ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Donghyun Park
Principal Economist, Macroeconomics and Finance Research Division, Economics and Research Department
Economic Research and Regional Cooperation Department (ERCD)
Mr. Park specializes in economic forecasts and trends. He is among those who work on the annual Asian Development Outlook, ADB's flagship publication forecasting economic trends in the region. He belongs to ERD, which handles data analysis and database development and management to enhance the effectiveness of ADB's aid and contribution to a country's development strategy.
Author
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Exploring the Economic and Noneconomic Determinants of Investments in Renewable Energy
This paper explores the determinants of renewable energy investments along with other economic and noneconomic variables in both developed and developing economies. -
Public versus Private Investment Multipliers in Emerging Market and Developing Economies: Cross-Country Analysis with a Focus on Asia
This paper introduces new measures of investment shocks based on cyclically adjusted investment data to examine the effect of public and private investment shocks on growth. -
The Performance of Emerging Markets During the Fed’s Easing and Tightening Cycles: A Resilience Analysis Across Economies
This study investigates the determinants of emerging markets performance during five United States Federal Reserve monetary tightening and easing cycles from 2004 to 2023.
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Adoption of Digital Technologies, Business Model Innovation, and Financial and Sustainability Performance in Start-Up Firms
This report examines how digitalization affects firm performance using survey data from 681 digital entrepreneurs in six Association of Southeast Asian Nations (ASEAN) countries. -
Growth-Enhancing Taxes
Tax revenues have a persistent positive impact on growth, and the association is especially pronounced in emerging economies. -
Entrepreneurship as a Driver of Innovation in the Digital Age: Analysis of Data from 17 ADB Regional Members
This paper examines how new entrepreneurial firms’ productivity potential is influenced by the economy and regional factors using data from ADB regional members. -
Digital Entrepreneurship Landscapes in Developing Asia: Insights from the Global Index of Digital Entrepreneurship Systems
This paper introduces the Global Index of Digital Entrepreneurship Systems (GIDES), a composite indicator that assesses these ecosystems at the national level. -
Mobilizing Taxes for Development
Developing Asian economies have the potential to raise tax revenues by exploring untapped sources and improving compliance to help meet key development goals, this brief explains. -
The Nexus between Digitalization, Entrepreneurial Ecosystem Quality, and Economic Resilience A Cross-Country Analysis during the COVID-19 Pandemic
This study explores the relationship between the quality of a country’s digital entrepreneurial ecosystem, measured by the Global Index of Digital Entrepreneurship Systems (GIDES), and its economic performance during the COVID-19 pandemic. -
The Effect of Electrification on Socioeconomic Well-Being and Environmental Outcomes: Evidence for the Lao People’s Democratic Republic
This paper investigates the impact of electrification of households in the Lao People’s Democratic Republic using data from the Lao Expenditure and Consumption Survey.
Editor
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Wellness for a Healthy Asia
This book sets out concrete policy options for promoting wellness among all Asians.
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Infrastructure Financing in Asia
This book highlights how private financing can help address Asia’s huge infrastructure investment needs. It discusses innovation and the role of bond markets and green bonds.
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From Stress to Growth: Strengthening Asia's Financial Systems in a Post-Crisis World
Scholars affiliated with the Peterson Institute for International Economics and ADB argue in separate essays that Asian systems must strengthen quality, diversity, and resilience to future shocks in order to deliver growth in coming years.
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Inequality, Inclusive Growth, and Fiscal Policy in Asia
Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality.
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Asia’s Energy Challenge: Key Issues and Policy Options
This book examines key issues and policy options in the development of Asia’s energy security.
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Developing the Service Sector as an Engine of Growth for Asia
Developing the service sector can yield far-reaching benefits for Asia’s economy. The service sector already accounts for a substantial share of developing Asia’s output, employment, and growth.
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Pension Systems in East and Southeast Asia: Promoting Fairness and Sustainability
This book examines the pension systems of eight countries in East and Southeast Asia and also puts forward both country-specific and region-wide reforms to address two critical areas of pension reform, namely, fairness and sustainability.
