Growth and poverty in Burkina Faso: A reassessment of the paradox
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Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
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Main Library - Special Collections | HC800 JOU (Browse shelf(Opens below)) | Vol. 16, no. 1 (pages 70-101) | SP1221 | Not for loan | For In house Use |
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Previous poverty assessments of Burkina Faso neglected some important methodological issues. They were therefore misleading and led to the so-called ‘Burkinabè Growth–Poverty Paradox’, i.e., increasing poverty despite sustained macro-economic growth and constant inequality. We estimate that poverty significantly decreased between 1994 and 2003, i.e., growth was in contrast to what previous poverty estimates suggested ‘pro-poor’. However, we also demonstrate that between 1994 and 1998, poverty indeed increased despite a good macro-economic performance. This was caused by a severe drought and the devaluation of the CFA Franc, which led to a profound deterioration of the purchasing power of the poor, an issue, which was also overseen by previous studies.
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