Felipe, Jesus


- Contact Information
- Fields of Specialization
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Economic development
Technological progress
Applied macroeconomics
Applied econometrics
- Degrees
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Ph.D., Regional Science. University of Pennsylvania
M.A., Regional Science. University of Pennsylvania
M.A., International Economics and International Relations. International University of Japan.
B.A., Economics. Universidad Autonóma de Madrid
- Position / Title
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Advisor
- Current research programs / themes
- Economics
Biography
I am Advisor to the Chief Economist in the Economic Research and Regional Cooperation Department of the Asian Development Bank (ADB). I lead the work program on Asia’s Economic Transformation. I am also the Managing Editor of the Asian Development Review, and a member of the Editorial Board of Metroeconomica. I work on issues of long-run growth in Asia, the dynamics of structural change, industrial policy, the impact of technology on employment, productivity, functional distribution of income. I have published in (among ...
Biography
I am Advisor to the Chief Economist in the Economic Research and Regional Cooperation Department of the Asian Development Bank (ADB). I lead the work program on Asia’s Economic Transformation. I am also the Managing Editor of the Asian Development Review, and a member of the Editorial Board of Metroeconomica. I work on issues of long-run growth in Asia, the dynamics of structural change, industrial policy, the impact of technology on employment, productivity, functional distribution of income. I have published in (among others): Applied Economics, Cambridge Journal of Economics, Eastern Economic Journal, Economics of Education Review, International Review of Applied Economics, Japan and the World Economy, Journal of Comparative Economics, Journal of Development Studies, Journal of Income Distribution, Journal of the Japanese and International Economies, Journal of Post Keynesian Economics, Metroeconomica, Oxford Development Studies, Structural Change and Economic Dynamics, and World Development.
- Fields of Specialization
-
Economic development
Technological progress
Applied macroeconomics
Applied econometrics
- Degrees
-
Ph.D., Regional Science. University of Pennsylvania
M.A., Regional Science. University of Pennsylvania
M.A., International Economics and International Relations. International University of Japan.
B.A., Economics. Universidad Autonóma de Madrid
- Position / Title
-
Advisor
- Current research programs / themes
- Economics
Results 1-10 of 35
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Is Employment Globalizing?
Chen, Liming; Felipe, Jesus; Kam, Andrew J.Y.; Mehta, Aashish (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 (i.e., all labor demand created by foreign entities buying products exported by the home country)—we provide estimates for 40 countries; (ii) the ...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 ... -
The People’s Republic of China’s Long-Run Growth through the Lens of the Export-Led Growth Model
Felipe, Jesus; Lanzafame, Matteo (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 balance-of-payments equilibrium (BOPE) growth rate, which provides a framework to test the ELG hypothesis, we show that the PRC’s actual long-run growth ...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 ... -
Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 2)
Felipe, Jesus (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 the sector diversified and upgraded its structure. Manufacturing activities are subject to increasing returns to scale, and many manufacturing goods ...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 ... -
Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 1)
Felipe, Jesus (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 the sector diversified and upgraded its structure. Manufacturing activities are subject to increasing returns to scale, and many manufacturing goods ...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 Has the Philippines’ Growth Performance Improved? From Disappointment to Promising Success
Felipe, Jesus; Estrada, Gemma (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 growth is increasing. We derive an estimate of the potential growth rate, defined as the growth consistent with a constant unemployment rate, through ...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 ... -
The Debate about the Sources of Growth in East Asia after a Quarter of a Century: much ado about nothing
Felipe, Jesus; McCombie, John (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 the debate was much ado about nothing.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 ... -
The Debate about the Sources of Growth in East Asia after a Quarter of a Century: much ado about nothing
Felipe, Jesus; McCombie, John (Asian Development Bank, 2017-05-30)This paper reviews what the profession has learned during the last 25 years about East Asia’s growth using growth accounting exercises and estimations of production functions. The publication of Alwyn Young’s (1992, 1994, 1995) and Jong-Il Kim and Lawrence Lau’s (1994) studies, and Paul Krugman’s (1994) popularization of the “zero total factor productivity growth” thesis, led to a very important ...This paper reviews what the profession has learned during the last 25 years about East Asia’s growth using growth accounting exercises and estimations of production functions. The publication of Alwyn Young’s (1992, 1994, 1995) and Jong-Il Kim and ... -
The Pillars of Potential Growth and the Role of Policy: A Panel Data Approach
Lanzafame, Matteo; Felipe, Jesus; Sotocinal, Noli; Bayudan-Dacuycuy, Connie (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 increase the growth of potential output. It finds that the long-term growth of working-age population, the tertiary level gross enrollment ratio, the ...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 ... -
The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth
Felipe, Jesus; Sotocinal, Noli; Bayudan-Dacuycuy, Connie (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 factors as regressors, they employ Bayesian methods to estimate the model parameters, and subsequently employ the Kalman filter to obtain estimates ...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 ... -
Middle-Income Transitions: Trap or Myth?
Felipe, Jesus; Kumar, Utsav; Galope, Reynold (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 the literature. In this paper, we study historical transitions across income groups to see whether there is any evidence that supports the claim that ...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 ...
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Author
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Felipe, Jesus (35)
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Mehta, Aashish (5)
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Estrada, Gemma (4)
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McCombie, John (3)
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Theme
- Economics (14)
- Development (10)
- Trade (10)
- Evaluation (7)
- Finance (5)
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Publisher
- Asian Development Bank (32)
- Taylor and Francis (2)
- Wiley (1)
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Date Issued
- 2000 - 2019 (33)
- 1000 - 1999 (2)
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Technical Topic
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Development Topic
- Economic development (11)
- Economic integration (7)
- Gross domestic product (6)
- ADB (5)
- Crisis (5)
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Subject
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Location
- Philippines (28)
- Malaysia (25)
- Pakistan (25)
- Republic of Korea (25)
- Afghanistan (24)
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