Poverty Impact of the Economic Slowdown in Developing Asia: Some Scenarios
Rana Hasan,
Maria Rhoda Magsombol and
Jewelwayne Cain
Additional contact information
Maria Rhoda Magsombol: Asian Development Bank
No 153, ADB Economics Working Paper Series from Asian Development Bank
Abstract:
This paper uses the empirical relationship between economic growth and poverty reduction observed between 1990 and 2005 and different scenarios for economic growth to get a sense of how the economic slowdown in the region will affect the incidence of poverty. Since most countries that we work with in this paper experience an increase in gross domestic product per capita even under our “low growth” scenario, poverty in developing Asia continues to decline in 2009 and 2010. What gets adversely affected, however, is the pace of poverty reduction. In particular, our estimates indicate that a reduction in growth of GDP per capita of 3 percentage points over growth registered in 2007—a year of high growth for many Asian developing countries—would result in almost 61 million additional $1.25/day poor in 2009 and 98 million additional poor in 2010 as compared to a baseline scenario of no economic slowdown.
Pages: 15 pages
Date: 2009-04
New Economics Papers: this item is included in nep-dev
References: Add references at CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
https://www.adb.org/publications/poverty-impact-ec ... -asia-some-scenarios Full text (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0153
Access Statistics for this paper
More papers in ADB Economics Working Paper Series from Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines. Contact information at EDIRC.
Bibliographic data for series maintained by Orlee Velarde (econwp@adb.org).