It is widely recognized that trade credit is an important financial mechanism, particularly in developing economies and transition economies where institutions are weak. This paper documents theoretical analysis and empirical accounts on what facilitates an effective supply of trade credit based...

The main driver of poverty reduction has shifted from agricultural to non-agricultural income growth in rural Philippines in the past two decades. Agricultural growth is still relatively more important (vis-à-vis non-agricultural growth), however, in reducing rural poverty in relatively more...

Despite the large and expanding literature on pro-poor growth, quantitative studies identifying policy levers leading to pro-poor growth remain scarce, and this paper addresses this lacuna in the literature. The main driver of rural poverty reduction shifted from agricultural to non-agricultural...

Key issues in the empirical study on growth are addressed using provincial data in the Philippines. We find a high rate of absolute convergence, a positive relationship between inequality and growth, and a positive relationship between political competitiveness and growth

Key issues in the empirical study on growth are addressed using provincial data in the Philippines. We find a high rate of absolute convergence, a positive relationship between inequality and growth, and a positive relationship between political competitiveness and growth

This paper analyzes the processes of growth and poverty reduction simultaneously under a neoclassical growth model framework, using provincial data from the Philippines. We obtain a high rate of provincial income convergence and a trade-off between equity and growth. The lack of political...