The aftermath of the global financial crisis of 2007-08 underlined the importance of maintaining fiscal space and fiscal sustainability. Even though many Asian economies implemented fiscal stimulus policies during the crisis period, their fiscal conditions generally improved rapidly thereafter,...

One of the main challenges in low-income Asia and the Pacific countries is users' willingness to pay for water services. In contrast, investors and private operators in the water sector prefer a high rate of return. This has often led to the failure of public-private partnerships for water...

One of the main challenges in low-income Asia and the Pacific countries is users' willingness to pay for water services. In contrast, investors and private operators in the water sector prefer a high rate of return. This has often led to the failure of public-private partnerships for water...

The Asia Water Development Outlook – a flagship publication by the Asian Development Bank - monitors progress in water security in the Asia Pacific region. For the first time, the 2020 edition documents financing flows that contribute to – or that are needed to enhance – water security in...

Sixty years after its entry in academic circles, development economics has now been mainstreamed in economics. It has proven itself in placing articles in top economic journals, in mobilizing a vast membership of students and researchers, in receiving important financial contributions from...

Sixty years after its entry in academic circles, development economics has now been mainstreamed in economics. It has proven itself in placing articles in top economic journals, in mobilizing a vast membership of students and researchers, in receiving important financial contributions from...

This paper contributes towards the growing debate concerning the world distribution of income and its evolution over that past three to four decades. Our methodological approach is twofold. First, we formally test for the number of modes in a cross-sectional analysis where each country is...