Sectoral composition of growth and poverty reduction in Vietnam
Main Article Content
Abstract
Abstract. This paper examines the impact of the sectoral composition of growth on poverty reduction in Vietnam during the period 1998-2008. It is found that an increase in the proportion of the agricultural sector will lead to a higher poverty rate and that economic growth has a positive impact on poverty reduction in Vietnam. These results support our hypothesis that the sectoral structure of economic growth affects poverty independentlyly of from overall economic growth. Moreover, these results also demonstrate that the process of restructuring the economy towards reducing the proportion of agriculture and increasing the share of industry will have a positive impact on poverty reduction in the future.
Keywords: Composition of growth, poverty reduction, Vietnam.References
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[17] Loayza, N., Raddatz, C., (2006), “The composition of growth matters for poverty alleviation”, World Bank Policy Research Working Paper 4077. World Bank, Washington D.C.
[18] Mellor, J., (1991),. “Agricultural links to Nonagricultural growth: urbanization, employment, poverty”., The Pakistan development Development reviews Reviews 30:4 pp. 439-456.
[19] Ravallion, M., (2001), “Growth, Inequality and Poverty: Looking beyond averagesAverages”, World Bank Policy Research Working Papers 2558.
[20] Ravallion, M., (2009), “Why don’t we see poverty convergence?” World Bank Policy Research Working Papers 4974.
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[22] Thu Huong Le, Winters, P., (2001), “Aid policies and poverty alleviation: the case of Vietnam”, Asian-pacific Pacific Development Journal.
[23] Vietnamese Academy of Social Sciences (VASS) ,(2007), Poverty update: report 2006. Poverty and poverty reduction in Vietnam 1993-2004, The National Political Publisher, Vietnam.
[24] Vietnamese Academy of Social Sciences (VASS), (2011), Poverty reduction in Vietnam: Achievements and Challenges, VASS group.
Vietnam Household Living Standard Survey 1998, 2002, 2004, 2006, 2008.
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[3] Bourguignon, F., (2004. ), The Poverty-Growth-Inequality Triangle, Mimeo, the The World Bank.
[4] Chen, S., Datt, G., Ravallion, M., (1993), “Is poverty increasing in the Developing World?”, World Bank Policy Research Working Papers 1146.
[5] Cowell, F. (1995), Measuring Inequality, London. Prentice Hall.
[6] Christiaensen, L., Demery, L., Kuhl, J., (2010), “The (Evolving) Role of Agriculture in Poverty Reduction, an empirical perspective”, Economic research for World Institute for Development, working paper 2010/36.
[7] Deaton, A., (1997), The Analysis of Household Surveys: A Microeconometric Approach to Development Policy, Johns Hopkins University Press, World Bank, Washinton D.C.
[8] Dollar, D. and Kraay, A., (2002), “Growth is Good for the Poor”, Journal of Economic Growth, 7, 195-225.
[9] Dewbre, J., Cervantes-Godoy, D., (2010), Economic importance of agriculture for poverty reduction Indonesia and Vietnam, Global Forum on Agriculture, Paris, 2010.
[10] Ferreira, H. G. and Ravallion, M., (2008), Global Poverty and Inequality: A Review of the Evidence, The World Bank, Development Research Group, Poverty Team, May 2008.
[11] GSO (1998, 2002, 2004, 2006, 2008, 2010), General Statistics Office of Vietnam, Online Database.
[12] Warr, G., (1999), Poverty reduction and sectoral growth, evidence from Southeast Asia, Australian National University, Canberra.
[13] Montalvo, J. G., and Ravallion, M., (2009), “The pattern Pattern of Growth and Poverty Reduction in China”, World Bank Policy Research Working Paper 5069.
[14] Ghosh, J., (2010), “Poverty reduction in China and India: Policy implications of recent trends”, DESA working paper No. 92 (ST/ESA/2010/DWP/92).
[15] Oshima, H. (1993), Strategic processes in Monsoon Asia’s economic development, The Johns Hopkins University Press, Baltimore.
[16] Le Quoc Hoi, (2008), The linkages Linkages between Growth, Poverty and Inequality in Vietnam: An empirical analysis, School of Economics, University of Adelaide, Australia.
[17] Loayza, N., Raddatz, C., (2006), “The composition of growth matters for poverty alleviation”, World Bank Policy Research Working Paper 4077. World Bank, Washington D.C.
[18] Mellor, J., (1991),. “Agricultural links to Nonagricultural growth: urbanization, employment, poverty”., The Pakistan development Development reviews Reviews 30:4 pp. 439-456.
[19] Ravallion, M., (2001), “Growth, Inequality and Poverty: Looking beyond averagesAverages”, World Bank Policy Research Working Papers 2558.
[20] Ravallion, M., (2009), “Why don’t we see poverty convergence?” World Bank Policy Research Working Papers 4974.
[21] Suryahadi, A., Suryadarma, D., Sumarto, S., (2008), The effects of location and sectoral components of economic growth on poverty, SMERU Research Institute, Jalan Pandeglang 10310, Indonesia.
[22] Thu Huong Le, Winters, P., (2001), “Aid policies and poverty alleviation: the case of Vietnam”, Asian-pacific Pacific Development Journal.
[23] Vietnamese Academy of Social Sciences (VASS) ,(2007), Poverty update: report 2006. Poverty and poverty reduction in Vietnam 1993-2004, The National Political Publisher, Vietnam.
[24] Vietnamese Academy of Social Sciences (VASS), (2011), Poverty reduction in Vietnam: Achievements and Challenges, VASS group.
Vietnam Household Living Standard Survey 1998, 2002, 2004, 2006, 2008.