THE EFFECT OF STABILIZATION POLICIES ON POVERTY: EMPIRICAL STUDY OF BRICS AND MINT COUNTRIES
Over the previous decade, developing countries have experienced increased economic growth. Meanwhile, economic development leads to a change in poverty, which is prevalent in BRICS and MINT countries. As a result, it is essential to determine how government policy affects poverty. This study analyze...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/77824 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Over the previous decade, developing countries have experienced increased economic growth. Meanwhile, economic development leads to a change in poverty, which is prevalent in BRICS and MINT countries. As a result, it is essential to determine how government policy affects poverty. This study analyzes the influence of stabilization policies on poverty. Three stability policies are considered: fiscal policy, monetary policy, and exchange rate policy. Quarterly data from the year 2000 to 2019 in Brazil, Russia, India, China, South Africa (BRICS) dan Mexico, Indonesia, Nigeria, Turkey (MINT) were used. According to the outcomes of the study, globalization and monetary policy significantly influence poverty outcomes. This provides valuable insights for policymakers and practitioners aiming to design effective strategies for poverty reduction and sustainable economic growth. |
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