Who Gained from Vietnam's Boom in the 1990s? : An Analysis of Poverty and Inequality Trends
The authors assess the extent to which Vietnam's rapid economic growth in the 1990s was accompanied by reductions in poverty. They also investigate factors that contribute to certain households benefiting more than others. Using information fr...
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Language: | English en_US |
Published: |
World Bank, Washington, DC
2015
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2000/01/438991/gained-vietnams-boom-1990s-analysis-poverty-inequality-trends http://hdl.handle.net/10986/22283 |
Summary: | The authors assess the extent to which
Vietnam's rapid economic growth in the 1990s was accompanied
by reductions in poverty. They also investigate factors that
contribute to certain households benefiting more than
others. Using information from two household surveys, the
Vietnam Living Standards Surveys (VNLSS) for 1992-93 and
1997-98, they show that Vietnam's gains in poverty reduction
were striking during this period, and that the country's
impressive growth has been fairly broad-based. After
discussing descriptive statistics for both years, the
authors examine factors contributing to poverty reduction
using both simple decomposition analysis, and a multinomial
logit model. The results show that: 1) returns to education
increased significantly during this period, particularly for
higher levels of education. 2) Location significantly
affected a households probability of escaping poverty during
this period. Urban households enjoyed a greater reduction in
poverty than did rural households, and households residing
in the Red River Delta, and the southeast were also better
able to take advantage of new opportunities. 3) White-collar
households benefited most, and agricultural laborers the
least. However, Vietnam cannot afford to be complacent, as
nearly half its rural population lives below the poverty
line, poverty rates among ethnic minorities remain very
high, and natural calamities are a serious impediment to
poverty reduction. |
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