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Skewed credit and growth dynamics
Estrada, Gemma; Erce, Aitor; Park, Donghyun - In: The Singapore economic review 68 (2023) 2, pp. 563-608
Persistent link: https://www.econbiz.de/10014279309
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Demographic change, economic growth, and old-age economic security : Asia and the world
Mason, Andrew; Lee, Sang-hyop; Park, Donghyun - In: Asian development review : studies of Asian and pacific … 39 (2022) 1, pp. 131-168
Asia is aging, although there is significant heterogeneity across subregions and economies. Population aging poses two strategic challenges for the region: sustaining economic growth and delivering old-age economic security. In this paper, we leverage the lifecycle perspective-that individuals'...
Persistent link: https://www.econbiz.de/10013329396
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Drivers of Developing Asia's Growth: Past and Future
Park, Donghyun; Park, Jungsoo - 2010
estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …-side policies that foster productivity growth will be vital for sustaining developing Asia's future growth in the postcrisis period …
Persistent link: https://www.econbiz.de/10011432686
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Impact of Population Aging on Asia's Future Growth
Park, Donghyun; Shin, Kwanho - 2011
productivity. We examined the impact of aging on those four channels in 12 developing Asian economies that collectively make up the …
Persistent link: https://www.econbiz.de/10010507335
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Developing the Service Sector as Engine of Growth for Asia: An Overview
Noland, Marcus; Park, Donghyun; Estrada, Gemma B. - 2012
jobs in the region. However, its productivity greatly lags that of the advanced economies, which implies ample room for … wide range of internal and external policy distortions is vital for improving service sector productivity. As important as …
Persistent link: https://www.econbiz.de/10010507378
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Financing Asia's Growth
Estrada, Gemma B.; Noland, Marcus; Park, Donghyun; … - 2015
paradigm from one based primarily on investment to one based on both investment and productivity growth also underscores the …
Persistent link: https://www.econbiz.de/10011432854
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Catching up, structural transformation, and inequality : lessons from Asia
Martorano, Bruno; Park, Donghyun; Sanfilippo, Marco - 2016
While structural transformation, driven by technological progress, productivity growth, and capital deepening, has … skill groups of workers. Our evidence indicates that structural change, pushed by productivity catch-up with advanced …
Persistent link: https://www.econbiz.de/10011579027
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Fiscal Policy for Inclusive Growth: An Overview
Estrada, Gemma; Lee, Sang-Hyop; Park, Donghyun - 2014
In recent years, inequality has risen in the region alongside rapid economic growth. The widening income gap strengthens the case for a government response, and fiscal policy is one of the most suitable policy instruments to promote a more equitable society that provides opportunities for all....
Persistent link: https://www.econbiz.de/10011432711
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The service sector in lower-income Asian economies
Estrada, Gemma; Acharya, Yubraj; Batten, Aaron; … - 2013
investments. In order to increase the labor productivity of the sector and realize its potential to contribute to inclusive growth …
Persistent link: https://www.econbiz.de/10009781235
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Human capital spending, inequality, and growth in middle-income Asia
Abrigo, Michael Ralph M.; Lee, Sang-hyop; Park, Donghyun - In: Emerging markets finance & trade : a journal of the … 54 (2018) 4/5/6, pp. 1285-1303
Persistent link: https://www.econbiz.de/10012123588