Growth elasticity of poverty
id:
growth-elasticity-of-poverty-288-675298
title:
Growth elasticity of poverty
text:
Growth elasticity of poverty (GEP) is the percentage reduction in poverty rates associated with a percentage change in mean income. Mathematically; where PR is a poverty measure and y is per capita income. Generally, increases in per capita income tend to decrease the poverty rate, hence the elasticity is positive. Standard estimates of GEP for developing countries range from 1.5 to 5, with an average estimate of around 3. This implies that a 1% increase in per capita income is associated with a
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Growth_elasticity_of_poverty
date created:
date modified:
2023-03-25T14:21:18Z
main entity:
{"identifier":"Q5611739","url":"https://www.wikidata.org/entity/Q5611739"}
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13
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