Assessing Poverty and Distributional Impacts of the Global Crisis in the Philippines : A Microsimulation Approach

As the financial crisis has spread through the world, the lack of real-time data has made it difficult to track its impact in developing countries. This paper uses a micro-simulation approach to assess the poverty and distributional effects of the...

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Bibliographic Details
Main Authors:	Habib, Bilal, Narayan, Ambar, Olivieri, Sergio, Sanchez-Paramo, Carolina
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCESS TO ELECTRICITY ADVERSE IMPACT AGGREGATE POVERTY AGRICULTURAL EMPLOYMENT AGRICULTURAL OUTPUT AGRICULTURAL SECTOR AGRICULTURAL SECTORS AGRICULTURAL WORKERS AGRICULTURE AVERAGE HOUSEHOLD INCOME BASE YEAR BASIC FOOD BASKET BENCHMARK BUSINESS CYCLE CAPITAL REGION CHANGES IN POVERTY CHRONICALLY POOR CONSUMER PRICE INDEX CONSUMPTION DATA COUNTERFACTUAL CRISES DECLINE IN POVERTY DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT RESEARCH DISTRIBUTIONAL CHANGES DISTRIBUTIONAL EFFECTS DISTRIBUTIONAL IMPACT DOMESTIC CREDIT DRIVERS ECONOMETRICS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC SECTORS ECONOMICS ECONOMICS LETTERS ELASTICITY EMPLOYMENT GROWTH EMPLOYMENT OPPORTUNITIES EMPLOYMENT STATUS ERROR TERMS EXPORTS FINANCIAL CRISIS FISCAL POLICIES FOOD BASKET FOOD ITEMS FOOD PRICE FOOD PRICES GDP GINI COEFFICIENT GROWTH IMPACT GROWTH PROJECTIONS GROWTH RATE GROWTH RATES HIGH GROWTH HOUSEHOLD DATA HOUSEHOLD HEAD HOUSEHOLD HEAD AGE HOUSEHOLD HEADS HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD SIZE HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD VULNERABILITY HUMAN DEVELOPMENT IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME GROUPS INCOME INEQUALITY INCOME LEVELS INCOME POVERTY INCOME SHOCKS INEQUALITY INEQUALITY FALLS INFLATION RATE INFORMAL EMPLOYMENT LABOR DEMAND LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LABOR SUPPLY LAND OWNERSHIP MACROECONOMIC POLICIES MACROECONOMIC SHOCKS MICRO DATA OPEN UNEMPLOYMENT OUTPUT GROWTH OUTPUTS PER CAPITA INCOME POLICY MAKERS POLICY OPTIONS POLICY PERSPECTIVE POLICY REFORMS POLICY RESEARCH POLITICAL ECONOMY POLITICAL ECONOMY IMPLICATIONS POOR POOR HOUSEHOLDS POOR PEOPLE POOR REGIONS POORER GROUPS POVERTY ASSESSMENT POVERTY DATA POVERTY GAP POVERTY HEADCOUNT RATE POVERTY HEADCOUNT RATES POVERTY IMPACT POVERTY LINE POVERTY LINES POVERTY MEASURES POVERTY POVERTY POVERTY RATES POVERTY REDUCTION PRIMARY EDUCATION PUBLIC EMPLOYMENT PUBLIC INVESTMENT PUBLIC POLICIES PUBLIC POLICY PUBLIC PROGRAMS PUBLIC SECTOR REAL GDP REAL WAGES REASSIGNMENT REDUCTION IN POVERTY REGIONAL DISTRIBUTION REGIONAL DUMMIES REGIONAL GAPS REGIONAL GROWTH REGIONAL VARIATION RELATIVE IMPORTANCE RELATIVE INEQUALITY RELATIVE PRICES RURAL RURAL AREAS RURAL HOUSEHOLD RURAL HOUSEHOLD INCOME RURAL HOUSEHOLDS RURAL POVERTY RURAL POVERTY RATE RURAL POVERTY RATES SAFETY SAFETY NET SAFETY NET PROGRAMS SECTORAL COMPOSITION SIGNIFICANT FACTOR SIGNIFICANT IMPACT SOCIAL SECURITY SPATIAL DIFFERENCES UNEMPLOYED UNEMPLOYMENT URBAN AREAS URBAN POOR URBAN POVERTY URBAN REGION URBAN REGIONS URBAN WORKERS URBANIZED REGIONS VULNERABLE GROUPS VULNERABLE HOUSEHOLDS WELFARE IMPACT
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100428154159 http://hdl.handle.net/10986/3773

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Summary:	As the financial crisis has spread through the world, the lack of real-time data has made it difficult to track its impact in developing countries. This paper uses a micro-simulation approach to assess the poverty and distributional effects of the crisis in the Philippines. The authors find increases in both the level and the depth of aggregate poverty. Income shocks are relatively large in the middle part of the income distribution. They also find that characteristics of people who become poor because of the crisis are different from those of both chronically poor people and the general population. The findings can be useful for policy makers wishing to identify leading monitoring indicators to track the impact of macroeconomic shocks and to design policies that protect vulnerable groups.

Assessing Poverty and Distributional Impacts of the Global Crisis in the Philippines : A Microsimulation Approach

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