2020
DOI: 10.5089/9781513549194.001
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Determinants of Inclusive Growth in ASEAN

Abstract: 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. To measure inclusive growth, we use a variable integrating per capita income growth and an equity index. A cross-country panel analysis of the impact of macro-structural factors on inclusive growth and its two components suggests that fis… Show more

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Cited by 9 publications
(6 citation statements)
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“…However, this is contrary to the view of Alekhina and Ganelli (2020) that inclusive economic growth is more influenced by equitable and proportional fiscal redistribution factors. Fiscal policy is seen as more effective in creating more distributive economic growth because the policy has a wider scope to intervene in development.…”
Section: Literature Reviewcontrasting
confidence: 72%
“…However, this is contrary to the view of Alekhina and Ganelli (2020) that inclusive economic growth is more influenced by equitable and proportional fiscal redistribution factors. Fiscal policy is seen as more effective in creating more distributive economic growth because the policy has a wider scope to intervene in development.…”
Section: Literature Reviewcontrasting
confidence: 72%
“…The growth in the money supply and domestic credit to the private sector has a significant effect on inclusive growth in Pakistan. This research method was also used by Alekhina & Ganelli (2020) in ASEAN countries. The results showed that ASEAN countries had not experienced inclusive growth.…”
Section: Introductionmentioning
confidence: 99%
“…The authors of this study estimated the growth factors conducive to inclusive growth, selecting not only monetary and fiscal factors for the model, but also structural policy factors, such as the labor market, efficiency, digitization, or FDI. Moreover, they used the inclusive growth measure based on the combination of growth of income per capita and income distribution changes into a unified inclusive growth index [21]. Inclusive growth ratio, broken down into an increase in the equity ratio and an increase in GDP per capita, shows whether inclusive growth is stimulated by income or factors measuring equality in society [21][22][23][24].…”
Section: Literature Reviewmentioning
confidence: 99%