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Globalization, infrastructure, and inclusive growth

Winters, Leonard Alan - 2014

This paper covers threes issues: first, defining and measuring inclusive growth; second, the relationship between international trade and inequality; and third, the links between infrastructure and inequality. Both international trade and infrastructure make it easier for people to exchange...

Persistent link: https://www.econbiz.de/10010245334

The impacts of infrastructure in development : a selective survey

Sawada, Yasuyuki - 2015

Development economists have considered physical infrastructure to be a precondition for industrialization and economic development. Yet, two issues remain to be addressed in the literature. First, while proper identification of the causal effectiveness of infrastructure in reducing poverty is...

Persistent link: https://www.econbiz.de/10010465408

Digitalization and economic performance of two fast-growing Asian economies : India and the People's Republic of China

Sahoo, Dukhabandhu; Nayak, Suryakanta; Behera, Jayanti - 2021

This paper aims to identify the role of digitalization and infrastructure in two fast-growing Asian economies, namely India and the People's Republic of China (PRC), within the growth framework from1990 to 2019 by using panel 2SLS and the NARDL technique. The results show that internet and...

Persistent link: https://www.econbiz.de/10012500546

Reevaluating the economic benefits of the Lao People's Democratic Republic (Lao PDR)-People's Republic of China high-speed rail and its implications for fiscal stability of the Lao...

Lane, Jonathan Andrew - 2020

This paper explores the challenges created by debt and fiscal stability in countries where major infrastructure investment is proposed. This paper specifically focuses on the Lao People's Democratic Republic (Lao PDR) and the $6 billion Lao PDR-People's Republic of China (PRC) high-speed railway...

Persistent link: https://www.econbiz.de/10012289885

Infrastructure and urbanization in the People's Republic of China

Li, Zhigang - 2017

The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined relationship between investment, urbanization, and economic growth. In one mechanism, urbanization generates demand for infrastructure investment, which then drives economic growth...

Persistent link: https://www.econbiz.de/10011585947

A framework to study the role of structural transformation in productivity growth and regional convergence

Fukao, Kyōji; Paul, Saumik - 2018

We show that σ-convergence in regional productivity growth can be approximated by σ-convergence in sectoral … productivity growth and σ-convergence in structural transformation-led productivity growth. Applying this framework to Japanese … prefecture-level data from 1874 to 2008, we find support for substantial convergence effects of structural transformation in the …

Persistent link: https://www.econbiz.de/10011843800

Patterns of inclusive growth in developing Asia : insights from an enhanced growth-poverty elasticity analysis

Habito, Cielito F. - 2009

The primary objective of this research is to identify key factors that explain the observed wide variation in patterns of inclusiveness of economic growth - defined here as gross domestic product (GDP) growth that leads to significant poverty reduction - in Asia. In exploring this relationship,...

Persistent link: https://www.econbiz.de/10003901395

Thailand's growth rebalancing

Jitsuchon, Somchai; Chalongphob Sussangkarn - 2009

This paper reviews Thailand's structural changes, the 1997 crisis experience, and recovery and lessons from the crisis. The paper then discusses the impacts of the subprime crisis on the Thai economy and the policy responses to date. The paper ends by discussing strategies to rebalance growth by...

Persistent link: https://www.econbiz.de/10003901450

Can Asia sustain an export-led growth strategy in the aftermath of the global crisis? : an empirical exploration

Razmi, Arslan; Hernández, Gonzalo - 2011

Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the...

Persistent link: https://www.econbiz.de/10009381662

Service sector productivity and economic growth in Asia

Lee, Jong-Wha; McKibbin, Warwick J. - 2014

This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input-output linkages and capital movements across industries and economies, and consumption and investment dynamics. We...

Persistent link: https://www.econbiz.de/10010381539