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Economic Growth and Poverty Reduction in Viet Nam

Author

Listed:
  • Balisacan, Arsenio M.

    (University of the Philippines)

  • Pernia, Ernesto M.

    (Asian Development Bank)

  • Estrada, Gemma Esther B.

    (Asian Development Bank)

Abstract

Viet Nam's dramatic transition and growth in the 1990s have been attributed to a series of reforms, known as doi moi, which began in the late 1980s. Economic growth at nearly 8% yearly appeared broad-based, thus benefiting the poor and reducing poverty from 61% in 1993 to 37% in 1998. Analysis of provincial panel data suggests that the proportionate increases in the incomes of the poorest quintile were appreciably larger than those of the top 20 or 40% of the population. This result is at variance with typical findings for other countries, which indicate that welfare gains from growth are smallest for the lowest quintile and rise with income group. The results for Viet Nam suggest that the faster the growth rate, the lesser becomes the role of distributive factors that directly influence the poor's well-being. Still, these factors could contribute to reinforcing both growth and poverty reduction in the long run.

Suggested Citation

  • Balisacan, Arsenio M. & Pernia, Ernesto M. & Estrada, Gemma Esther B., 2003. "Economic Growth and Poverty Reduction in Viet Nam," ADB Economics Working Paper Series 42, Asian Development Bank.
  • Handle: RePEc:ris:adbewp:0042
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    Citations

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    Cited by:

    1. R Gaiha & K Imai & M A Nandhi, 2005. "Millennium Development Goal of Halving Poverty in Asia and the Pacific Region: Progress, Prospects and Priorities," Economics Discussion Paper Series 0507, Economics, The University of Manchester.
    2. Klump, R. & Prüfer, P., 2006. "Prioritizing Policies for Pro-Poor Growth : Applying Bayesian Model Averaging to Vietnam," Discussion Paper 2006-117, Tilburg University, Center for Economic Research.
    3. Bruno Arpino & Arnstein Aassve, 2014. "The role of villages in households’ poverty exit: evidence from a multilevel model for rural Vietnam," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(4), pages 2175-2189, July.
    4. Doner, Richard, 2012. "Success as Trap? Crisis Response And Challenges To Economic Upgrading in Export-Oriented Southeast Asia," Working Papers 45, JICA Research Institute.
    5. Klump, Rainer & Prüfer, Patricia, 2005. "How to prioritise policies for poverty reduction: Applying Bayesian Model Averaging to Vietnam," Proceedings of the German Development Economics Conference, Kiel 2005 27, Verein für Socialpolitik, Research Committee Development Economics.
    6. Katsushi Imai & Raghav Gaiha & Woojin Kang, 2011. "Vulnerability and poverty dynamics in Vietnam," Applied Economics, Taylor & Francis Journals, vol. 43(25), pages 3603-3618.

    More about this item

    Keywords

    distributional factors; economic growth; poverty reduction; Viet Nam; welfare gains;
    All these keywords.

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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