The Role of Fiscal Policy in Rebalancing Developing Asia’s Growth
Park, Donghyun | September 2010
Abstract
"Rebalancing growth toward domestic demand has emerged as a key postcrisis challenge for sustaining developing Asia’s rapid growth in the medium and long term. The central objective of this paper is to explore the role of fiscal policy in the region’s rebalancing process. What matters most for rebalancing are specific fiscal measures tailored to each country’s unique circumstances. In this context, the paper examines the potential contribution of fiscal policy to rebalancing growth in the People’s Republic of China, the Republic of Korea, the Philippines, and Singapore. As expected, the nature of fiscal measures that can promote rebalancing differs substantially across the four countries and depends on the nature of the rebalancing process in each country."
Citation
Park, Donghyun. 2010. The Role of Fiscal Policy in Rebalancing Developing Asia’s Growth. © Asian Development Bank. http://hdl.handle.net/11540/1564.ISSN
1655-5252
Keywords
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
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Citable URI
http://hdl.handle.net/11540/1564Metadata
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