Results 1-9 of 9
The People’s Republic of China’s Long-Run Growth through the Lens of the Export-Led Growth Model
(Asian Development Bank, 2018-08-30)
The People’s Republic of China’s (PRC) remarkable growth performance over the last 3 decades has been associated to very robust export growth, so much so that many refer to it as a clear example of export-led growth (ELG). Using the concept of the ...
The Pillars of Potential Growth and the Role of Policy: A Panel Data Approach
(Asian Development Bank, 2016-05-30)
Potential output growth generally decelerated after the global financial crisis during 2008–2009. This paper examines the possible determinants of potential output growth using Bayesian Model Averaging and assesses how the determinants can be used to ...
An Analysis of the Philippine Business Process Outsourcing Industry
(Asian Development Bank, 2007-03-01)
"Nedelyn Magtibay-Ramos, Gemma Estrada, and Jesus Felipe provide an analysis of the business process outsourcing (BPO) industry in the Philippines. The paper provides a profile of the BPO sector; makes comparisons with other large BPO providers; and ...
Rethinking the Growth Diagnostics Approach: Questions from the Practitioners
(Asian Development Bank, 2008-11-01)
The growth diagnostics methodology pioneered by Hausmann et al. (2005) is becoming a key piece of the toolkit for donor agencies in formulate their operational strategies. This paper aims at clarifying the primary objectives of the approach, highlighting ...
Why are Some Countries Richer than Others? A Reassessment of Mankiw-Romer-Weil's Test of the Neoclassical Growth Model
(Asian Development Bank, 2002-08-01)
"This paper provides evidence of a problem with the influential testing and assessment of Solow’s (1956) growth model proposed by Mankiw et al. (1992) and a series of subsequent papers evaluating the latter. First, the assumption of a common rate of ...
Benchmarking Developing Asia's Manufacturing Sector
(Asian Development Bank, 2007-09-01)
This paper documents the transformation of developing Asia’s manufacturing sector during the last three decades and benchmarks its share in GDP with respect to the international regression line by estimating a logistic regression.
The People’s Republic of China's Potential Growth Rate: The Long-Run Constraints
(Asian Development Bank, 2014-11-15)
We estimate the People’s Republic of China’s (PRC’s) potential growth rate in 2012 at 8.7% and at 9.2% for the average of 2008–2012, about the same as the average actual growth rate for this period. This rate is the natural growth rate, that is, the ...
Competitiveness, Income Distribution, and Growth in the Philippines: What Does the Long-run Evidence Show?
(Asian Development Bank, 2004-06-01)
This paper considers unit labor costs (ulcs), i.e., the ratio of the wage rate to labor productivity, as the indicator of competitiveness in the Philippines. It is shown that ulcs have an interpretation from the point of view of the functional distribution ...
A Note on Competitiveness and Structural Transformation in Pakistan
(Asian Development Bank, 2007-12-01)
Jesus Felipe writes that the key to Pakistan’s development lies in its industrialization. This paper documents the level of industrialization of the country vis-a-vis other Asian countries and discusses analytical tools that should help policymakers ...