Assessing the Impacts of Globalization on Poverty Using Decomposition Methods
نویسنده
چکیده
The objective of this study is to assess the determinants of poverty in Sri Lanka from 1977 to 2000. A general equilibrium model is developed for the Sri Lankan economy considering two sectors, two factors and two households assuming it is a small open economy. A specific factors model is used treating labor as the mobile factor. Three data sets are developed and used for calibration for the years 1977, 1994 and 2000. Models are used to assess the contribution of technological change, trade, government transfers, labor endowment and changes in tastes on poverty. Results reveal that technological change mainly explains the changes in relative and absolute poverty from 1977 to 1994. Changes in absolute poverty from 1977 to 1994 is mainly due to change in labor endowment.
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