This paper presents empirical evidence that different types of entrepreneurship have varied effects across economies based on a cross-sectional analysis of the relationship between entrepreneurship and economic growth.
This paper analyzes the economic growth patterns of Japan, the People’s Republic of China (PRC), and the Republic of Korea. It finds a striking similarity between the growth experiences of the PRC and the Republic of Korea.
Regional integration is reversible in the face of growing erosion of popular support for integration.
A study based on cross-country panel data shows that total factor productivity growth is the main factor explaining the income group transition of countries, especially for middle-income countries.
A simulation of the effect of Asia’s population aging and economic growth on the region’s fiscal sustainability indicate that overall, demographic change will adversely affect Asia’s fiscal health.
Findings suggest that better governance and institutional quality foster financial development in developing economies while economic growth and trade openness are key determinants of financial depth in developed economies.
The global financial crisis highlighted the need for improving national bank supervisory authorities’ surveillance systems and detecting early on the buildup of macroeconomic risks.
As developing Asia explores the more active use of fiscal policy for inclusive purposes, it can learn from the experiences of advanced countries, which suggest that fiscal policy can have a significant effect on inequality.