Prof Augustin Kwasi Fosu, Professor of Economics, Institute of Statistical, Social and Economic Research, University of Ghana, has won the prestigious Elsevier Atlas Award.
His research paper, published in 2017 in the journal Research in Economics titled ‘Growth, inequality, and poverty reduction in developing countries: Recent global evidence,’ emerged the winner of all published research works across Elsevier’s 1,800 journals.
The award article was about the comparative global evidence on the transformation of economic growth into poverty reduction in developing countries, with emphasis on the role of income inequality. The focus period is the early to mid 1990s when growth in these countries as a group had been relatively strong, surpassing that of the advanced economies. Both regional and country-specific data were analyzed for the $1.25 and $2.50-level poverty headcount ratios using World Bank PovcalNet data. While in the majority of countries growth was the major factor behind falling or increasing poverty, inequality, nevertheless, played a crucial role.
Professor Fosu received the award on Sunday 18th March 2018 at Bernard Sunley Lecture Theatre, Oxford, United Kingdom, following the opening plenary session of the CSAE Conference 2018.
Professor Fosu disclosed that two representatives of Elsevier Publishers came from Amsterdam for the ceremony to honour him with a certificate and an Atlas bust. After the event, he proceeded to make a presentation of the article that won him the award, and received kind words from the CSAE Director, who chaired the event.
Hearty congratulations Professor Augustin Kwasi Fosu.