the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we …

on economic growth, inequality, and fiscal balance. Our empirical evidence suggests that human capital investments have a …. Overall, our evidence points to a positive effect of human capital on growth, equity, and fiscal balance in Asia. …

give rise to a silver dividend that contributes to economic growth (ADB 2019). While the demographic dividend refers to the … sources of growth in an aging society. Extending Lee and Shin (2021) to include developing countries, we examine the potential … for a silver dividend by investigating the channels through which population aging affects economic growth. We find that …

We investigate the conditions under which tax revenues can enhance economic growth. Using a newly constructed dataset … consisting of 135 economies and spanning the period 1990-2019, we study how changes in tax revenues impact economic growth using … a panel vector autoregression (PVAR) model. Tax revenues have a persistent positive impact on growth, and the …

developing Asia's exports and growth. As a result, developing Asian countries are increasingly looking to the People's Republic … of China (PRC) as a new source of demand and growth. The central objective of this paper is to empirically assess whether … trade with the PRC can become an engine of growth for developing Asia. To do so, we examine the structure of PRC's trade …

-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 during 1992-2007 via a two-stage analysis. In the first stage, we … estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …

In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a … more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. …

demand and growth. As a result, the collapse of exports to the US and other industrialized countries during the global … financial and economic crisis has sharply curtailed gross domestic product (GDP) growth across the region. The emergence of the … an additional source of demand and growth. The central objective of this paper is to use vector autoregression (VAR …

prospects as an engine of growth. Our analysis resoundingly confirms the conventional wisdom of an underperforming service …