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finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity …This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …
Persistent link: https://www.econbiz.de/10005826110
in Asia during the 1990s is found to be mainly from capital deepening. Total factor productivity (TFP) is also decomposed …
Persistent link: https://www.econbiz.de/10005768879
potential growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the …
Persistent link: https://www.econbiz.de/10011142066
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures …
Persistent link: https://www.econbiz.de/10010959468
economic centers may have contributed to this relatively poor performance. However, the emergence of Asia as a global economic … center presents Pacific island countries with an unprecedented opportunity to develop trade with Asia, particularly in …
Persistent link: https://www.econbiz.de/10010959471
Persistent link: https://www.econbiz.de/10011244316
countries are addressing and anticipating the challenges of an aging society. It suggests that Asia's preparedness for an aging …
Persistent link: https://www.econbiz.de/10005248253
time, the major recipients have changed: while the share of aid to Asia has diminished since the 1980s, that destined for …
Persistent link: https://www.econbiz.de/10005263710
The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...
Persistent link: https://www.econbiz.de/10005263845