Publication:
The Impact of the Financial Crisis on Poverty and Income Distribution in Mongolia

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-06-27T20:44:54Z
dc.date.available2017-06-27T20:44:54Z
dc.date.issued2011-03-07
dc.description.abstractThe financial crisis of 2008-09 has considerably slowed the pace of economic growth in Mongolia. When combined with the Dzud (severe winter storm) of 2009-10, which occurred just as the economy was beginning to recover and killed over one million heads of livestock, the slowdown is likely to have significant impacts on poverty as well as the distribution of income and consumption among the poor and non-poor. In this paper we examine the poverty and distributional impacts of the crisis in Mongolia, relying on predictions from a simulation model based on pre-crisis data, given that household data to measure impacts during and after the crisis is unavailable. It is difficult to predict the distributional impacts of the financial crisis with a high degree of confidence. Evidence from previous crises suggests that relative inequality falls about as often as it rises during aggregate contractions (Paci et al, 2008). Furthermore, as the crisis spreads within a country (through adjustments in domestic credit and labor markets and fiscal policies), its impacts across different groups, sectors or areas became all the more difficult to track. The paper is structured as follows. Section two outlines the basic methodological approach used to create the simulation results used here. Section three discusses the macroeconomic projections that are used as inputs into the model. Sections four and five examine the model's projections for poverty and distributional impacts respectively, section six discusses the impact of Dzud (severe winter) and section seven concludes.en
dc.identifierhttp://documents.worldbank.org/curated/en/903881468148520922/The-impact-of-the-financial-crisis-on-poverty-and-income-distribution-in-Mongolia
dc.identifier.doi10.1596/27400
dc.identifier.urihttps://hdl.handle.net/10986/27400
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectADVERSE IMPACT
dc.subjectAGGREGATE EMPLOYMENT
dc.subjectAGRICULTURAL EMPLOYMENT
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL SECTOR
dc.subjectANNUAL GROWTH
dc.subjectAVERAGE INCOME
dc.subjectBASE YEAR
dc.subjectBENCHMARK
dc.subjectBUSINESS CYCLE
dc.subjectCASH TRANSFERS
dc.subjectCHRONICALLY POOR
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION LEVELS
dc.subjectCOUNTERFACTUAL
dc.subjectCRISES
dc.subjectDATA SET
dc.subjectDEMOGRAPHIC CHANGES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT INSTITUTIONS
dc.subjectDISTRIBUTIONAL CHANGES
dc.subjectDISTRIBUTIONAL IMPACT
dc.subjectDISTRIBUTIONAL MEASURES
dc.subjectDRIVERS
dc.subjectECONOMETRICS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICY
dc.subjectELASTICITY
dc.subjectEMPLOYMENT GROWTH
dc.subjectEMPLOYMENT IN AGRICULTURE
dc.subjectEMPLOYMENT INCOME
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectEMPLOYMENT STATUS
dc.subjectEXPORTS
dc.subjectEXTREME POVERTY
dc.subjectFARMERS
dc.subjectFINANCIAL CRISIS
dc.subjectFISCAL POLICIES
dc.subjectFOOD BASKET
dc.subjectFOOD BUNDLE
dc.subjectFOOD PRICES
dc.subjectGDP
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGENERAL EQUILIBRIUM MODELS
dc.subjectGLOBAL ECONOMY
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectHIGH GROWTH
dc.subjectHIGH INFLATION
dc.subjectHISTORICAL DATA
dc.subjectHOUSEHOLD DATA
dc.subjectHOUSEHOLD HEADS
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SIZE
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD WELFARE
dc.subjectIMPACT ON POVERTY
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GAINS
dc.subjectINCOME GROUPS
dc.subjectINCOME GROWTH
dc.subjectINCOME LEVEL
dc.subjectINEQUALITY
dc.subjectINFLATION RATE
dc.subjectINTERVENTION
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR SUPPLY
dc.subjectLOW INCOME
dc.subjectMACROECONOMIC IMPLICATIONS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC SHOCKS
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMEASUREMENT ERROR
dc.subjectMIDDLE CLASS
dc.subjectNEGATIVE GROWTH
dc.subjectNEGATIVE IMPACT
dc.subjectNEW POOR
dc.subjectOUTPUTS
dc.subjectPER CAPITA CONSUMPTION
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY OPTIONS
dc.subjectPOLICY REFORMS
dc.subjectPOOR
dc.subjectPOOR HOUSEHOLD
dc.subjectPOPULATION GROWTH
dc.subjectPOVERTY ESTIMATES
dc.subjectPOVERTY GAP
dc.subjectPOVERTY HEADCOUNT
dc.subjectPOVERTY HEADCOUNT RATES
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY LINE
dc.subjectPOVERTY MEASURES
dc.subjectPOVERTY RATE
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE CHANGES
dc.subjectPROBABILITY
dc.subjectPRODUCTIVE ASSETS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC EMPLOYMENT
dc.subjectPUBLIC SECTOR
dc.subjectRAPID INCREASE
dc.subjectREAL GDP
dc.subjectREAL WAGES
dc.subjectREASSIGNMENT
dc.subjectREDUCING POVERTY
dc.subjectRELATIVE IMPORTANCE
dc.subjectRELATIVE PRICES
dc.subjectRENTS
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL HOUSEHOLD
dc.subjectRURAL HOUSEHOLDS
dc.subjectRURAL INCOME
dc.subjectRURAL POOR
dc.subjectSAFETY
dc.subjectSAFETY NET
dc.subjectSAFETY NET PROGRAMS
dc.subjectSAVINGS
dc.subjectSECTOR EMPLOYMENT
dc.subjectSIGNIFICANT IMPACT
dc.subjectSKILL LEVEL
dc.subjectSKILL WORKERS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectTARGETING
dc.subjectUNEMPLOYED
dc.subjectWEALTH
dc.titleThe Impact of the Financial Crisis on Poverty and Income Distribution in Mongoliaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleThe Impact of the Financial Crisis on Poverty and Income Distribution in Mongolia
okr.date.disclosure2011-11-02
okr.date.doiregistration2025-05-07T11:46:03.615762Z
okr.doctypeEconomic & Sector Work::Other Poverty Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/903881468148520922/The-impact-of-the-financial-crisis-on-poverty-and-income-distribution-in-Mongolia
okr.guid903881468148520922
okr.identifier.externaldocumentum000333037_20111102010143
okr.identifier.internaldocumentum15424023
okr.identifier.report65161
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/903881468148520922/pdf/651610WP0P1223019000Decision0final.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMongolia
okr.sectorPublic Administration, Law, and Justice :: Public administration- Finance
okr.topicPoverty Reduction::Inequality
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicSocial Protections and Labor::Labor Policies
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.unitPoverty Reduction & Equity Group, PREM Network
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