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Deflation has emerged as a new concern for Asian policy makers. The traditional view is that deflation can lead to a vicious cycle of falling demand and prices, and is thus a dangerous condition. However, another school of thought emphasizes the role of positive supply shocks and takes a more...
Persistent link: https://www.econbiz.de/10011579040
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Rebalancing growth toward domestic demand has emerged as a key postcrisis challenge for sustaining developing Asia …
Persistent link: https://www.econbiz.de/10009245403
As the global crisis hit developing Asia, several countries instituted fiscal stimulus measures to create domestic … of the revenue shocks in developing Asia are cyclical rather than discretionary. …
Persistent link: https://www.econbiz.de/10009245404
Developing Asia has weathered the global economic crisis well and is experiencing a rapid, robust V-shaped recovery … the impact of fiscal stimulus on developing Asia’s gross domestic product growth during the crisis. Our main finding is …
Persistent link: https://www.econbiz.de/10009245410
Fiscal stimulus programs have contributed substantially to developing Asia’s faster and stronger than expected recovery …
Persistent link: https://www.econbiz.de/10009245411
Old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and … Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in …
Persistent link: https://www.econbiz.de/10010840166
The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing … Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this … role of the service sector as an engine of growth in Asia. However, some Asian countries where the service sector is …
Persistent link: https://www.econbiz.de/10010840984
In the past 10 years, the service sector has been a significant contributor to overall economic growth in Bangladesh, Cambodia, Nepal, Papua New Guinea, Uzbekistan, and Viet Nam. Sector growth has been supported by strong industrial growth in some while in others the critical factors have been...
Persistent link: https://www.econbiz.de/10010992048
producers of intellectual property. At the same time, developing Asia has attracted large amounts of foreign direct investment … the relationship between IPR and FDI in developing Asia. To do so, we develop a theoretical model which predicts that …
Persistent link: https://www.econbiz.de/10010992065