Macroeconomic crises and poverty monitoring: a case study for India

Survey‐based welfare indicators can fluctuate over time in ways which have little to do with macroeconomic changes in the economy. So basing policy decisions on short‐term movements in such welfare indicators can be hazardous. There was a sharp increase in India’s poverty measures in the aftermath o...

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Main Authors: Datt, Gaurav, Ravallion, Martin
Format: Journal Article
Language:Inglés
Published: Wiley 1997
Subjects:
Online Access:https://hdl.handle.net/10568/171717
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author Datt, Gaurav
Ravallion, Martin
author_browse Datt, Gaurav
Ravallion, Martin
author_facet Datt, Gaurav
Ravallion, Martin
author_sort Datt, Gaurav
collection Repository of Agricultural Research Outputs (CGSpace)
description Survey‐based welfare indicators can fluctuate over time in ways which have little to do with macroeconomic changes in the economy. So basing policy decisions on short‐term movements in such welfare indicators can be hazardous. There was a sharp increase in India’s poverty measures in the aftermath of the mid‐1991 crisis and the ensuing stabilization program. However, only one‐tenth of the increase in measured poverty is explicable in terms of the variables one would expect to transmit the shock to poor people. Poverty measures soon returned to their pre‐reform levels, belying the notion of a structural break induced by reforms.
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spelling CGSpace1717172025-02-19T14:02:12Z Macroeconomic crises and poverty monitoring: a case study for India Datt, Gaurav Ravallion, Martin poverty welfare economics macroeconomics assessment Survey‐based welfare indicators can fluctuate over time in ways which have little to do with macroeconomic changes in the economy. So basing policy decisions on short‐term movements in such welfare indicators can be hazardous. There was a sharp increase in India’s poverty measures in the aftermath of the mid‐1991 crisis and the ensuing stabilization program. However, only one‐tenth of the increase in measured poverty is explicable in terms of the variables one would expect to transmit the shock to poor people. Poverty measures soon returned to their pre‐reform levels, belying the notion of a structural break induced by reforms. 1997-06 2025-01-29T12:58:37Z 2025-01-29T12:58:37Z Journal Article https://hdl.handle.net/10568/171717 en Limited Access Wiley Datt, Gaurav; Ravallion, Martin. 1997. Macroeconomic crises and poverty monitoring: a case study for India. Review of Development Economics 1(2): 135-152. https://doi.org/10.1111/1467-9361.00010.
spellingShingle poverty
welfare economics
macroeconomics
assessment
Datt, Gaurav
Ravallion, Martin
Macroeconomic crises and poverty monitoring: a case study for India
title Macroeconomic crises and poverty monitoring: a case study for India
title_full Macroeconomic crises and poverty monitoring: a case study for India
title_fullStr Macroeconomic crises and poverty monitoring: a case study for India
title_full_unstemmed Macroeconomic crises and poverty monitoring: a case study for India
title_short Macroeconomic crises and poverty monitoring: a case study for India
title_sort macroeconomic crises and poverty monitoring a case study for india
topic poverty
welfare economics
macroeconomics
assessment
url https://hdl.handle.net/10568/171717
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