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Going Beyond Cross-Country Averages

其他書名	Growth, Inequality and Poverty Reduction in the Philippines
出版	SSRN, 2014
URL	http://books.google.com.hk/books?id=wTfbzwEACAAJ&hl=&source=gbs_api

註釋This paper analyzes the processes of growth and poverty reduction simultaneously under a neoclassical growth model framework, using provincial data from the Philippines. We obtain a high rate of provincial income convergence and a trade-off between equity and growth. The lack of political competition inhibits growth. Land reform is positively associated with growth and poverty reduction while higher agricultural terms of trade facilitate poverty reduction. The 'growth elasticity of poverty reduction' is low by international standards but is sensitive to sectoral income composition and initial conditions in poverty incidence, mortality rate and irrigation coverage.