Growth and inequality trade-offs to eradicate absolute poverty

Min, Jihoon; Rao, Narasimha D.

doi:10.1016/j.heliyon.2023.e21441

Cited by 4 publications

(1 citation statement)

References 24 publications

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“…On the other hand, the literature has documented that changes in poverty are linked to prior alterations in income inequality (Bergstrom 2022;Min and Rao 2023). In other words, inequality can play a key role in both mitigating and exacerbating poverty.…”

Section: Linking Remittances Income Inequality and Fuel Povertymentioning

confidence: 99%

How Do Remittances Influence the Mitigation of Energy Poverty in Latin America? An Empirical Analysis Using a Panel Data Approach

González Bautista,

Zurita Moreano,

Vallejo Mata

et al. 2024

Economies

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Energy poverty represents a critical challenge in Latin America today, given the social disparities the region faces. In this context, this study focuses on exploring the effects of remittances on the energy poverty of 13 Latin American countries during the period 2000–2020. Panel estimations with fixed and random effects, along with the generalized method of moments, are employed to address potential endogeneity issues. The results suggest that remittances play a significant role in mitigating energy poverty in the Latin American region, particularly in rural areas. Furthermore, it is observed that economic growth and financial development act as mediators, allowing remittances to indirectly contribute to mitigating energy poverty. Although inequality was examined as a potential mediator, the findings suggest that it does not play a significant role in this context. It is concluded that remittances are an appropriate mechanism to improve the quality of life of the population, and their impact is strengthened in a more robust economic environment.

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Section: Linking Remittances Income Inequality and Fuel Povertymentioning

confidence: 99%

How Do Remittances Influence the Mitigation of Energy Poverty in Latin America? An Empirical Analysis Using a Panel Data Approach

González Bautista,

Zurita Moreano,

Vallejo Mata

et al. 2024

Economies

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Decent living standards, prosperity, and excessive consumption in the Lorenz curve

Pauliuk

2024

Ecological Economics

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Income and inequality pathways consistent with eradicating poverty

Min,

Soergel,

Kikstra

et al. 2024

Environ. Res. Lett.

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To investigate concurrent climate action and poverty eradication, we present combined income growth (GDP/capita) and domestic income inequality (measured as Gini coefficients) pathways that pursue (absolute and relative) poverty eradication reflecting the three narratives of Sustainable Development Pathway (SDP). The GDP/capita pathways are modifications of the Shared Socioeconomic Pathway SSP1 scenario, including one post-growth future for high-income countries and higher growth for all currently lower-income countries. Current inequality levels, together with the total national income from the GDP pathways, determine the inequality reductions required to eradicate poverty in individual countries; they are based on a methodology that specifies the relationship between poverty, inequality, and growth. Our pathways show rapid and sustained reductions in within-country inequality (Gini), even with high economic growth. The speed of redistribution is limited to the highest historically observed changes in inequality. We identify which countries face the greatest difficulties in meeting their poverty eradication targets and estimate the level of international transfers needed to fill the gap for those countries. Our findings reconfirm the importance of reducing within-country inequality in eradicating global poverty.

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Growth and inequality trade-offs to eradicate absolute poverty

Cited by 4 publications

References 24 publications

How Do Remittances Influence the Mitigation of Energy Poverty in Latin America? An Empirical Analysis Using a Panel Data Approach

How Do Remittances Influence the Mitigation of Energy Poverty in Latin America? An Empirical Analysis Using a Panel Data Approach

Decent living standards, prosperity, and excessive consumption in the Lorenz curve

Income and inequality pathways consistent with eradicating poverty

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