Showing 1 - 10 of 183
This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an … economies, and consumption and investment dynamics. We find that faster productivity growth in the service sector in Asia …
Persistent link: https://www.econbiz.de/10013050277
The growth rebalancing model, which places the nontradable services sector on center stage, is important to spur on faster growth in this sector and tap its potential to become another engine of growth for ASEAN economies. While ASEAN countries have allocated the bulk of their fiscal stimulus...
Persistent link: https://www.econbiz.de/10013138107
The Indian economy has shown considerable resilience to the global economic crisis by maintaining one of the highest growth rates in the world. The services sector accounted for around 88% of the growth rate in real gross domestic product in 2008–09. To demystify the relatively resilient...
Persistent link: https://www.econbiz.de/10013119861
Services have been a key driver of overall economic growth in South Asia since the 1990s. This paper examines how the … growth of services output, trade and investment have affected service sector employment in South Asia and the extent to which …
Persistent link: https://www.econbiz.de/10013112949
Many studies discuss the “de-industrialization” or “servicification” of economies in both developed and developing countries. Such studies rely on statistics that distinguish a manufacturing from a service sector. But in the age of global value chains (GVCs), it becomes increasingly...
Persistent link: https://www.econbiz.de/10014106666
Rapid population ageing and economic transformation in Asia raise the policy challenge of ensuring income security in … schemes in Asia, informed by insights from theory and international experience. The paper identifies alternative forms of …
Persistent link: https://www.econbiz.de/10010397227
capital markets. The main policy implication is that governments in Asia should continue and/or strengthen pension reforms …
Persistent link: https://www.econbiz.de/10010397236
Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the … early 2000s. Using new criteria, this paper examines whether Asia-Latin America FTAs have facilitated market-led integration … by liberalizing trade and behind the border regulatory barriers. Overall Asia-Latin America FTAs provide the foundations …
Persistent link: https://www.econbiz.de/10010397259
Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of … gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity … composition of trade by Asia and other regions. What began with Japan in the 1950s and the Republic of Korea and Taipei,China from …
Persistent link: https://www.econbiz.de/10010397264
This paper evaluates the extent of exchange rate coordination among Asian economies using a hypothetical Asian Currency Unit. Rising interdependence among Asian economies makes it vital for these economies to have a certain degree of exchange rate stability. However, the empirical evidence using...
Persistent link: https://www.econbiz.de/10010397277