{
  "title": "Determinants of Inclusive Growth in ASEAN",
  "publication": "IMF Working Papers, July 3, 2020",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview and objective",
      "content": "- Authors: Victoriia Alekhina, Giovanni Ganelli\n- Date: July 3, 2020\n- Objective: Identify factors that could contribute to more equally distributed growth in ASEAN.\n- Measurement: Inclusive growth is measured using a variable integrating per capita income growth and an equity index.\n- Method: Cross-country panel analysis of the impact of macro-structural factors on inclusive growth and its two components."
    },
    {
      "heading": "Key empirical findings",
      "content": "- Factors that significantly drive inclusive growth:\n  - Fiscal redistribution\n  - Female labor force participation\n  - Productivity growth\n  - FDI inflows\n  - Digitalization\n  - Savings\n- Historical context: Over the past decades ASEAN countries experienced rapid economic growth accompanied by a dramatic fall in poverty rates, but income inequality has not retreated."
    },
    {
      "heading": "Scenario analysis and policy implications",
      "content": "- Scenario analysis based on econometric results:\n  - The implementation of fiscal redistribution and labor market-oriented structural reforms could help significantly accelerate inclusive growth in ASEAN.\n- Policy areas highlighted:\n  - Fiscal policy (redistribution)\n  - Labor market policies to raise female labor force participation and enhance inclusiveness\n  - Policies to boost productivity, FDI inflows, digitalization, and savings"
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subject: Economic growth, Fiscal redistribution, Inclusive growth, Income distribution, Income inequality, National accounts, Personal income\n- Keywords: ASEAN country, Asia and Pacific, distribution data, East Asia, economic growth, Equity, Fiscal redistribution, GDP, Inclusive growth, income, income distribution, Income distribution, income inequality, Income inequality, income share, Inequality, inflation rate, per capita income, Personal income, simulation result, WP\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2020/07/03/determinants-of-inclusive-growth-in-asean-49547"
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    "Authors: Victoriia Alekhina, Giovanni Ganelli",
    "Published: July 3, 2020",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781513549194.001",
    "Authors: Victoriia Alekhina, Giovanni Ganelli",
    "Date: July 3, 2020",
    "Objective: Identify factors that could contribute to more equally distributed growth in ASEAN.",
    "Measurement: Inclusive growth is measured using a variable integrating per capita income growth and an equity index.",
    "Method: Cross-country panel analysis of the impact of macro-structural factors on inclusive growth and its two components.",
    "Factors that significantly drive inclusive growth:",
    "Historical context: Over the past decades ASEAN countries experienced rapid economic growth accompanied by a dramatic fall in poverty rates, but income inequality has not retreated.",
    "Scenario analysis based on econometric results:",
    "Policy areas highlighted:",
    "Subject: Economic growth, Fiscal redistribution, Inclusive growth, Income distribution, Income inequality, National accounts, Personal income",
    "Keywords: ASEAN country, Asia and Pacific, distribution data, East Asia, economic growth, Equity, Fiscal redistribution, GDP, Inclusive growth, income, income distribution, Income distribution, income inequality, Income inequality, income share, Inequality, inflation rate, per capita income, Personal income, simulation result, WP",
    "**Working Paper**"
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