Determinants Of Inclusive Growth In Asean

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Determinants of Inclusive Growth in ASEAN

Victoriia Alekhina,Mr.Giovanni Ganelli
Determinants of Inclusive Growth in ASEAN Book PDF

Author : Victoriia Alekhina,Mr.Giovanni Ganelli
Publisher : International Monetary Fund
Page : 39 pages
File Size : 45,8 Mb
Release : 2020-07-03
Category : Business & Economics
ISBN : 9781513549194

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Determinants of Inclusive Growth in ASEAN by Victoriia Alekhina,Mr.Giovanni Ganelli Pdf

Over the past decades ASEAN countries have experienced rapid economic growth accompanied by a dramatic fall in poverty rates, but income inequality has not retreated. This research aims at identifying factors which could contribute to more equally distributed growth in ASEAN. To measure inclusive growth, we use a variable integrating per capita income growth and an equity index. A cross-country panel analysis of the impact of macro-structural factors on inclusive growth and its two components suggests that fiscal redistribution, female labor force participation, productivity growth, FDI inflows, digitalization, and savings significantly drive inclusive growth. A scenario analysis based on our econometric results suggests that the implementation of fiscal redistribution and labor market-oriented structural reforms could help significantly accelerate inclusive growth in ASEAN.

Asia’s Quest for Inclusive Growth Revisited

Ms.Chie Aoyagi,Mr.Giovanni Ganelli
Asia s Quest for Inclusive Growth Revisited Book PDF

Author : Ms.Chie Aoyagi,Mr.Giovanni Ganelli
Publisher : International Monetary Fund
Page : 29 pages
File Size : 52,9 Mb
Release : 2015-02-26
Category : Business & Economics
ISBN : 9781498340144

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Asia’s Quest for Inclusive Growth Revisited by Ms.Chie Aoyagi,Mr.Giovanni Ganelli Pdf

Despite the rapid economic growth and poverty reduction, inequality in Asia worsened during last two decades. We focus on the determinants of growth inclusiveness and suggest options for reform. A cross cross-country empirical analysis suggests that fiscal redistribution, monetary policy aimed at macro stability, and structural reforms to stimulate trade, reduce unemployment and increase productivity are important determinants of inclusive growth. The main policy implication of our analysis is that there is still room to strengthen such policies in Asia to better achieve growth with shared prosperity. In particular, scenario simulations based on our results suggests that the effect of expanding fiscal redistribution on inclusive growth could be sizeable in emerging Asia, since the estimated improvement in our proxy of inclusive growth – a measure of growth in average income “corrected” for the equity impact—ranges from about 1 to about 8 percentage points.

Inclusive Growth

Rahul Anand,Mr.Saurabh Mishra,Mr.Shanaka J. Peiris
Inclusive Growth Book PDF

Author : Rahul Anand,Mr.Saurabh Mishra,Mr.Shanaka J. Peiris
Publisher : International Monetary Fund
Page : 27 pages
File Size : 40,7 Mb
Release : 2013-05-30
Category : Business & Economics
ISBN : 9781484369791

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Inclusive Growth by Rahul Anand,Mr.Saurabh Mishra,Mr.Shanaka J. Peiris Pdf

We estimate a unified measure of inclusive growth for emerging markets by integrating their economic growth performance and income distribution outcomes, using data over three decades. Country distributions are calibrated by combining PPP GDP per capita and income distribution from survey data. We apply the microeconomic concept of a social mobility function at the macroeconomic level to measure inclusive growth that is closer to the absolute definition of pro-poor growth. This dynamic measure permits us to focus on inequality as well as distinguish between countries where per capita income growth was the same for the top and the bottom of the income pyramid, by accounting for the pace of growth. Our results indicate that macroeconomic stability, human capital, and structural changes are foundations for achieving inclusive growth. The role of globalization could also be positive with foreign direct investment and trade openess fostering greater inclusiveness, while financial deepening and technological change have no discernible effect.

ASEAN, PRC, and India

Asian Development Bank,Asian Development Bank Institute
ASEAN PRC and India Book PDF

Author : Asian Development Bank,Asian Development Bank Institute
Publisher : Unknown
Page : 360 pages
File Size : 48,7 Mb
Release : 2014
Category : Business & Economics
ISBN : UCSD:31822038953659

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ASEAN, PRC, and India by Asian Development Bank,Asian Development Bank Institute Pdf

Asia's remarkable economic performance and transformation since the 1960s has shifted the center of global economic activity toward Asia, in particular toward the Association of Southeast Asian Nations (ASEAN) economies, the People's Republic of China, and India (collectively known as ACI). While these dynamic developing economies do not form any specific institutional group, they constitute very large economies and markets. These emerging Asian giants share common boundaries, opportunities, and challenges. Their trade, investment, production, and infrastructure already are significantly integrated and will become more so in the coming decades. This book focuses on the prospects and challenges for growth and transformation of the region's major and rapidly growing emerging economies to 2030. It examines the drivers of growth and development in the ACI economies and the factors that will affect the quality of development. It also explores the links among the ACI economies and how their links may shape regional and global competition and cooperation.

