The paper argues that East Asia is setting the pace for the recent trend in regional and inter-regional integration, which is associated with multilateral infrastructure connectivity initiatives, like the "Belt and Road Initiative" (BRI) of the People's Republic of China and Japan's "Partnership...

Despite the dominant role of hydropower in the global power generation mix and the popularity of studying the productivity impact of infrastructure investment, there is a lack of research regarding the impact of hydropower projects on firm productivity. Such a positive impact could promote a...

In many Asian countries, land acquisition is one of the main challenges for infrastructure development which delays the completion of projects and lowers the rate of return of infrastructure investment. This paper investigates the potential application of the land trust scheme, which Japan has...

Assessing and quantifying the impacts of technological, economic, and policy shifts in the global energy system requires large-scale numerical models. We propose a dynamic multi-fuel market equilibrium model that combines endogenous fuel substitution within demand sectors and in power...

Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...