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Pension Systems and Old-Age Income Support in East and Southeast Asia: Overview and Reform Direction
This book looks at the pension systems of eight countries in East and Southeast Asia, and provides a comprehensive overview of pension systems in the countries, including an in-depth diagnosis of their major weaknesses and shortcomings.
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Strong Institutions Shield Emerging Markets from US Monetary Shocks
The global impact of US monetary policy significantly affects capital flows and credit growth in emerging markets, highlighting the importance of macroeconomic fundamentals and institutional quality in determining resilience during different monetary cycles. -
Your Questions Answered: Is Asia and the Pacific Financially Prepared for an Aging Population?
ADB economists Donghyun Park, Aiko Kikkawa and Gemma Estrada answer questions on aging and economics in Asia and the Pacific. -
Which Asian Countries Are Most Supportive of Digital Entrepreneurship?
These charts illustrate how countries in Asia and around the world are doing in developing an environment that produces dynamic entrepreneurs who innovate and create jobs. -
Does Corruption Discourage Entrepreneurship?
In economies where government officials can be bribed, or other acts of corruption undertaken to start a business or innovate, entrepreneurship is less likely to thrive. -
Asia’s Developing Countries Need Bold Tax Reform to Rebound from the Pandemic
Tax revenue can be raised in a fair and reasonable way to provide much-needed public services and support the poor and disadvantaged still reeling from the pandemic. -
How Do We Promote Healthy Aging in Asia? This Is What the Experts Say
Older persons have vulnerabilities related to gender, family dynamics, financial and digital literacy, access to labor markets and long-term care. Policymakers should support the region’s growing elderly population to achieve healthier and more productive lives. -
Did Internet Access Improve Economic Resilience During COVID-19?
Countries with better information and communication technology, particularly internet access, were able to do more activities online during the pandemic, which cushioned the adverse effect of COVID-19 on economic activity. -
In Asia, Education is Key to Maintaining an Edge in Innovation
Compared to Latin America and other regions, Asia scores high on innovation. The reasons are complex but education is fundamental to the process. -
Filling the Finance Gap for a Green and Inclusive Recovery
Decreased tax revenues and increases in public spending due to COVID-19 make it imperative for developing Asian countries to mobilize private capital for the vast investments needed to achieve the SDGs. -
What is Driving the Growth of Green and Social Finance?
There is evidence of a positive link between sustainable behavior and financial return which will likely drive the continued growth of green and social finance. -
As Asia Recovers, Will Green and Social Finance Have Real Impact?
Evidence shows that green and social finance are associated with positive environmental and social outcomes and can contribute to a more sustainable world. -
As COVID-19 Hits Older Persons, Asia’s ‘Grey Divide’ Deepens
While the pandemic has affected the entire population, it has had a disproportionate impact on the older generation that built this region’s prosperity. We owe it to older persons to pursue policies that help them to make it through the crisis healthy and happy. -
Does a Healthy Economy Equate with a Healthy and Happy Population?
Wellness provides a more balanced and holistic view of a country’s development than its per capita gross domestic product. A new tool is helping policymakers measure wellness in society. -
The COVID-19 Dilemma: Public Health Versus the Economy
The tradeoff between lost lives during the pandemic and lost livelihoods is often viewed as an all-or-nothing choice between complete lockdown versus zero restrictions. In reality, a balance can be struck. -
Wellness in Worrying Times
Policies that promote wellness can help Asians navigate the uncertain, stressful COVID-19 world and achieve a better post-pandemic lifestyle. -
Plugging Into Contactless Payment in Post-COVID Asia
Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems. -
Private Debt, a Hidden Menace to Asia’s Financial Stability
Asian regulators and policy makers should undertake prudential financial supervision and regulation to improve the quality of private debt and reduce the risk of financial instability in the future. -
Fintech is Emerging as a Driver of Innovative Financial Solutions During COVID-19
Fintech – the fusion of finance and technology – could be a game-changer for inclusive economic growth amidst the pandemic. -
Read All About It: How Big News Events Can Roil Asian Currencies
Major news events, as well as monetary policy uncertainties in the United States, have a significant impact on Asian currencies, but not in the way that some might expect.