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

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

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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