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Determinants of Inclusive Growth in ASEAN

2020-07-03 Business & Economics
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Release : 2020-07-03
Genre : Business & Economics
Kind : eBook
Book Rating : 197/5 ( reviews)

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Book Synopsis Determinants of Inclusive Growth in ASEAN by : Victoriia Alekhina

Download or read book Determinants of Inclusive Growth in ASEAN written by Victoriia Alekhina. This book was released on 2020-07-03. Available in PDF, EPUB and Kindle. Book excerpt: 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

2015-02-26 Business & Economics
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Release : 2015-02-26
Genre : Business & Economics
Kind : eBook
Book Rating : 148/5 ( reviews)

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Book Synopsis Asia’s Quest for Inclusive Growth Revisited by : Ms.Chie Aoyagi

Download or read book Asia’s Quest for Inclusive Growth Revisited written by Ms.Chie Aoyagi. This book was released on 2015-02-26. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Poverty, Inequality, and Inclusive Growth in Asia

2011-10-01 Business & Economics
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Release : 2011-10-01
Genre : Business & Economics
Kind : eBook
Book Rating : 387/5 ( reviews)

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Book Synopsis Poverty, Inequality, and Inclusive Growth in Asia by : Juzhong Zhuang

Download or read book Poverty, Inequality, and Inclusive Growth in Asia written by Juzhong Zhuang. This book was released on 2011-10-01. Available in PDF, EPUB and Kindle. Book excerpt: While Asia’s growth record in recent decades is remarkable, it has been marred by rising inequalities. This book looks at recent trends of income and non-income inequalities in developing Asian countries, discusses their underlying driving forces, and examines key policy issues that need to be addressed to ensure that the benefits of growth will be more equitably shared in Asia. The book also presents a set of country studies that provide rich information on growth, poverty and inequality dynamics and the policy challenges that arise in marching toward inclusive growth.

Inequality, Inclusive Growth, and Fiscal Policy in Asia

2015-04-17 Business & Economics
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Release : 2015-04-17
Genre : Business & Economics
Kind : eBook
Book Rating : 942/5 ( reviews)

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Book Synopsis Inequality, Inclusive Growth, and Fiscal Policy in Asia by : Donghyun Park

Download or read book Inequality, Inclusive Growth, and Fiscal Policy in Asia written by Donghyun Park. This book was released on 2015-04-17. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Achieving Inclusive Growth in the Asia Pacific

2020-08-13 Business & Economics
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Release : 2020-08-13
Genre : Business & Economics
Kind : eBook
Book Rating : 825/5 ( reviews)

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Book Synopsis Achieving Inclusive Growth in the Asia Pacific by : Adam Triggs

Download or read book Achieving Inclusive Growth in the Asia Pacific written by Adam Triggs. This book was released on 2020-08-13. Available in PDF, EPUB and Kindle. Book excerpt: The world’s developed economies are experiencing a sharp backlash against globalisation, and it appears to be contagious. Will Asia catch it next? Asia has seen spectacular growth in recent decades. It has benefited substantially from global trade, finance, openness and the rules-based international order. But much of the growth Asia has enjoyed has not been shared. It has not been inclusive growth. Inequality in Asia is among the highest in the world. The richest man in Vietnam now earns more in a single day than the poorest person does in a decade. Asia has far to go in making its societies more inclusive to women, ethnic minorities and the LGBT community. How can Asia reduce inequality? What are the forces that determine whether growth in the Asia Pacific is inclusive or not? And what can be done to make Asia’s growth more inclusive in the future? This book brings together the region’s leading thinkers to explore how to change Asia’s trajectory, before it is too late. The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968.

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