Asian countries to examine if countercyclical fiscal policy can still be used to stimulate growth. To do so, we use a sign …

from tax revenue growth after controlling for changes in GDP. Using estimated economy-level tax buoyancy coefficients, a …

Asian countries to examine if countercyclical fiscal policy can still be used to stimulate growth. To do so, we use a sign …

from tax revenue growth after controlling for changes in GDP. Using estimated economy-level tax buoyancy coefficients, a …

prospects as an engine of growth. Our analysis resoundingly confirms the conventional wisdom of an underperforming service …

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 … paper is to empirically analyze the prospects for the service sector as a future engine of growth. Our analysis of 12 Asian …

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 … investments. In order to increase the labor productivity of the sector and realize its potential to contribute to inclusive growth …

for inclusive economic growth. Our analysis indicates that services are already an important source of output, growth, and … further growth. The impact of services sector on poverty reduction is less clear but we do find some limited evidence of a …

In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a … more benign impact on growth than direct taxes, and spending more on education has a sizable positive impact on growth. …

developing Asia's exports and growth. As a result, developing Asian countries are increasingly looking to the People's Republic … of China (PRC) as a new source of demand and growth. The central objective of this paper is to empirically assess whether … trade with the PRC can become an engine of growth for developing Asia. To do so, we examine the structure of PRC's trade …