Why Don ’ t We See Poverty Convergence ?

  title={Why Don ’ t We See Poverty Convergence ?},
  author={Martin Ravallion},
We see signs of convergence in average living standards amongst developing countries and of greater progress against poverty in faster growing economies. Yet we do not see poverty convergence; the poorest countries are not enjoying higher rates of poverty reduction. The paper tries to explain why. Consistently with some growth theories, analysis of a new data set for 100 developing countries reveals an adverse effect on consumption growth of high initial poverty incidence at a given initial… CONTINUE READING