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 …

We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ … between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in …

We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ … between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in …

give rise to a silver dividend that contributes to economic growth (ADB 2019). While the demographic dividend refers to the … sources of growth in an aging society. Extending Lee and Shin (2021) to include developing countries, we examine the potential … for a silver dividend by investigating the channels through which population aging affects economic growth. We find that …

give rise to a silver dividend that contributes to economic growth (ADB 2019). While the demographic dividend refers to the … sources of growth in an aging society. Extending Lee and Shin (2021) to include developing countries, we examine the potential … for a silver dividend by investigating the channels through which population aging affects economic growth. We find that …

pose significant headwinds to the region’s future economic growth. We update and enhance the analysis of Park and Shin … (2012) to project the impact of population aging on developing Asia’s growth between 2021 and 2050. Our projections indicate … that a demographic transition will have a substantial negative effect on the region’s future growth, but the effect varies …

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