Macroeconomic policy for pro-poor growth [Elektronische Ressource] / vorgelegt von Rolf Maier

Macroeconomic Policy for Pro-Poor Growth Inaugural-Dissertation zur Erlangung des Grades Doctor oeconomiae publicae (Dr. oec. publ.) an der Ludwig-Maximilians-Universität München September 2004 vorgelegt von Rolf Maier Referent: Prof. Stephan Klasen, PhD Korreferent: Prof. Dr. Dalia Marin Promotionsabschlussberatung: 9. Februar 2005 Macroeconomic Policy for Pro-Poor Growth by Rolf Maier Submitted to the Department of Economics in partial fulfillment of the requirements for the degree of Doctor oeconomiae publicae (Dr. oec. publ.) at the Ludwig-Maximilians-University, Munich September 2004 Thesis Supervisor: Prof. Stephan Klasen, PhD Thesis Co-Supervisor: Prof. Dr. Dalia Marin Final Committee Consultation: 9. Februar 2005 Table of Contents General Introduction 1 Part I: External Debt and Pro-Poor Growth 6 1. Introduction 8 2. External debt and pro-poor growth 8 2.1 Literature review 8 2.2 Effects of external debt on pro-poor growth 13 3. Data sources and descriptive statistics 17 3.1 Data on income inequality measures 17 3.2 Debt indicators and additional macroeconomic variables 19 4. Pro-poor growth 22 5. Econometric specifications and estimations 23 5.1 Econometric specifications 23 5.1.1 System GMM estimation: level and first differenced equation 24 5.1.