How strong is the evidence for the existence of poverty traps ? A multi country assessment

  title={How strong is the evidence for the existence of poverty traps ? A multi country assessment},
  author={Andy Mckay},
Poverty is commonly identified in terms of a household’s per capita (or per adult) consumption or income falling below a poverty line; thus the chronic or persistent poor are those whose consumption/income falls below the poverty line in all or most periods within a panel data set. Evidence from a number of countries suggests that the chronic poor identified in this manner typically have a number of distinct characteristics which might be considered possible explanations of chronic poverty… CONTINUE READING


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