Economic Growth and Poverty Reduction in Viet Nam
Balisacan, Arsenio M.; Pernia, Ernesto M.; Estrada, Gemma Esther B. | June 2003
Abstract
Viet Nam’s dramatic transition and growth in the 1990s have been attributed to a
series of reforms, known as doi moi, which began in the late 1980s. Economic growth at
nearly 8 percent yearly appeared broad-based, thus benefiting the poor and reducing
poverty from 61 percent in 1993 to 37 percent in 1998. Analysis of provincial panel data
suggests that the proportionate increases in the incomes of the poorest quintile were
appreciably larger than those of the top 20 or 40 percent of the population. This result is
at variance with typical findings for other countries, which indicate that welfare gains
from growth are smallest for the lowest quintile and rise with income group. The results
for Viet Nam suggest that the faster the growth rate, the lesser becomes the role of
distributive factors that directly influence the poor’s well-being. Still, these factors could
contribute to reinforcing both growth and poverty reduction in the long run.
Citation
Balisacan, Arsenio M.; Pernia, Ernesto M.; Estrada, Gemma Esther B.. 2003. Economic Growth and Poverty Reduction in Viet Nam. © Asian Development Bank. http://hdl.handle.net/11540/1530.ISSN
1655-5252
Keywords
Economic Welfare
Economic Incentives
Social condition
Economic dependence
Economic assistance
Welfare economics
Welfare state
Poor
Food relief
Poverty
Domestic economic assistance
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Citable URI
http://hdl.handle.net/11540/1530Metadata
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