Asian Development Review: Volume 34, Number 1 | Asian Development Bank

Asian Development Review: Volume 34, Number 1

Publication | March 2017
Asian Development Review: Volume 34, Number 1

Topics discussed in this issue of the Asian Development Review include growth convergence paths in Asia and the middle-income trap, impacts of minimum wage on employment and earnings for men and women in India, working conditions in developing economies, total factor productivity growth in manufacturing and services, the effect of undervaluation on economic growth in the presence of borrowing constraints, the movement of migrants between Southeast Asian economies, and determinants of household energy choices in Timor-Leste.

About the Asian Development Review

The Asian Development Review (ADR) is a professional journal for disseminating the results of economic development research relevant to Asia and the Pacific. ADR is published twice a year, in March and September, by MIT Press. The ADR is a journal of the Asian Development Bank and the Asian Development Bank Institute.

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Contents 

  • Growth Convergence and the Middle-Income Trap - Takatoshi Ito
    • This paper proposes that there exist three convergence paths in Asia: low income, middle income, and high income. Economies need to shift from one convergence path to a higher one by implementing economic and political reforms that can generate innovation. Without reform, economies may fall into a low- or middle-income trap.
  • The Impact of the Minimum Wage on Male and Female Employment and Earnings in India - Nidhiya Menon and Yana van der Meulen Rodgers
    • This study examines how employment and wages for men and women respond to changes in the minimum wage in India, a country known for its extensive system of minimum wage regulations across states and industries.
  • Do Factory Managers Know What Workers Want? Manager–Worker Information Asymmetries and Pareto Optimal Human Resource Management Policies - Paris Adler, Drusilla Brown, Rajeev Dehejia, George Domat, and Raymond Robertson
    • This paper evaluates the conjecture that factory managers may not be offering a cost-minimizing configuration of compensation and workplace amenities by using manager and worker survey data from Better Work Vietnam.
  • Decomposing Total Factor Productivity Growth in Manufacturing and Services - Neil Foster-McGregor and Bart Verspagen
    • Using the World Input–Output Database, this paper calculates total factor productivity (TFP) growth for a sample of 40 economies during the period 1995–2009 to show that TFP growth in Asian economies has been relatively strong. In a number of Asian economies, TFP growth in services has outpaced that in manufacturing.
  • Undervaluation, Financial Development, and Economic Growth - Jingxian Zou and Yaqi Wang
    • This paper analyzes the effect of undervaluation on economic growth in the presence of borrowing constraints.
  • Determinants of Intra-ASEAN Migration - Michele Tuccio
    • The movement of migrants between Southeast Asian economies has mostly been driven by higher wages and migrant social networks in destination economies, as well as natural disasters in origin economies.
  • Household Energy Consumption and Its Determinants in Timor-Leste - Dil Bahadur Rahut, Khondoker Abdul Mottaleb, and Akhter Ali
    • This paper examines the determinants of household energy choices in Timor-Leste. The majority of households are dependent on dirty fuels such as fuelwood and kerosene for energy.