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...

The purpose of this empirical study is first to assess the external debt sustainability in a panel of 24 Asian emerging and developing countries divided into four sub-panels, namely the regions of Southeast Asia, Southwest Asia, Central Asia, and the Pacific over the period 1993-2014. We use the...

Given the commitment of G7 and G20 countries to the gradual elimination of fossil fuel subsidies and their advocacy for other nations to follow suit, this study examines the effects of such subsidies on firms' GHG emissions. Utilizing a dataset comprising 3,359 firms across seven countries in...

This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea's lower per capita income, relative to its potential level,...

Successful reductions in poverty, resulting from substantial increases in income and structural transformation, have been associated with growing levels of income inequality. This paper explores the link between structural transformation and inequality in Indonesia by applying Theil’s L...

We examine whether structural transformation leads to growth and income inequality in Viet Nam. Using three rounds of the Vietnam Household Living Standards Survey (2002, 2006, and 2010), we estimate re-centered influence functions to construct a decomposition analysis. Our results indicate that...

Growing inequality is one important problem for a developing country, and Indonesia is no exception. Narrowing the gap between those at the top and the bottom of income distribution has become one of the government's main concerns. To achieve this goal, the sources of income inequality must be...

This study explores the relationship between inequality and structural transformation by constructing a theoretical model, developing analytical frameworks, and implementing a case study. The general equilibrium model we develop demonstrates that inequality exhibits an inverted U shape as...

This paper estimates the number of poor in various countries in Asia by applying an "amalgam poverty line", which is a weighted average of an absolute poverty line (such as $1.25 per day or $1.45 per day) and a reference income (such as the mean or the median income). The number of poor is...

Over the last decade, a growing body of literature dealing with the phenomenon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...