The ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.
Sovereign Risk, Elections, and Contagion
This paper examines the political risk effect and its different economic implications in normal and crisis situations through the proxy analysis of election and the sovereign bond spreads.
The Service Sector in Lower-Income Asian Economies
This paper reviews the main barriers to growth of the service sectors in six lower-income countries spread across different subregions of developing Asia. It also reviews policy options that can contribute towards the inclusive growth of these countries.
Cost Recoverable Tariffs to Increase Access to Basic Services among Poor Households
A contingent valuation survey from the Water Supply and Sanitation Project of the Asian Development Bank in Cebu, Philippines is used to show that tariff structures with a low one-time connection price and price differentiates based on wealth measures can result in a five-fold increase in the take-up of water services by poor households over the base tariff structure.
On the Determinants of Scholastic Performance in Five Asian Countries
This paper takes an efficiency analysis perspective to analyze, on the basis of the data of the 2009 Organisation for Economic Co-operation and Development Program for International Student Assessment (PISA) survey, the determinants of scholastic performance in five Asian countries (Azerbaijan, Indonesia, Kazakhstan, the Kyrgyz Republic, and Thailand).
Complexity, Specialization, and Growth
The authors devise an endogenous growth model with human capital accumulation to assess the impact of production complexity on economic output and its rate of growth.