TY  - BOOK
AU  - Aoyagi,Chie
AU  - Ganelli,Giovanni
TI  - Asia's Quest for Inclusive Growth Revisited
T2  - IMF Working Papers; Working Paper
SN  - 1498340148 :
SN  - 1018-5941
PY  - 2015///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Economic Growth of Open Economies
KW  - imf
KW  - Equity
KW  - Gini Index
KW  - Growth
KW  - Inequality
KW  - Justice
KW  - China, People's Republic of
KW  - Thailand
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/22383-9781498340144/22383-9781498340144/22383-9781498340144.xml
UR  - http://www.imfbookstore.org/IMFORG/9781498340144
ER  -