Jump to ContentJump to Main Navigation
Economic Growth and Poverty Reduction in Sub-Saharan AfricaCurrent and Emerging Issues$
Users without a subscription are not able to see the full content.

Andrew McKay and Erik Thorbecke

Print publication date: 2015

Print ISBN-13: 9780198728450

Published to Oxford Scholarship Online: November 2015

DOI: 10.1093/acprof:oso/9780198728450.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 11 December 2019

Is Poverty a Binding Constraint on Growth in Sub-Saharan Africa?

Is Poverty a Binding Constraint on Growth in Sub-Saharan Africa?

Chapter:
(p.54) 3 Is Poverty a Binding Constraint on Growth in Sub-Saharan Africa?
Source:
Economic Growth and Poverty Reduction in Sub-Saharan Africa
Author(s):

Jean-Yves Duclos

Stephen A. O’Connell

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198728450.003.0003

Is poverty a binding constraint on economic growth in sub-Saharan Africa? Plausible theories of economy-wide poverty traps abound, but the empirical cross-country growth literature is indecisive on the existence of multiple equilibria and is likely to remain so. This chapter introduces the weaker concept of development traps, defined as intervals of income over which growth is low and conditional convergence fails. The chapter argues that development traps are of broader empirical relevance than poverty traps, both at the aggregate level and for households. The chapter argues that the most promising directions for research involve microeconomic investigations of the effects of poverty on productivity. The chapter reviews the dominant mechanisms through which these effects may emerge and suggests specific avenues for country-based research.

Keywords:   growth, poverty, growth theory, poverty traps, productivity

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .