The Distributional Effect Of Social Welfare Spending In An Economy Evidence From Thailand


The Distributional Effect Of Social Welfare Spending In An Economy Evidence From Thailand
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The Distributional Effect Of Social Welfare Spending In An Economy Evidence From Thailand


The Distributional Effect Of Social Welfare Spending In An Economy Evidence From Thailand
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Author : Joseph Ato Forson
language : en
Publisher: GRIN Verlag
Release Date : 2013-03-15

The Distributional Effect Of Social Welfare Spending In An Economy Evidence From Thailand written by Joseph Ato Forson and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-15 with Business & Economics categories.


Research Paper (undergraduate) from the year 2013 in the subject Economics - Case Scenarios, grade: A, , course: Fiscal and Monetary Policy Analysis and Management, language: English, abstract: This paper attempts to test the validity of public welfare spending theories (compensation theory, system theory, median voter theory, group theory, Incrementalism and some variants of public choice theory) in the context of Thailand. The study make use of GDP, previous welfare spending, increases in population, tax revenue, openness to trade, democratic government, labour union, trade association, urbanisation and welfare spending as a share of GDP over the period 1982 – 2007. We found strong and positive link between globalisation, GDP, tax revenue, labour union and previous welfare spending with Thailand welfare spending. These increases will invariably call for increased access to education, health care systems and other related welfare spending which means, the revenue base has to be increased through tax. We therefore recommend Thai Government to undertake reform in the tax system to broaden the tax net. Also, land and property tax systems ought to be reformed as well to extend coverage. We also recommend the stimulation of domestic demand in Thailand to reduce the over reliance on the international market which exposes countries to high end risks and uncertainties. The falling population growth in Thailand could also spell a doom to Thai’s labour supply. Thailand currently relies on immigrant workers from neigbouring countries like Myanmar, Laos, Vietnam and Burma. As the economic conditions in these countries improve, these immigrant workers might return. This will create a shortage in the supply needs to cater for the ever increasing demand propelled by the continuous industralisation of the Thai economy. Policy decision makers should factor this in their subsequent decision to mitigate this effect in the near future.



Inequality Inclusive Growth And Fiscal Policy In Asia


Inequality Inclusive Growth And Fiscal Policy In Asia
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Author : Donghyun Park
language : en
Publisher: Routledge
Release Date : 2015-04-17

Inequality Inclusive Growth And Fiscal Policy In Asia written by Donghyun Park and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-17 with Business & Economics categories.


Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past 2 decades collectively account for over 80% of Asia’s population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy—public spending as well as taxes and other fiscal revenues—and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth, and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries, and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference for researchers, policy makers, and students as well.



Public Spending And The Poor


Public Spending And The Poor
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Author : Dominique Van de Walle
language : en
Publisher: World Bank Publications
Release Date : 1995

Public Spending And The Poor written by Dominique Van de Walle and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.


The book offers a critical assessment of the state of current knowledge on the distributional impacts of public spending for developing and transition countries. It focuses on the distribution of benefits from spending categories that have traditionally been seen as pro-poor, including education and health expenditures, food subsidies, cash transfers, and public employment schemes.



The Poverty And Distributional Impacts Of Carbon Pricing Channels And Policy Implications


The Poverty And Distributional Impacts Of Carbon Pricing Channels And Policy Implications
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Author : Baoping Shang
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-25

The Poverty And Distributional Impacts Of Carbon Pricing Channels And Policy Implications written by Baoping Shang and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-25 with Business & Economics categories.


Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.



Poverty In The Philippines


Poverty In The Philippines
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2009-12-01

Poverty In The Philippines written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-01 with Social Science categories.


Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey.



Wage Led Growth


Wage Led Growth
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Author : Engelbert Stockhammer
language : en
Publisher: Springer
Release Date : 2013-12-03

Wage Led Growth written by Engelbert Stockhammer and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-03 with Business & Economics categories.


This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.



Causes And Consequences Of Income Inequality


Causes And Consequences Of Income Inequality
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Author : Ms.Era Dabla-Norris
language : en
Publisher: International Monetary Fund
Release Date : 2015-06-15

Causes And Consequences Of Income Inequality written by Ms.Era Dabla-Norris and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-15 with Business & Economics categories.


This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.



The Future Of Social Protection What Works For Non Standard Workers


The Future Of Social Protection What Works For Non Standard Workers
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2018-11-07

The Future Of Social Protection What Works For Non Standard Workers written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-07 with categories.


Social protection systems are often still designed for the archetypical full-time dependent employee. Work patterns deviating from this model – be it self-employment or online "gig work" – can lead to gaps in social protection coverage. Globalisation and digitalisation are likely to exacerbate ...



Equity And Well Being


Equity And Well Being
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Author : Hyun Hwa Son
language : en
Publisher: Routledge
Release Date : 2013-04-03

Equity And Well Being written by Hyun Hwa Son and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-03 with Business & Economics categories.


Equity is an abstract concept covering philosophical issues such as fairness and social justice, making its definition and measurement complex. This volume tackles these complexities head-on. The book is enriched with many empirical analyses and provides a comprehensive analysis of equity ranging from concepts and measurements to empirical illustrations and policy implications. After an extensive discussion on equity in the introduction, this volume begins with a chapter on well-being where the concepts of functioning and capability are discussed. This is followed by a few chapters on what an equitable distribution is and how equity can be measured. The volume then provides a definition and a methodology to measure equitable growth, examining the relationship between growth, inequality, and poverty. It also presents various empirical illustrations and country-specific experiences with three country case studies which assess whether publicly provided health and education services are equitable in developing Asia, examining the extent to which these social services favor the poor as well as the policy challenges to a more equitable delivery of these services. Finally, these country studies provide evidence–based policy recommendations to improve equity in social service delivery in developing countries. Achieving social equity has long been an important policy goal. There are relatively few studies on equity. This book aims to help fill this gap with an in-depth analysis of the issues associated with equity, covering its concept, measurement, and policy practices and implications.



Distributional Effects Of Monetary Policy


Distributional Effects Of Monetary Policy
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Author : Valentina Bonifacio
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-30

Distributional Effects Of Monetary Policy written by Valentina Bonifacio and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-30 with Business & Economics categories.


As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have grown. But rising inequality has multiple causes and its relationship with monetary policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth distribution, and presents some quantitative findings about their importance. Key takeaways are: (i) central banks should remain focused on macro stability while continuing to improve public communications about distributional effects of monetary policy, and (ii) supportive fiscal policies and structural reforms can improve macroeconomic and distributional outcomes.