A Multidimensional Approach to the Inclusiveness of economic Growth in the New Member States

This paper aims to analyze the responsiveness of different dimensions of multidimensional poverty to economic growth in the New Member States, from 2000 to 2011. The inclusiveness of economic growth is analyzed by a set of growth elasticity to different poverty measures. The common determinants of inequality, income poverty, material poverty and subjective poverty are comparatively examined using GMM panel regression models; the relationship between the poverty measures, inequality and economic growth is studied by random effects panel regressions. The results reveal a high heterogeneity within the NMS area. The subjective poverty has not an objective basis, and targeting different aspects of multidimensional poverty could generate undesirable effects for the other dimensions of poverty.