Poverty, Income Distribution, and Economic Policy in the Philippines
IMF Working Papers, February 1, 1998
Source details
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- Poverty, Income Distribution, and Economic Policy in the Philippines
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Bibliographic details
- Authors: Philip R. Gerson
- Published: February 1, 1998
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451922196.001
Main findings
- Income distribution in the Philippines is highly uneven.
- Poverty rates in the Philippines are higher than in other ASEAN countries.
- The poverty rate has declined over time, but the rate of decline has been lower than in other countries.
- Income inequality has been persistent.
- These outcomes are attributed to historically slow economic growth, owing in part to poor policies and 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.
Analysis of causes
- Historically slow economic growth is identified as a central factor contributing to high poverty and persistent inequality.
- Poor policies are cited as part of the reason for slow growth.
- Past failures to reduce structural impediments have contributed to an unequal distribution of income.
- Recent reforms are noted, but their effects are considered insufficient to quickly reverse legacy impacts.
Subjects and keywords (as provided)
- Subjects: Education, Expenditure, Income distribution, National accounts, Personal income, Poverty
- Keywords: cost of capital, distribution in the Philippines, East Asia, government expenditure, Income Distribution, increase equity, land reform, Personal income, Philippines, Poverty, poverty incidence, poverty rate, WP
Content in this bundle
- Poverty, Income Distribution, and Economic Policy in the Philippines - WP/98/20