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Drivers of Developing Asia's Growth: Past and Future

Park, Park , Donghyun; Park, Jungsoo - Economics and Research Department, Asian Development Bank - 2010

While developing Asia has recovered strongly from the global crisis, the region faces the medium- and long-term challenge of sustaining growth beyond the crisis. The central objective of this paper is to empirically investigate the sources of economic growth in 12 developing Asian economies...

Persistent link: https://www.econbiz.de/10009245397

Economic Growth in Asia: Determinants and Prospects

Lee, Jong-Wha; Hong, Kiseok - Economics and Research Department, Asian Development Bank - 2010

Using a growth accounting framework, we find that developing Asia grew rapidly over the past 3 decades mainly due to robust growth in capital accumulation. The contributions of education and total factor productivity in the region’s past economic growth remain relatively limited. Our baseline...

Persistent link: https://www.econbiz.de/10009245407

The People’s Republic of China's Potential Growth Rate: The Long-Run Constraints

Felipe, Jesus; Lanzafame, Matteo; Zhuang, Juzhong - Economics and Research Department, Asian Development Bank - 2014

We estimate the People’s Republic of China’s (PRC’s potential growth rate in 2012 at 8.7% and at 9.2% for the average of 2008–2012, about the same as the average actual growth rate for this period. This rate is the natural growth rate, that is, the rate consistent with a constant...

Persistent link: https://www.econbiz.de/10011106730

Overcoming Critical Constraints to Sustaining Productivity Growth in Key Commodities of Asia and the Pacific

Sombilla, Mercedita; Mapa, Dennis; Piza, Sharon - Economics and Research Department, Asian Development Bank - 2013

development of infrastructure, among others. Total factor productivity (TFP) estimates for these commodities indicate the … potential to overcome these constraints, however. Key determinants of TFP growth were identified and discussed. While the … influence of these determinants on the TFP estimates was not tested empirically in this study because of data limitations …

Persistent link: https://www.econbiz.de/10010840995

Productivity Growth across the World, 1991-2003

Kim, Sangho; Park, Donghyun; Park, Jong-Ho - Economics and Research Department, Asian Development Bank - 2010

We apply a stochastic frontier production model to data from 53 countries during 1991–2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by...

Persistent link: https://www.econbiz.de/10009245409

Fiscal Resources for Inclusive Growth

Das-Gupta, Arindam - Economics and Research Department, Asian Development Bank - 2014

This paper develops a framework to assess the growth and distribution effects of fiscal resources. Resources are classified as debt, other capital receipts, foreign aid and other unilateral grants, non-tax revenue, including resource rents, seigniorage, and taxes. The framework is used to assess...

Persistent link: https://www.econbiz.de/10011106727

Do Governance Indicators Explain Development Performance? A Cross-Country Analysis

Han, Xuehui; Khan, Haider; Zhuang, Juzhong - Economics and Research Department, Asian Development Bank - 2014

The central question addressed by this study is whether countries with above-average governance grew faster than countries with below-average governance. Using the World Bank’s worldwide governance indicators to measure governance performance, it examines whether a country with governance...

Persistent link: https://www.econbiz.de/10011106728

The Declining Share of Agricultural Employment in the People’s Republic of China: How Fast?

Felipe, Jesus; Dacuycuy, Connie; Lanzafame, Matteo - Economics and Research Department, Asian Development Bank - 2014

From 1962 to 2013, the People’s Republic of China’s (PRC’s)agricultural employment share declined from 82% to 31%. The transfer of workers out of low-productivity agriculture is a fundamental pillar of the PRC’s aspirations to progress and eventually become a high-income economy. We...

Persistent link: https://www.econbiz.de/10011106734

Are Government-Linked Corporations Crowding out Private Investment in Malaysia?

Menon, Menon , Jayant; Ng, Thiam Hee - Economics and Research Department, Asian Development Bank - 2013

Private investment in Malaysia has been sluggish since the Asian financial crisis. One explanation is that the growing presence of government-linked corporations (GLCs) has been crowding out private investment. For the first time, we provide empirical evidence on the relationship between GLC...

Persistent link: https://www.econbiz.de/10010840952

Governance and Development Outcomes in Asia

Sen, Kunal - Economics and Research Department, Asian Development Bank - 2013

The relationship between governance and economic development is one of the most important areas of research in international development. Much of the previous literature has focused on whether better governance leads to higher levels of income. In this paper, we examine the relationship between...

Persistent link: https://www.econbiz.de/10010840959