El Niño or El Peso? Crisis, Poverty and Income Distribution in the Philippines

• Published in: World development Vol. 31; no. 7; pp. 1103 - 1124
• Main Authors: Datt, Gaurav, Hoogeveen, Hans
• Format: Journal Article
• Language: English
• Published: Oxford Elsevier Ltd 01.07.2003; Elsevier; Pergamon Press Inc
• Series: World Development
• Subjects: Asian crisis; Consumption; Currencies; Development studies; Economic Crises; Economic crisis; Economic theory; Financial crisis; Households; Impact analysis; Income Distribution; Monetary policy; Natural Disasters; Ocean currents; Philippines; Poverty; Standard of Living; Studies; Philippines; D31; Philippines; I32; Asian crisis; poverty; O53; income distribution

Using household survey data for 1998, this paper assesses the distributional impact of the recent economic crisis in the Philippines. The results suggest that the impact of the crisis was modest, leading to a 5% reduction in average living standards and a 9% increase in the incidence of poverty, wit...