An attempt is made to compute the aggregate productivity growth using the Domar aggregation technique. Building up from the Total Factor Productivity Growth (TFPG) estimates for 3-digit industries, we have used Domar weights to computed total factor productivity (TFP) growth for selected 10,...

In support of the financial-accelerator theory, evidence is found on countercyclical price-cost banking margins possibly explaining the amplifications of business cycles in Pakistan. [WP 41]. URL:[http://www.sbp.org.pk/publications/wpapers/2011/wp41.pdf].

This paper evaluates the real-time performance of the growth rate of the DSE-ECRI Indian leading index for exports for predicting cyclical downturns and upturns in the growth rate of Indian exports. The index comprises the 36-country real effective exchange rate and leading indices of...

This paper defines business and growth rate cycles and describes the importance of key coincident indicators and reference chronologies, following reflections on the definition of a recession. The robustness of turning point forecasts based on the indicator approach to business and growth rate...

The speech is mainly about the "two cultures†(modern society—the cultures of the science and that of the humanities) syndrome—the apparent gap between those espousing the case for faster economic growth and those calling for greater attention to protection of the environment....

A brief overview is provided about India’s long-term growth performance. Then an attempt is made to set out the conditions for successful innovations. To assess the role of innovations in the Indian economy, the estimated contributions of productivity gains to real GDP growth is...

This note examines recent trends in the labor market and employment situation in Bangladesh and draws some policy implications keeping the poverty reduction imperatives in view. [BB PP No. 0807]. URL:[http://www.bangladesh-bank.org/openpdf.php].

This paper describes business and growth rate cycles with special reference to the Indian economy. It uses the classical NBER approach to determine the timing of recessions and expansions in the Indian economy, as well as the chronology of growth rate cycles, viz., the timing of speedups and...

China’s economy is booming at the expense of its environment. The country’s resource efficiency is nowhere near the level of western nations. Per unit of gross domestic product China consumes more than four times as much energy. The most serious environmental problems facing the...

Capital account openness and exchange rate flexibility in 11 Asian countries are examined. Asia has made slow progress on de jure capital account openness, but has made much more progress on de facto capital account openness. While there is a slow pace of increase in exchange rate flexibility,...