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Poverty, Income Distribution, and Economic Policy in the Philippines
Author:
Mr. Philip R. Gerson
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Series:
IMF Working Papers
Volume/Issue:
Volume 1998: Issue 020
Language:
English
Publication Date:
01 Feb 1998
DOI:
https://doi.org/10.5089/9781451922196.001
ISBN:
9781451922196
ISSN:
1018-5941
Pages:
27
Keywords:
WP; poverty incidence; government expenditure; cost of capital; poverty rate; Poverty; Income Distribution; Philippines; land reform; distribution in the Philippines; increase equity; Personal income; East Asia
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Income distribution in the Philippines is highly uneven, and poverty rates are higher than in other ASEAN countries. In addition, although the poverty rate has declined over time, the rate of decline has been lower than in other countries, and income inequality has been persistent. These facts are due to historically slow economic growth, owing in part to poor policies, as well as to past failures to reduce structural impediments to a more equal distribution of income. Despite reforms in recent years, it will likely take some time to erase the effects of past policies.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund