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When Growth Is Not Enough : Explaining the Rigidity of Poverty in the Dominic...
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Item specifics
- Condition
- Book Title
- When Growth Is Not Enough : Explaining the Rigidity of Poverty in
- ISBN
- 9781464810367
- Subject Area
- Social Science, Business & Economics
- Publication Name
- When Growth Is Not Enough : Explaining the Rigidity of Poverty in the Dominican Republic
- Publisher
- World Industries Bank Publications
- Item Length
- 10 in
- Subject
- Poverty & Homelessness, Economic Conditions
- Publication Year
- 2017
- Series
- Directions in Development-Poverty Ser.
- Type
- Textbook
- Format
- Trade Paperback
- Language
- English
- Item Height
- 0.5 in
- Item Weight
- 14.1 Oz
- Item Width
- 7 in
- Number of Pages
- 178 Pages
About this product
Product Identifiers
Publisher
World Industries Bank Publications
ISBN-10
1464810362
ISBN-13
9781464810367
eBay Product ID (ePID)
237511770
Product Key Features
Number of Pages
178 Pages
Language
English
Publication Name
When Growth Is Not Enough : Explaining the Rigidity of Poverty in the Dominican Republic
Publication Year
2017
Subject
Poverty & Homelessness, Economic Conditions
Type
Textbook
Subject Area
Social Science, Business & Economics
Series
Directions in Development-Poverty Ser.
Format
Trade Paperback
Dimensions
Item Height
0.5 in
Item Weight
14.1 Oz
Item Length
10 in
Item Width
7 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
2017-470227
Illustrated
Yes
Synopsis
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 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.
LC Classification Number
HC153.5.Z9P68 2017
Copyright Date
2017
ebay_catalog_id
4
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