The substantial literature on the existence of an inverted U-shaped relationship between environmental degradation and economic growth-known as the Environmental Kuznets Curve (EKC)-has produced very mixed evidence. This largely depends on model and variable selection uncertainty. We address...

The three pillars of Asian energy security are an adequate, reliable supply; environmental sustainability; and affordable access for all. As Asians become more affluent, managing demand by tackling outmoded subsidies so prices reflect true costs, exploring green innovations in technology and...

This paper assesses the low-carbon economy in Asia: how large it is today and how well it will fare in the future. Using patent and trade data, it analyzes the potential of Asian economies to capture value from the design and export of low-carbon technologies, acknowledging that these are only...

This study provides a toolkit to nowcast, or produce early estimates of, gross domestic product (GDP) growth in India. We use a dynamic factor model (DFM) to nowcast GDP growth in India on a quarterly basis from January 2000 to December 2018. The DFM methodology offers a powerful and tractable...

This paper assesses the role of consumption and saving in Asia's growth. It examines the composition of national saving, analyzes what forces drive saving rates, and draws policy conclusions from the analysis that are relevant for the economies in the region and which might play an important...

Using the Burke, Hsiang, and Miguel (2015) framework, we examine the nonlinear response effect of economic growth to historic temperature and precipitation fluctuations. We confirm that aside from the significant effect of rising temperature on agricultural production, industrial production and...

The purpose of this study is twofold. The first is to develop a new composite index of globalization based on data on 158 economies over the period 2006−2014. The second intention is to use the new index to evaluate empirically the possible effects of globalization on economic growth and...