Results 11-20 of 26
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 ...
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 ...
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 ...
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.
Sectoral Engines of Growth in Developing Asia: Stylized Facts and Implications
(Asian Development Bank, 2007-11-01)
This paper provides an analysis of developing Asia’s growth experience from the point of view of its structural transformation during the last three decades. The most salient feature of this transformation has been the significant decrease in the share ...
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 ...