Michael R. Carter|Chris Barrett
The economics of poverty traps and persistent poverty: An asset-based approach
University of Wisconsin–Madison|Cornell University
longitudinal data household living standards open way deeper analysis nature extent poverty number studies exploited type data distinguish transitory chronic forms income expenditure poverty paper develops assetbased approach poverty analysis makes possible distinguish deeprooted persistent structural poverty poverty passes naturally time due systemic growth processes drawing economic theory poverty traps bifurcated accumulation strategies paper briefly discusses feasible estimation strategies empirically identifying poverty traps longterm persistent structural poverty well relevant extensions popular fostergreerthorbecke class poverty measures paper closes reflections assetbased poverty used underwrite design persistent poverty reduction strategies