Economic Growth and Poverty Reduction in Viet Nam

Arsenio Balisacan, Ernesto M. Pernia () and Gemma Esther B. Estrada ()
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Ernesto M. Pernia: Asian Development Bank
Gemma Esther B. Estrada: Asian Development Bank

No 42, ADB Economics Working Paper Series from 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.

Keywords: distributional factors; economic growth; poverty reduction; Viet Nam; welfare gains (search for similar items in EconPapers)
JEL-codes: I32 O11 O53 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2003-06-01
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