Results 1-10 of 11
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 ...
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 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 ...
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 ...
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 ...
An Analysis of Pakistan's Macroeconomic Situation and Prospects
(Asian Development Bank, 2008-12-01)
During the latter part of 2007 and early 2008, it became obvious that Pakistan’s macroeconomic situation was deteriorating rapidly, and that unless immediate measures were taken, the country may slip into a balance of payments crisis. This paper analyzes ...
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 ...