Banque de France paper tackles ‘elasticity of poverty’
Countries should focus on agricultural productivity in the short-run
Not all growth is equal in improving the lot of the poorest fraction of society, and research published by the Banque de France seeks to highlight the areas policy-makers should concentrate on to tackle poverty.
The working paper, The elasticity of poverty with respect to sectoral growth in Africa, takes a novel approach in dividing each economy into six sectors, and estimating how concentrating growth in different sectors feeds into poverty reduction over time. Nicoletta Berardi of the Banque
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