Changing Patterns of Trade and Global Value Chains in Postcrisis Asia
Sophisticated and geographically dispersed global value chains have emerged as an important feature of Asia’s economic success, particularly in East Asia.
Understanding Recent Trends in Income Inequality in the People’s Republic of China
Evidence suggests that reversal of key drivers of rising income inequality in the People's Republic of China, with the exception of wealth inequality, could partly explain the decline in income inequality since 2008.
The People’s Republic of China’s Potential Growth Rate: The Long-Run Constraints
A number of factors seem to signal that the recent decrease in People's Republic of China's growth rate may be structural, rather than temporary, in the sense that it reflects a permanent shift to a slower potential growth rate path.
Do Governance Indicators Explain Development Performance? A Cross-Country Analysis
Developing Asian countries with a surplus in government effectiveness, political stability, regulatory quality, and corruption control are observed to grow faster than those with a deficit in these indicators.
Closing Development Gaps: Challenges and Policy
To close significant income and nonincome development gaps around the world, governments must go beyond policies that simply increase economic growth. They have to include policies that close nonincome development gaps directly.
Governance and Institutional Quality and the Links with Economic Growth and Income Inequality: With Special Reference to Developing Asia
This paper looks at the role of governance and institutions in supporting growth and broadening inclusiveness with a special reference to developing Asia.
Financial Sector Development, Economic Growth, and Poverty Reduction: A Literature Review
This paper reviews the theoretical and empirical literature on the role of financial sector development, with a view to deepening understanding of the rationale of development assistance to the financial sector of developing countries.
Environmental Kuznets Curves in the People's Republic of China: Turning Points and Regional Differences
This paper examines the relationship between economic growth and environmental sustainability in the People's Republic of China by empirically estimating environmental Kuznets curve (EKC) models using provincial-level panel data from 1985 to 2005.
Inclusive Growth toward a Prosperous Asia: Policy Implications
This paper examines policy implications of adopting inclusive growth as the overarching goal for developing Asia.
Theory and Practice in the Choice of Social Discount Rate for Cost-Benefit Analysis: A Survey
This paper surveys theories and practices in the choice of the social discount rate for cost–benefit analysis of public projects. Choosing an appropriate rate is also highlighted by recent debates on the economics of climate change.