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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

How Foreign Direct Investment Promotes Development: The Case of the People’s Republic of China’s Inward and Outward FDI

Li, Zhongmin - Economics and Research Department, Asian Development Bank - 2013

In the last 33 years after the People’s Republic of China’s (PRC) openness and reform, huge amounts of foreign direct investment (FDI) flowed into the PRC. The capital inflow and technology spillover in turn enabled outward FDI from the PRC. This paper gives a brief introduction to the...

Persistent link: https://www.econbiz.de/10010992061

Industrialization and Global Value Chain Participation: An Examination of Constraints Faced by the Private Sector in Nepal

Basnett, Yurendra; Pandey, Posh Raj - Economics and Research Department, Asian Development Bank - 2014

The world’s trade landscape is being shaped by global value chains, which present new opportunities as well as challenges to developing countries. While large developing countries are leveraging the benefits of global value chains, smaller economies have been less successful. In this paper we...

Persistent link: https://www.econbiz.de/10010938701

Capital Flows and Real Exchange Rates in Emerging Asian Countries

Jongwanich, Juthathip - Economics and Research Department, Asian Development Bank - 2010

This paper examines the nexus between capital flows and real exchange rate (RER) in emerging Asian countries using a dynamic panel-data model for 2000–2009. In contrast to previous studies, capital flows here are separated into foreign direct investment (FDI), portfolio investment, and other...

Persistent link: https://www.econbiz.de/10009245398

How Effective are Capital Controls in Asia?

Gochoco-Bautista,, Maria Socorro; Jongwanich, Juthathip; … - Economics and Research Department, Asian Development Bank - 2011

This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the period 1995–2005 using panel regressions with fixed effects. The results show that capital controls significantly affect capital flows when such flows are disaggregated by asset...

Persistent link: https://www.econbiz.de/10009245399

Cross-Border Mergers and Acquisitions and Financial Development: Evidence from Emerging Asia

Brooks, Brooks , Douglas H.; Jongwanich, Juthathip - Economics and Research Department, Asian Development Bank - 2011

The paper examines the relationship between cross-border mergers and acquisitions (M&A) and financial development in emerging Asian economies. Bilateral data of cross-border M&A for nine emerging Asian economies during 2000–2009 are analyzed with a sample selection model and panel data model....

Persistent link: https://www.econbiz.de/10009245400