Virtual Conference on Digitalization and Sustainable Economic Development

Event | 8 - 10 December 2020
Online

Time of event

Day 1: 09:50–13:20 Tokyo time
Day 2: 14:30–18:20 Tokyo time
Day 3: 09:50–13:50 Tokyo time

Summary

The digital economy is improving productivity and competitiveness within and across economies. It could also have substantial positive effects on macroeconomic performance as well as enhance regional and global economic integration and help economies achieve the Sustainable Development Goals. At the same time, policy makers must consider digitalization’s impacts on international capital flows, trade, and labor markets.

This ADBI-Singapore Management University virtual conference featured new research on the role of digitalization in enhancing sustainable, inclusive, and balanced growth in Asia. Areas of exploration included its potential to reduce market entry barriers, lower inequality, and foster social and economic inclusion. Identifying policies that can leverage digitalization to promote sustainable development were an additional focus.

Objectives
  • Examine the impact of digitalization on sustainable development in Asia
  • Provide greater insight into the channels through which digitalization affects the economy
  • Assess current and future policy challenges posed by digitalization
Participants
  • Policy makers and researchers from think tanks, universities, and other institutions
Output
  • Enhanced understanding of the impacts of digitalization on sustainable development and possible policy solutions
  • Greater impetus for research dialogue and collaboration
  • Research presentations to be made available online on the ADBI website
  • Papers featured during the conference will be considered for publication as ADBI working papers and inclusion in an ADBI book
Partner

Singapore Management University

Conference Presentations

Session 1 Keynote Speech: New Financial Technologies, Sustainable Development and the International Monetary System
Eswar Prasad, Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University, US

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Session 1.1.1: Is Digital Financial Inclusion Good for the Bank Stability and Sustainable Economic Development? Evidence from Emerging Asia
Presenter: Hasanul Banna, Research Fellow, University of Malaya

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Session 1.1.2: Is Digital Financial Inclusion Good for the Bank Stability and Sustainable Economic Development? Evidence from Emerging Asia
Discussant: Bihong Huang, Economist, ADB

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Session 1.2.1: Digital Financial Inclusion, Economic Freedom, Financial Development, and Growth: Implications from a Panel Data Analysis
Presenter: Rekha AG, Research Scientist, State Bank of India

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Session 1.2.2: Digital Financial Inclusion, Economic Freedom, Financial Development, and Growth: Implications from a Panel Data Analysis
Discussant: Dinh Thi Thanh Van, Associate Dean, VNU University of Business and Economics

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Session 1.3.1: Forecasting Private Consumption with Digital Payment and Private Credit Data – A Mixed Frequency Analysis
Presenter: Debasis Rooj, Associate Professor, FLAME University

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Session 1.3.2: Forecasting Private Consumption with Digital Payment and Private Credit Data – A Mixed Frequency Analysis
Discussant: Muhammad Zubair Mumtaz, Associate Professor, National University of Sciences and Technology, Pakistan

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Session 1.4.1: Challenges and Opportunities of Digital Transformation in the Public Sector in Transition Economies: Examination of the Case of Uzbekistan
Presenter: Gulnoza Kuldosheva, Adjunct Professor, Webster University in Tashkent (WUT)

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Session 1.4.2: Challenges and Opportunities of Digital Transformation in the Public Sector in Transition Economies: Examination of the Case of Uzbekistan
Discussant: Dina Azhgaliyeva, Research Fellow, ADBI

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Session 2.1 Keynote Speech: Maintaining Sustainable and Inclusive Development in ASEAN
Bernard Yeung, Stephen Riady Distinguished Professor in Finance and Strategic Management, National University of Singapore; and President, Asian Bureau of Finance and Economic Research

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Session 2.1.1: Bayesian Gravity Model for Digitalization on Bilateral Trade Integration in Asia
Presenter: S.P. Jayasooriya, Chartered Economist, Innovation4Development Consultants, Sri Lanka

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Session 2.1.2: Bayesian Gravity Model for Digitalization on Bilateral Trade Integration in Asia
Discussant: Willem Thorbecke, Senior Fellow, RIETI

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Session 2.2.1: Impact of Information Technology and E-Commerce on Indonesia’s Trade to ASEAN Countries
Presenter: Yulya Aryani, Policy Analyst, Coordinating Ministry for Economic Affairs of Republic of Indonesia

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Session 2.2.2: Impact of Information Technology and E-Commerce on Indonesia’s Trade to ASEAN Countries
Discussant: Lurong Chen, Senior Economist, ERIA

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Session 2.3.1: Digitization and Economic Performance of Two Fast-Growing Economies: India and China
Presenter: Dukhabandhu Sahoo, Assistant Professor, Indian Institute of Technology Bhubaneswar

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Session 2.3.2: Digitization and Economic Performance of Two Fast-Growing Economies: India and China
Discussant: James P. Villafuerte, Senior Economist, ADB

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Session 2.4.1: Can Internet Buy Leisure Time of Married Women in Micro and Small Enterprises? Evidence from Yogyakarta Indonesia
Presenter: Anna T. Falentina, Civil Servant, Statistics Indonesia (BPS)

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Session 2.2 Keynote Speech: “Empowering Farmers through E-commerce”
Xin Yi Lim, Executive Director, Sustainability and Agricultural Impact, Pinduoduo

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Session 3 Keynote Speech: Revolution or Evolution: The Uneven Pace of Digitalization
Yasheng Huang, Epoch Foundation Professor of International Management and Faculty Director of Action Learning at the MIT Sloan School of Management, US

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Session 3.1.1: Automation and Firm Growth in Developing Economies: A Firm-level Analysis
Presenter: Radeef Chundakkadan, Assistant Professor, Indian Institute of Technology

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Session 3.1.2: Automation and Firm Growth in Developing Economies: A Firm-level Analysis
Discussant: Dashan Huang, Assistant Professor of Finance, Singapore Management University

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Session 3.2.1: Boosting Digital Enterprises and Reducing Inequalities of Online Business Interislands in Indonesia
Presenter: Daniel J.P. Riveong, Foresight Researcher, Global Swarm; Sri Hartini Rachmad (BPS - NSO Indonesia)

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Session 3.2.2: Boosting Digital Enterprises and Reducing Inequalities of Online Business Interislands in Indonesia
Discussant: John Beirne, Research Fellow, ADBI

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Session 3.3.1: Technology Spillovers, Asset Redeployability, and Corporate Financial Policies
Presenter: Ambrus Kecskés, Professor, York University

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Session 3.3.2: Technology Spillovers, Asset Redeployability, and Corporate Financial Policies
Discussant: Peter Rosenkranz, Economist, ADB

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Session 3.4.1: The Determinants of Indonesian Labor Market Readiness in facing Digitalization Era
Presenter: Ni Made Krisna Marsela, Policy Analyst, Coordinating Ministry for Economic Affairs of Republic of Indonesia: Kusmawati Limbongan, Policy Analyst, Coordinating Ministry for Economic Affairs

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Session 3.4.2: The Determinants of Indonesian Labor Market Readiness in facing Digitalization Era
Discussant: Nika Pranata, Researcher, Indonesian Institute of Sciences (LIPI)

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