| Description |
1 online resource (29 pages) : color illustrations |
| Series |
IMF working paper, 1018-5941 ; WP/15/42 |
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IMF working paper ; WP/15/42.
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| Contents |
Cover Page; Title Page; Copyright Page; Contents; Appendix; Tables; I. Introduction; II. Inclusive Growth in Asia: Trends and Stylized Facts; A. Poverty; B. Equality; C. Growth Inclusiveness; III. Determinants of Inclusive Growth: Literature Review; A. Fiscal Policy; B. Monetary Policy; C. Structural Policies; IV. Determinants of Inclusive Growth: Empirical Results; Table 1. Determinants of Inclusive Growth in a Panel of Countries: Regression Results; Table 2. Determinants of Inclusive Growth in a Panel of Countries: Alternative Specifications; V. Inclusive Growth Policies in Asia |
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Table 3. Estimated Policy Effects of Fiscal Redistribution on Inclusive GrowthVI. Conclusions; A. Measure of Inclusive Growth; B. Benchmark Model; References; Footnotes |
| Summary |
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. --Abstract |
| Notes |
"February 2015." |
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"Asia and Pacific Department." |
| Bibliography |
Includes bibliographical references (pages 27-29) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed March 3, 2015) |
| Subject |
Economic development -- Asia
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Income distribution -- Asia
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Poverty -- Asia
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Fiscal policy -- Asia
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Monetary policy -- Asia
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Structural adjustment (Economic policy) -- Asia
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Economic development
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Fiscal policy
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Income distribution
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Monetary policy
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Poverty
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Structural adjustment (Economic policy)
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Asia
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| Form |
Electronic book
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| Author |
Ganelli, Giovanni.
|
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International Monetary Fund. Asia and Pacific Department.
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| ISBN |
9781498394246 |
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1498394248 |
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1498303706 |
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9781498303705 |
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1498340148 |
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9781498340144 |
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