ADB Economics Working Paper Series


  • Gravity-Based Tools for Assessing the Impact of Tariff Changes 

    Gnutzmann-Mkrtchyan, Arevik; Hugot, Jules (Asian Development Bank, 2022-02-15)
    This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for ...
  • Measuring Localization in the Age of Economic Globalization 

    Baris, Kristina V.; Crisostomo, Ma. Charmaine R.; Garay, Krizia Anne V.; Jabagat, Christian Regie J.; Mariasingham, Mahinthan J.; Mores, Elyssa Mariel T. (Asian Development Bank, 2022-02-15)
    In a highly integrated global economy, linkages of domestic sectors to global trade measure an economy’s ability to gain from participating in global value chains. On the other hand, the strength of domestic linkages can provide insights on an economy's ...
  • Heterogeneous Effect of Uncertainty on Corporate Investment: Evidence from Listed Firms in the Republic of Korea 

    Kim, Cheonkoo; Park, Jungsoo; Park, Donghyun; Tian, Shu (Asian Development Bank, 2022-02-15)
    In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and that the ...
  • Impact of Tourism on Regional Economic Growth: A Global Value Chain Perspective 

    Liu, Anyu (Asian Development Bank, 2022-01-30)
    In the globalization era, many products in the tourism industry are imported from other economies; whereas other products may be exported as intermediates to other economies. Researchers have assessed the economic impact of tourism for more than 40 ...

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