Cover IMF Working Papers
Buy Book in Print
Determinants of Inclusive Growth in ASEAN
Author:
Victoriia Alekhina null

Search for other papers by Victoriia Alekhina in
Current site
Google Scholar Close
and
Mr. Giovanni Ganelli
Search for other papers by Mr. Giovanni Ganelli in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2020: Issue 118
Language:
English
Publication Date:
03 Jul 2020
DOI:
https://doi.org/10.5089/9781513549194.001
ISBN:
9781513549194
ISSN:
1018-5941
Pages:
39
Keywords:
WP; income; ASEAN country; per capita income; GDP; income share; income distribution; distribution data; economic growth; income inequality; Inclusive growth; Income inequality; Personal income; Income distribution; Fiscal redistribution; East Asia; Asia and Pacific; Inequality; Equity; inflation rate; simulation result
Legal-disclaimer:
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.
Download PDF (1.4 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund