“…The primary lesson from the past 50 years of development research is that economic growth is the most effective way to pull people out of poverty (DFID, 2008). Much of the economic development studies (Fukuda, 2008;Odhiambo, 2009;Akanbi & Toit, 2011;Strulik, 2012;Uddin et al, 2014;Imai et al, 2014;Jencova et al, 2015;Kiaušienė, 2015;Limanli, 2015;Devarajan et al, 2015;Hassan et al, 2015;Bagchi & Svejnar, 2015;Moore et al, 2016;Fosu, 2017;Rakotondramaro & Andriamasy, 2016;Traverso, 2016;Škare & Družeta, 2016;Ozturk, 2016;Thorat et al, 2017;Iceland & Hernandez, 2017;Maksimov et al, 2017;Mikucka et al, 2017;Pietrzak et al 2017;Tvaronavičienė, Gatautis, 2017;Diržytė et al, 2017) deal with how do poverty, on the one hand, and relative inequality, on the other hand, change with economic growth and how are these variables impacted by the characteristics of growth. A wide range of empirical studies on the relationships between economic growth and poverty have revealed that the growth is associated with poverty reduction.…”