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The Philippine EconomyDevelopment, Policies, and Challenges$
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Arsenio M. Balisacan and Hal Hill

Print publication date: 2003

Print ISBN-13: 9780195158984

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195158989.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 28 November 2021

Poverty and Inequality

Poverty and Inequality

Chapter:
(p.311) 10 Poverty and Inequality
Source:
The Philippine Economy
Author(s):

Arsenio M. Balisacan (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0195158989.003.0010

Examines the nature, pattern, characteristics, and causes of poverty and inequality in the Philippines over the last quarter‐century using comparable household data. The principal macro conclusion is that levels of poverty are highly growth‐sensitive. Since distribution does not change significantly in the short to medium term, this means that changes in the level of household income, which is affected by aggregate levels of economic activity, is the major proximate determinant of poverty. Apart from the economic growth, other factors – such as education, infrastructure, terms of trade, agrarian reform, governance, and certain geographic attributes – exert direct impact on the welfare of the poor. The chapter concludes with policy suggestions for winning the war against poverty.

Keywords:   decomposition, determinants, development planning, economic crisis, economic growth, income distribution, inequality, policy, poverty, welfare

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