Poverty, Relative to the Ability to Eradicate It: An Index of Poverty Reduction Failure
Permanent Link(s)
Collections
Author
Kanbur, Ravi
Mukherjee, Diganta
Abstract
In this note we approach the question of relative poverty from a different angle. Fixing the poverty line, we ask: What is the extent of poverty relative to the resources available in the society to eradicate it? We argue that the same level of poverty is “worse” if the resources available to address it are greater. We characterize a class of indices that measure Poverty Reduction Failure and provide an empirical illustration of their suitability using data for 94 country observations in 2001.
Description
WP 2007-02 February 2007
JEL Classification Codes: D31; D63; I32
Date Issued
2007-02-01
Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Type
article