Economic Research Publications

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Regional integration progressed as the 2008/09 global financial and eurozone debt crises brought greater cooperation to Asia. Yet, deepening collaboration and coordination will likely be more challenging.
In this first issue of a revamped ADR, a wide range of topics related to economic and social development in the Asia and the Pacific region are discussed, including the link between globalization and economic development, the relocation of low-skill manufacturing jobs, the flow of overseas direct investments, experiences with economic policy reforms, and the advance of the People’s Republic of China's renminbi as an international currency.
To complement the IMF’s new framework and make it easier to operationalize, this paper proposes a pragmatic approach to the use of capital controls which leverages the G20 indicative guidelines in measuring excessive imbalances in order to simplify the IMF’s guidelines on the use of capital controls.
This study explores the different approaches to service delivery in fragile states by surveying donors' own evaluations of their existing fragile states policies.
Author(s): DiCaprio, Alisa
This paper gives a brief introduction to the PRC’s inward and outward FDI, including their determinants, motives, main characteristics, and impact on the PRC and host countries.
Author(s): Li, Zhongmin
This study examines the effects of a deterioration in bank health on the cash flow sensitivity of investment and cash holdings of firms.
Author(s): Ogawa, Kazuo
This practical guide is a supplement to the Guidelines for the Economic Analysis of Projects. It provides an overview of recent methodological developments in cost-benefit analysis as well as suggested improvements in the economic analysis of projects in selected sectors through case studies.
Protestant missions from the United States entered the Republic of Korea and Guatemala in the late 1900s. In the Republic of Korea they built schools and health centres,  but in Guatemala they focused on eschatological urgency. As a result, these diverging approaches to exporting Christianity have had different long-term impacts on the two societies.
Author(s): McCleary, Rachel M.
The paper tabulates Myanmar’s merchandise trade as reported by its partner countries, thereby circumventing the data constraints stemming from Myanmar’s patchy trade records. It then estimates Myanmar’s export potential, based on the bilateral export patterns observed for six other countries in Southeast Asia.
Author(s): Ferrarini, Benno
The paper examines whether trade between East Asia and South America is a general phenomenon or a country-specific/commodity-specific issue, and whether increased trade is due to diversification and/or price/quantity effects.