Search
Results 1-10 of 16
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 ...
Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 2)
(Asian Development Bank, 2018-07-15)
This paper argues that the single most important factor that explains East Asia’s development success was its fast structural transformation toward industrialization, manufacturing in particular. Workers moved out of agriculture into manufacturing, and ...
Middle-Income Transitions: Trap or Myth?
(Asian Development Bank, 2014-11-15)
During the last few years, the newly coined term middle-income trap has been widely used by policy makers to refer to the middle-income economies that seem to be stuck in the middle-income range. However, there is no accepted definition of the term in ...
Export or Domestic-Led Growth in Asia?
(Asian Development Bank, 2005-05-01)
In recent years, some developing Asian countries claim to have started shifting emphasis from export-led to domestic-demand-led growth policies with a view to achieving a more balanced growth strategy. This paper evaluates empirically how far this shift ...
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 ...
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 ...
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 ...
Education and the Journey to the Core: Path-dependence or Leapfrogging?
(Asian Development Bank, 2014-03-01)
We use changes in indices of revealed comparative advantage to study whether export diversification is path-dependent (i.e., history matters), and whether it is more difficult to diversify into more sophisticated products; and whether education helps ...
The Debate about the Sources of Growth in East Asia after a Quarter of a Century: much ado about nothing
(Asian Development Bank, 2017-05-30)
We revisit the lively debate about the sources of growth in East Asia of the 1990s, generated by the wellknown papers by Alwyn Young and Paul Krugman. We show that the methodologies used to apportion growth were problematic, with the consequence that ...
Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 1)
(Asian Development Bank, 2018-07-15)
This paper argues that the single most important factor that explains East Asia’s development success was its fast structural transformation toward industrialization, manufacturing in particular. Workers moved out of agriculture into manufacturing, and ...