Results 1-6 of 6
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 ...
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 Illusions of Calculating Total Factor Productivity and Testing Growth Models From Cobb–Douglas to Solow and Romer
(Asian Development Bank, 2019-10-30)
This paper shows that because growth models in the tradition of Solow’s and Romer’s are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). ...