Poverty, Inequality, and Growth in the Philippines
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Recent research suggests that economic growth is key to poverty reduction in developing countries. Some results indicate that the growth-poverty relationship is invariant to economic cycles, i.e., whether the economy is expanding or contracting (Dollar and Kraay 2001). From a policy perspective, this suggests that poverty reduction involves nothing more than creating an environment conducive to rapid economic growth. Indeed, Bhalla (2001) asserts that “growth is sufficient.”
KeywordsCapita Expenditure Poverty Reduction Income Growth Consumption Expenditure Farm Size
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