Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central America
This study is concerned with both the interlinks between inequality, extreme poverty reduction, and economic growth and estimates the dampening impact on economic growth and on extreme poverty rates using the Central American countries annualized level data. These dynamic complexities, are analyzed...
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| Format: | Article |
| Language: | English |
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Universidad Loyola Andalucía
2024-07-01
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| Series: | Revista de Fomento Social |
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| Online Access: | https://revistas.uloyola.es/rfs/article/view/5775 |
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| author | Manuel Antonio Vanegas Sr |
| author_facet | Manuel Antonio Vanegas Sr |
| author_sort | Manuel Antonio Vanegas Sr |
| collection | DOAJ |
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This study is concerned with both the interlinks between inequality, extreme poverty reduction, and economic growth and estimates the dampening impact on economic growth and on extreme poverty rates using the Central American countries annualized level data. These dynamic complexities, are analyzed within the auto regressive distributed lag bounds testing approach to cointegration. The results show that when extreme poverty reduction is decomposed into two separate impacts, the growth impact on poverty reduction was lessened by the incidence of high-income inequality. The total dampening impact of inequality, varies from 1.1522% for El Salvador to 2.0589% for Honduras, due to a 1% increase in inequality. Reducing inequalities can be doubly beneficial for the extreme poor in Central American countries. The magnitude of changes in poverty reduction depends on each country-specifics, which leads to the implementation of a different strategy for extreme poverty reduction to different countries
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| format | Article |
| id | doaj-art-ec876b54281246d4b68f710c6162dcbb |
| institution | Kabale University |
| issn | 0015-6043 2695-6462 |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Universidad Loyola Andalucía |
| record_format | Article |
| series | Revista de Fomento Social |
| spelling | doaj-art-ec876b54281246d4b68f710c6162dcbb2025-01-10T09:05:28ZengUniversidad Loyola AndalucíaRevista de Fomento Social0015-60432695-64622024-07-0130910.32418/rfs.2024.309.5775Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central AmericaManuel Antonio Vanegas Sr This study is concerned with both the interlinks between inequality, extreme poverty reduction, and economic growth and estimates the dampening impact on economic growth and on extreme poverty rates using the Central American countries annualized level data. These dynamic complexities, are analyzed within the auto regressive distributed lag bounds testing approach to cointegration. The results show that when extreme poverty reduction is decomposed into two separate impacts, the growth impact on poverty reduction was lessened by the incidence of high-income inequality. The total dampening impact of inequality, varies from 1.1522% for El Salvador to 2.0589% for Honduras, due to a 1% increase in inequality. Reducing inequalities can be doubly beneficial for the extreme poor in Central American countries. The magnitude of changes in poverty reduction depends on each country-specifics, which leads to the implementation of a different strategy for extreme poverty reduction to different countries https://revistas.uloyola.es/rfs/article/view/5775Central AmericaExtreme PovertyEconomic GrowthInequalityDampeningARDL |
| spellingShingle | Manuel Antonio Vanegas Sr Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central America Revista de Fomento Social Central America Extreme Poverty Economic Growth Inequality Dampening ARDL |
| title | Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central America |
| title_full | Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central America |
| title_fullStr | Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central America |
| title_full_unstemmed | Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central America |
| title_short | Sectoral Growth Dynamics: Inequality Tradeoff and Sustainability in Central America |
| title_sort | sectoral growth dynamics inequality tradeoff and sustainability in central america |
| topic | Central America Extreme Poverty Economic Growth Inequality Dampening ARDL |
| url | https://revistas.uloyola.es/rfs/article/view/5775 |
| work_keys_str_mv | AT manuelantoniovanegassr sectoralgrowthdynamicsinequalitytradeoffandsustainabilityincentralamerica |