Human Capital Development in South Asia

Asian Development Bank
Human Capital Development in South Asia Book PDF

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 302 pages
File Size : 55,8 Mb
Release : 2017-12-01
Category : Business & Economics
ISBN : 9789292610395

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Human Capital Development in South Asia by Asian Development Bank Pdf

Human capital is an important factor for economic growth in South Asia. Between 1981 and 2010, human capital contributed about 22% of annual gross domestic product per worker growth in India. During the same period, it contributed around 21% in Bangladesh, and 16% in Sri Lanka. However, education and skills remain the binding constraint. Raising the quality of education and skills in South Asia's workforce can play a critical role in catching up to the level of development of the People's Republic of China, the Republic of Korea, and other successful Southeast Asian economies. This study reviews the development of human capital in South Asia and analyzes contributing factors to human development including policies and strategies that countries in South Asia follow.

Poverty Reduction Policies and Practices in Developing Asia

Almas Heshmati,Esfandiar Maasoumi,Guanghua Wan
Poverty Reduction Policies and Practices in Developing Asia Book PDF

Author : Almas Heshmati,Esfandiar Maasoumi,Guanghua Wan
Publisher : Springer
Page : 314 pages
File Size : 53,6 Mb
Release : 2015-03-31
Category : Business & Economics
ISBN : 9789812874207

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Poverty Reduction Policies and Practices in Developing Asia by Almas Heshmati,Esfandiar Maasoumi,Guanghua Wan Pdf

This book looks at the major policy challenges facing developing Asia and how the region sustains rapid economic growth to reduce multidimensional poverty through socially inclusive and environmentally sustainable measures. Asia is facing many challenges arising from population growth, rapid urbanization, provision of services, climate change and the need to redress declining growth after the global financial crisis. This book examines poverty and related issues and aims to advance the development of new tools and measurement of multidimensional poverty and poverty reduction policy analysis. The book covers a wide range of issues, including determinants and causes of poverty and its changes; consequences and impacts of poverty on human capital formation, growth and consumption; assessment of poverty strategies and policies; the role of government, NGOs and other institutions in poverty reduction; rural-urban migration and poverty; vulnerability to poverty; breakdown of poverty into chronic and transitory components; and a comparative study on poverty issues in Asia and other regions. The book will appeal to all those interested in economic development, resources, policies and economic welfare and growth.

Inequality, Inclusive Growth, and Fiscal Policy in Asia

Donghyun Park,Sang-Hyop Lee,Minsoo Lee
Inequality Inclusive Growth and Fiscal Policy in Asia Book PDF

Author : Donghyun Park,Sang-Hyop Lee,Minsoo Lee
Publisher : Routledge
Page : 320 pages
File Size : 43,9 Mb
Release : 2015-04-17
Category : Business & Economics
ISBN : 9781317530947

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Inequality, Inclusive Growth, and Fiscal Policy in Asia by Donghyun Park,Sang-Hyop Lee,Minsoo Lee Pdf

Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past 2 decades collectively account for over 80% of Asia’s population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy—public spending as well as taxes and other fiscal revenues—and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth, and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries, and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference for researchers, policy makers, and students as well.

Innovation in ASEAN

Vanessa Ratten
Innovation in ASEAN Book PDF

Author : Vanessa Ratten
Publisher : Springer Nature
Page : 121 pages
File Size : 53,7 Mb
Release : 2022-04-13
Category : Business & Economics
ISBN : 9789811906442

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Innovation in ASEAN by Vanessa Ratten Pdf

This book focuses on innovation in the ASEAN such as Brunei, Indonesia, Malaysia and Singapore to demonstrate that it is contextually different to other geographic regions due to the climate, government structure and history. This book shows that innovation develops based on cultural and societal conditions. The aim of this book is to focus on how innovation occurs in Brunei, Indonesia, Malaysia and Singapore. Thereby focusing on the unique country elements of each country but also exploring the integrated history of these countries. The book highlights these countries together due to Brunei and Singapore previously being part of Malaysia and the fact that they are in close geographic proximity. In addition, this book states that all countries share the same language (Bahasa Indonesia or Malay), which is a common cultural feature of these countries. In this book chapters focus on different forms of innovation from social to technological. Thereby offering a holistic perspective about how innovation occurs within and between these countries.

Growth and Productivity in Asean Countries

Mr. Michael Sarel
Growth and Productivity in Asean Countries Book PDF

Author : Mr. Michael Sarel
Publisher : International Monetary Fund
Page : 51 pages
File Size : 43,7 Mb
Release : 1997-08-01
Category : Business & Economics
ISBN : 9781451897784

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Growth and Productivity in Asean Countries by Mr. Michael Sarel Pdf

This study examines the nature of the growth process in the ASEAN countries, and particularly whether it has been generated primarily by more inputs or by productivity gains. It uses internationally comparable data and explores an alternative method for estimating the capital and labor factor shares. The results, contradicting some previous studies, indicate a very impressive growth rate of TFP in Singapore, Thailand, and Malaysia, a relatively strong rate for Indonesia, and a negative rate for the Philippines. This study argues that the results of previous studies were driven mainly by the fact that they relied on national accounts data for measures of various variables and, in particular, the factor income shares of capital and labor.

