@article{334ee6f223ce4b30a9520c78714ab398,
title = "Poverty, economic growth, and average exit time",
abstract = "A simple transformation of the Watts poverty index yields a {"}meaningful{"} measure with appealing ordinal properties and a natural interpretation in terms of the potential for economic growth to alleviate poverty. The index is illustrated with data from Bangladesh and Bolivia.",
keywords = "Bangladesh, Bolivia, Economic growth, I32, O12, Poverty measurement, Watts poverty measure",
author = "Jonathan Morduch",
note = "Funding Information: I have benefited from discussions with Tim Besley, Gary Fields, Peter Klibanoff, and Debraj Ray. Miguel Urqiola and Wilson Jimenez provided critical insights and assistance with the Bolivian data. Financial support was provided by the Research Committee at the Harvard Institute for International Development. I am grateful for the hospitality and data provided by the Unidad de Analisis des Politicas Sociales (UDAPSO), La Paz. This is a substantially revised version of a paper circulated previously under the title “A Positive Measure of Poverty” (Harvard Institute of Economic Research Discussion Paper 1669, January 1994).",
year = "1998",
month = jun,
day = "1",
doi = "10.1016/s0165-1765(98)00070-6",
language = "English (US)",
volume = "59",
pages = "385--390",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "3",
}