   Module for the RMSM-X

Chen, Derek H.C.; Ranaweera, Thilakaratna; Storozhuk, Andriy

The RMSM-X+P: A Minimal Poverty Module for the RMSM-X

2004

Chen, Derek H.C. | Ranaweera, Thilakaratna | Storozhuk, Andriy

The authors present a new tool, the RMSM-X+P, which essentially consists of a RMSM-X model with an additional module for poverty and social indicators. This linkage facilitates the analysis of the impact of various macroeconomic shocks on a selected set of key social indicators. Poverty analysis is performed by the use of a poverty equation (which is estimated using pooled data for a group of low-income countries) that links the incidence of poverty to inflation, the literacy rate, real GDP per capita, the degree of trade openness, and income inequality. Similarly, the authors analyze the effects of various macroeconomic shocks on education and health with the aid of equations for education and health. This new tool allows the user to address a limited number of policy issues. However, it does possess several merits, perhaps the most substantial being that it permits the users to move beyond approaches that focus on the partial correlation between growth and poverty in discussions of poverty reduction.

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AGROVOC Keywords

basic education debt developed countries developing countries development indicators economic development economic growth economists education elasticities exchange rate farms health care household surveys housing human capital hygiene illiteracy imports income income distribution infants inflation information insurance international trade living standards methodology mothers nutrition opportunity costs physicians poverty alleviation poverty reduction productivity public expenditure public health rural areas savings schools social indicators trade liberalization unemployment urban areas urbanization

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Publisher

World Bank, Washington, D.C.

Other Subjects

Per capita income; Income levels; Fixed effects; Debt relief; Policy research; Estimation results; Capital goods; Adjustment programs; Life expectancy; Average incomes; Trade openness; Health indicators; Medical facilities; Unskilled labor; Educational attainment; Poverty line; Macroeconomic policy; Comparative advantage; Trade volumes; Public expenditures; Low-income countries; Urbanization rate; Development goals; Average level; Low- income countries; Urbanization indicators; Mean income; Gini index; Inflation rates; Transfer payments; Health issues; Political instability; Dependent variable; Income level; Population share; Macroeconomic shocks; Empirical section; Aggregate demand; Increased investment; Quotas; Growth rates; Productive resources; Reducing poverty; Estimated coefficients; High inflation; Workers poverty; Education level; Policy analysis; Income elasticity; Adverse effects; Empirical research; Policy issues; Intermediate goods; Lagged values; Infant mortality; Gini coefficient; Income inequality; Relative prices; Purchasing power; Inflation rate; Black market; Empirical studies; Nurses; Poverty levels; Primary school; Income increase; Macroeconomic instability; Income constant; Average income; Purchasing power parity; Growth elasticity; Wage differentials; Poverty gap; Significant effect; Poor people; Increase growth; Equal distribution; Literacy rates; Independent variables; Export taxes; Infant morbidity rates; Relative wage; Country data; Health outcomes; Independent variable; Black market premium; Health status; Female education; Poverty increases; Long run; Public health expenditures; Gross domestic product per capita; Expenditures; Education expenditures; Closed economies; Income groups; Public spending; Adjustment policies; Poverty reduction strategy; Poverty rate; Growth literature; Financial

License

Policy Research Working Paper;No.3304http://creativecommons.org/licenses/by/3.0/World BankCC BY 3.0 Unported

Source

Policy Research Working Paper;No.3304

In AGRIS since: 2014-09-15

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http://hdl.handle.net/10986/14043

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The RMSM-X+P: A Minimal Poverty Module for the RMSM-X

2004

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