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Patterns of Inclusive Growth in Developing Asia: Insights from an Enhanced Growth-Poverty Elasticity Analysis

dc.contributor.authorCielito F. Habito
dc.date.accessioned2015-04-10T10:16:41Z
dc.date.available2015-04-10T10:16:41Z
dc.date.issued2009-08-15
dc.identifier.urihttp://hdl.handle.net/11540/3733
dc.description.abstractThe primary objective of this research is to identify key factors that explain the observed wide variation in patterns of inclusiveness of economic growth—defined here as gross domestic product (GDP) growth that leads to significant poverty reduction—in Asia. In exploring this relationship, this study goes beyond defining poverty by the income or expenditure yardstick alone, but examines a more holistic measure of poverty that considers its multidimensional nature. Factors that influence the degree of poverty reduction that accompanies economic growth (herein referred to as the poverty elasticity of growth or PEG) include the sectoral composition of the economy and its growth; the nature, size, and pattern of public investments (particularly on social services and agriculture); and quality of governance. As construction of a consistent panel data set was beyond the time constraints for the study, PEG is calculated for Asian countries as an arc elasticity over the 1990–1996 and 2000–2006 periods, and analyzed against available measures of the above-named factors from statistics compiled by the Asian Development Bank (ADB), World Bank, and the United Nations Development Programme (UNDP). Pairwise analyses using scatterplots, simple regressions, and multiple regressions were employed to determine systematic relationships between the PEG and its likely determinants. Results affirmed the significant impact of quality of governance, public expenditures on social services, and contribution of agriculture to GDP growth, in that order of importance. There is likewise evidence that manufacturing growth has had a bearing on the inclusiveness of growth, especially in Southeast Asia in recent years. Results of the analysis also showed how dramatic differences in characterization of countries can result when a multidimensional poverty measure is employed rather than a unidimensional one based only on income or expenditure. This points to the need for a more holistic view and assessment of poverty when using it as a guide for various development interventions.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titlePatterns of Inclusive Growth in Developing Asia: Insights from an Enhanced Growth-Poverty Elasticity Analysis
dc.typeWorking Papers
dc.subject.expertPoverty Analysis
dc.subject.expertParticipatory Poverty Assessment
dc.subject.expertPoverty Reduction Strategy
dc.subject.expertExtreme Poverty
dc.subject.expertEconomic development
dc.subject.expertGrowth And Poverty
dc.subject.adbIncome Distribution
dc.subject.adbDemographic Indicators
dc.subject.adbSocial Justice
dc.subject.adbPrice stabilization
dc.subject.adbFood prices
dc.subject.adbPrice policy
dc.subject.naturalSocial change
dc.subject.naturalSocial accounting
dc.subject.naturalInequality of income
dc.subject.naturalEconomic growth
dc.subject.naturalQualilty of Life
dc.subject.naturalOpen price system
dc.subject.naturalPrice fixing
dc.subject.naturalPrice regulation
dc.subject.naturalConsumer price indexes
dc.title.seriesADBI Working Paper Series
dc.title.volume145
dc.contributor.imprintAsian Development Bank
oar.themePoverty
oar.themeEconomics
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-004245
oar.authorHabito, Cielito F.
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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