When Growth Is Not Enough : : Explaining the Rigidity of Poverty in the Dominican Republic / / Francisco Galrao Carneiro

• Autore: Galrao Carneiro Francisco
• Pubblicazione: Washington, D.C. : , : The World Bank, , 2017
• Descrizione fisica: 1 online resource (178 pages)
• Disciplina: 338.9
• Soggetto topico: Economic development
• Soggetto geografico: Dominican Republic Economic conditions; Dominican Republic; Dominican republic
• Persona (resp. second.): CarneiroFrancisco Galrão; SirtaineSophie
• Nota di contenuto: Overview -- Income definition, price indexes, and the poverty headcount in the Dominican Republic / Jaime Aristy-Escuder -- Comparative advantage and labor demand / Shushanik Hakobyan and Daniel Lederman -- Labor income share and biased technical change / Javier E. Baez, Andrés García-Suaza, and Liliana D. Sousa -- Wage effects of Haitian migration in the Dominican Republic / Liliana D. Sousa, Diana Sanchez, and Javier E. Baez -- Labor market implications of immigration and emigration in the Dominican Republic / Zovanga L. Kone and Caglar Ozden.
• Sommario/riassunto: 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.
• Titolo autorizzato: When Growth Is Not Enough
• ISBN: 1-4648-1037-0
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910792921903321
• Lo trovi qui: Univ. Federico II
• Serie: World Bank e-Library.