opportunities and investment demand. Financial development primarily affects firms' external financing constraints. (2) Large firms …

financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … uncertainty regarding the ability to obtain external funds may have induced firms to rely on internal funds to finance investment … activities. Therefore, we shed light on the cash flow sensitivity of investment and cash holdings by estimating firmlevel …

The pace of capital accumulation in East Asia has simply been stunning. In this paper, we investigate sources of this …; Singapore; Taipei, China; Thailand; and Viet Nam, including India and Pakistan from South Asia. We estimate a “convergence … investment rate for those economies …

Asia has run since the 1997–1998 Asian crisis. A country's current account surplus is, by definition, equal to its net … saving. The central objective of this paper is to investigate the extent to which the saving and investment rate of Asian … countries can be explained by the underlying fundamental determinants of saving and investment such as gross domestic product …

conclusion is that a number of countries in developing Asia have significantly improved their basic infrastructure endowments in …

commonality through return and volatility. Cross-market liquidity commonality in Asia increased significantly during and after the …

While developing Asia has recovered strongly from the global crisis, the region faces the medium- and long … Asia's growth. Our results also confirm the relevance of supply-side factors, in particular human capital and openness to … trade, for developing Asia's medium- and long-term growth. The overarching implication for policy makers is that supply …

of developing Asia, compared to the world average. The findings from panel instrumental variable regression confirm … of developing Asia, where this effect appears to be strongest. By contrast, domestic trade potential represented by … country size is found to be less relevant a factor in explaining the rise in income of developing Asia. In light of a likely …

In this paper, we analyze the determinants of the domestic saving rate in developing Asia during 1966-2007 and find … project future trends in domestic saving rates in developing Asia for 2011-2030 based on our estimation results, and find that … the aging of the population will be the main determinant of future trends in domestic saving rates in developing Asia …