The rise of Asia, as well as the future of regional cooperation and integration (RCI) the world over, will be profoundly influenced by the challenges of slowing productivity growth, increasing economic inequalities and systemic vulnerabilities. Such structural reform issues will require RCI...

This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as...

Intro -- Contents -- I. INTRODUCTION -- II. EXPLAINING DIFFERENCES IN INCOME -- III. EMPIRICAL ANALYSIS -- IV. RESULTS -- V. IMPLICATIONS AND DISCUSSION -- VI. CAVEATS -- VII. CONCLUSIONS -- REFERENCES.

Intro -- Contents -- I. INTRODUCTION -- II. STRUCTURE OF THE ECONOMY -- III. TRENDS IN GDP AND PER CAPITA GDP GROWTH -- IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY -- V. IMPLICATIONS FOR MEDIUM-TERM GROWTH -- VI. DETERMINANTS OF PRODUCTIVITY IN PAPUA NEW GUINEA -- VII. SUMMARY AND...

A Brookings Institution Press and American Enterprise Institute publication Over the past two decades, the United States has successfully deregulated prices and restrictions on most previously-regulated industries, including airlines, trucking, railroads, telecommunications, and banking. Only a...