Poverty in the Philippines

Asian Development Bank
Poverty in the Philippines Book PDF

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 188 pages
File Size : 46,8 Mb
Release : 2009-12-01
Category : Social Science
ISBN : 9789292547417

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Poverty in the Philippines by Asian Development Bank Pdf

Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey.

Demystifying Rising Inequality in Asia

Bihong Huang,Peter J. Morgan,Naoyuki Yoshino
Demystifying Rising Inequality in Asia Book PDF

Author : Bihong Huang,Peter J. Morgan,Naoyuki Yoshino
Publisher : Unknown
Page : 250 pages
File Size : 43,9 Mb
Release : 2019-01-29
Category : Business & Economics
ISBN : 4899741014

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Demystifying Rising Inequality in Asia by Bihong Huang,Peter J. Morgan,Naoyuki Yoshino Pdf

Income inequality is one of the most profound social, economic, and political challenges of our time. The gap between the rich and the poor has been regarded as a major concern for policy makers. This gap is at its highest level in decades for developed economies, while the inequality trend has been rising in many developing countries. In Asia, despite recent economic growth, income distribution has been worsening as well. This book contributes to the existing literature on inequality in Asia by focusing on three broad themes, corresponding to three parts of the volume. Part I offers an overview of inequality in Asia, Part II focuses on the drivers of rising inequality in Asia, and Part III presents country case studies.

Competitive Cities in the 21st Century

Kyeong Ae Choe,Brian H. Roberts
Competitive Cities in the 21st Century Book PDF

Author : Kyeong Ae Choe,Brian H. Roberts
Publisher : Asian Development Bank
Page : 403 pages
File Size : 54,7 Mb
Release : 2011-10-01
Category : Political Science
ISBN : 9789290924319

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Competitive Cities in the 21st Century by Kyeong Ae Choe,Brian H. Roberts Pdf

Economic challenges in developing Asian countries have become more complex: urban populations are growing at great cost to the environment, climate change has increased risks of natural disasters, and income gaps within and between developing countries are widening. These factors threaten the sustainable growth and development of urban areas, the drivers of Asia's economy. A strategic approach for inclusive growth is needed. The City Cluster Economic Development approach provides a strategic framework and a set of analytical tools, which governments, businesses, and communities can use to support the inclusive and sustainable development of competitive urban economies in Asia. Said approach was developed and tested by the Asian Development Bank to improve the basis for integrated planning and development of urban regions in Asia and the Pacific. It also elps urban managers and other city stakeholders identify action plans and determine priority investment areas.

International Trade and Inclusive Economic Growth

Harold Delfin Angulo Bustinza
International Trade and Inclusive Economic Growth Book PDF

Author : Harold Delfin Angulo Bustinza
Publisher : Emerald Group Publishing
Page : 125 pages
File Size : 44,5 Mb
Release : 2024-05-03
Category : Business & Economics
ISBN : 9781837534722

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International Trade and Inclusive Economic Growth by Harold Delfin Angulo Bustinza Pdf

Advocating for the importance of promoting openness in trade, this book highlights China and Peru’s unique relationship to prioritise fair and equitable growth for all.

Infrastructure for Supporting Inclusive Growth and Poverty Reduction in Asia

Asian Development Bank
Infrastructure for Supporting Inclusive Growth and Poverty Reduction in Asia Book PDF

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 175 pages
File Size : 50,6 Mb
Release : 2012-05-01
Category : Business & Economics
ISBN : 9789290926177

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Infrastructure for Supporting Inclusive Growth and Poverty Reduction in Asia by Asian Development Bank Pdf

This publication summarizes the papers and presentations in Workshops on Economics of Infrastructure in a Globalized World, funded by the Asian Development Bank through a regional technical assistance project. The discussions at the conferences focused on three themes: (i) the role of infrastructure in supporting inclusive growth and poverty reduction; (ii) the need for appropriate soft infrastructure, including the policy environment and regulatory institutions; and (iii) the potential for public and private partnerships in infrastructure provision. Each theme elaborates the premise that extensive, efficient infrastructure services are essential drivers of economic growth and sustainable poverty reduction.

SME Policy Index: ASEAN 2018 Boosting Competitiveness and Inclusive Growth

OECD,Economic Research Institute for ASEAN and East Asia
SME Policy Index ASEAN 2018 Boosting Competitiveness and Inclusive Growth Book PDF

Author : OECD,Economic Research Institute for ASEAN and East Asia
Publisher : OECD Publishing
Page : 492 pages
File Size : 48,8 Mb
Release : 2018-09-01
Category : Electronic
ISBN : 9789264305328

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SME Policy Index: ASEAN 2018 Boosting Competitiveness and Inclusive Growth by OECD,Economic Research Institute for ASEAN and East Asia Pdf

The SME Policy Index is a benchmarking tool for emerging economies to monitor and evaluate progress in policies that support small and medium-sized enterprises.