Econometric Insights into Economic Growth, Poverty and Social Protection in Asia: A Fresh Evidence

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Economic growth is negatively impacted by poverty across all income levels in Asia, highlighting urgent challenges.
Poverty significantly reduces economic growth, particularly in high and middle-income Asian countries, underscoring the need for intervention.
Analysis using fixed and random effects through a balanced panel dataset from 2005 to 2021 shows diverse patterns of impact.
Increased social security spending may enhance consumption and reduce poverty, thus promoting overall economic growth in the region.

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Empirical investigation highlights social protection boosts economic growth in Asia, indicating poverty's detrimental impact.

Asif et al. (2025) studied this question.

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