Abstract
Purpose: According to the New Institutional View, the main reason for the great difference between countries in terms of growth, development and economic welfare is their institutional structures and foundations. Creating a stable structure in human relationships, institutions reduce insecurity, transaction costs and increase people's motivation. In this regard, the present study examined the role of institutional conditions in the impact of economic growth on poverty in middle and high per capita income countries from 2004 to 2017.
Highlights
Recession, high rate of unemployment, corruption, and other social and economic factors have left low-income households in poverty in most countries and they do not enjoy the benefits of economic growth, so in recent years the issue of poverty eradication has been considered and the support of the United Nations and its affiliates has put this issue on the agenda of governments in most countries
First, the threshold value is estimated by the ordinary least squares method, the result of the threshold significance test is presented to ensure the validity of the econometric method of panel threshold
Good governance is very important for economic performance, it will enable the economy to grow more and reduce poverty
Summary
High rate of unemployment, corruption, and other social and economic factors have left low-income households in poverty in most countries and they do not enjoy the benefits of economic growth, so in recent years the issue of poverty eradication has been considered and the support of the United Nations and its affiliates has put this issue on the agenda of governments in most countries. Various studies have been conducted in different countries on how to reduce poverty, most of which have mentioned economic growth as the main solution to reduce poverty (Lyubimov, 2017). There is intense debate over the extent to which the poor benefit from this growth. Some economists believe that liberal economic policies should be supported to provide an opportunity to increase the income of the poor. Another group believes that the benefit of economic growth for the poor are undermined or even offset by sharp increase in inequality (Dollar and Kraay, 2002). With the rising differences between countries in terms of economic growth and poverty, economists sought to find the reason for these differences
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Business and Economic Sciences Applied Research
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
