ADB Economics Working Paper


  • Capital Flows and Financial Stability in Emerging Economies 

    Baum, Christopher F; Pundit, Madhavi; Ramayandi, Arief (Asian Development Bank, 2017-10-30)
    There is mixed evidence for the impact of international capital flows on financial sector's stability. This paper investigates the relationship between components of gross capital flows and various financial stability indicators for 16 emerging and ...
  • The Middle-Income Trap from a Schumpeterian Perspective 

    Aghion, Philippe; Bircan, Cagatay (Asian Development Bank, 2017-09-30)
    We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which places the notion of creative destruction at the center of economic growth. Economic growth and development come from the interplay ...
  • The Role and Impact of Infrastructure in Middle-Income Countries: Anything Special? 

    Abiad, Abdul; Debuque-Gonzales, Margarita; Sy, Andrea Loren (Asian Development Bank, 2017-08-30)
    We examine the evolution of infrastructure, and the impact of infrastructure investment, in middleincome countries (MICs). We document how different types of infrastructure stocks, as well as infrastructure investment, vary with the level of development ...
  • The Landscape of Economic Growth: Do Middle-Income Countries Differ? 

    Eichengreen, Barry; Park, Donghyun; Shin, Kwanho (Asian Development Bank, 2017-08-30)
    We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in low- and ...

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