KDI Journal of Economic Policy

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P-ISSN 1738-656X

Vol.28, No.2

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한국개발연구. Vol. 28, No. 2, December 2006, pp. 199-237

https://doi.org/10.23895/kdijep.2005.28.2.199

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A Survey of Relationship between Growth, Distribution and Poverty

Gyeong joon Yoo

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Abstract

The relationship between growth and distribution, which has been revealed through many empirical evidences, is that growth is distribution neutral on average and high asset inequality could be a hindrance of economic growth. The growth versus distribution dichotomy is false, as poverty reduction requires blending policy of growth and distribution both theoretically and empirically. At this present, the pro-poor growth policy, which has been recommended by the World Bank, should be urgently needed in Korea to achieve the reduction of absolute poverty through the harmony between growth and distribution. However, it is not easy to expect the reduction of absolute poverty if the Korean government, in means of reducing absolute inequality, pursues anti-polarization policy. Specifically, we cannot deny the existence of negative correlation between absolute poverty and absolute inequality on average.

Keywords

빈곤감소적 성장(ProPoor Growth), 분배(Distribution), 성장(Growth), 빈곤(Poverty)

JEL Code

B9, B8, A6

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