02039cas a2200253 a 4500 AALejournalIMF015053 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498340144 1018-5941 BD-DhAAL BD-DhAAL Aoyagi, Chie. Asia's Quest for Inclusive Growth Revisited / Chie Aoyagi, Giovanni Ganelli. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Despite the rapid economic growth and poverty reduction, inequality in Asia worsened during last two decades. We focus on the determinants of growth inclusiveness and suggest options for reform. A cross cross-country empirical analysis suggests that fiscal redistribution, monetary policy aimed at macro stability, and structural reforms to stimulate trade, reduce unemployment and increase productivity are important determinants of inclusive growth. The main policy implication of our analysis is that there is still room to strengthen such policies in Asia to better achieve growth with shared prosperity. In particular, scenario simulations based on our results suggests that the effect of expanding fiscal redistribution on inclusive growth could be sizeable in emerging Asia, since the estimated improvement in our proxy of inclusive growth - a measure of growth in average income 'corrected' for the equity impact-ranges from about 1 to about 8 percentage points. Mode of access: Internet Ganelli, Giovanni. IMF Working Papers; Working Paper ; No. 2015/042 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/042/001.2015.issue-042-en.xml IMF e-Library