Results 1-6 of 6
Tracking the Middle-Income Trap: What is It, Who is in It, and Why? (Part 2)
(Asian Development Bank, 2012-03-01)
"This paper proposes and analyzes one possible reason why some countries get stuck in the middle-income trap: the role played by the changing structure of the economy (from low-productivity activities into high-productivity activities), the types of ...
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 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 ...
Is Employment Globalizing?
(Asian Development Bank, 2018-09-15)
We investigate the claim that national labor markets have become more globally interconnected in recent decades. We do so by deriving estimates over time of three different notions of interconnection: (i) the share of labor demand that is export induced ...