Results 1-4 of 4
Why Has the Philippines’ Growth Performance Improved? From Disappointment to Promising Success
(Asian Development Bank, 2018-04-15)
This paper analyzes why the Philippines’ growth performance has improved significantly in recent years. As in the medium to long term actual growth adjusts to potential, we posit that the reason behind this improvement is that the country’s potential ...
Tracking the Middle-Income Trap: What is It, Who is in It, and Why? (Part 1)
(Asian Development Bank, 2012-03-01)
"This paper provides a working definition of what the middle-income trap is. It classifies 124 countries that have consistent data for 1950–2010. First, the paper defines four income groups of gross domestic product per capita in 1990 purchasing power ...
Is Pakistan's Growth Rate Balance-of-Payments Constrained? Policies and Implications for Development and Growth
(Asian Development Bank, 2009-05-01)
This paper examines the extent to which Pakistan’s growth has been, or is likely to be, limited or constrained by its balance-of-payments (BOP). The paper begins by briefly considering the BOP-constrained growth model in the context of demand and ...
The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth
(Asian Development Bank, 2015-10-06)
The authors examine the impact of financial factors on estimates of the output gap and potential output growth for the G-5 and 10 high- and middle-income Asian economies. Using a state-space model of the output gap with exogenously determined financial ...