Asian Development Review: Volume 36, Number 1

Publication | March 2019

This edition covers intergenerational mobility of families in slums of Jakarta, exports and imports of Thailand, and the effects of foreign direct investment on the productivity of 15 emerging market economies, among others.

It also discusses labor market returns to education and English language skills in the People's Republic of China, agricultural and nonagricultural labor productivities in low- and middle-income economies in Asia, the Kuznets postulate on the association of structural transformation with increasing inequality for 32 developing and recently developed economies, the determinants of the nominal yields of Indian government bonds, and the effect of credit policy in the economy of the Republic of Korea.

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 ADB and the ADB Institute.


This paper addresses the lack of data tracking families across generations and data covering slums using a field survey of four slums in Jakarta, tracking educational mobility spanning three generations.

This paper uses transaction-level data from Thailand to study concentration, specialization, and fragility of export activities.

This paper adopts a cross-country, multisector approach to investigate the intra- and inter-industry effects of foreign direct investment on the productivity of 15 emerging market economies in 2000 and 2008.

This paper reexamines the economic returns to education in the People’s Republic of China using data from the Chinese General Social Survey 2010.

This paper examines how agricultural and nonagricultural labor productivities have grown over time and whether the growth pattern affected poverty in low- and middle-income economies in Asia.

This paper revisits the Kuznets postulate that structural transformation will be associated with increasing inequality using comparable time series data for 32 developing and recently developed economies for the post-1950 period.

This paper shows that the short-term interest rate is the key driver of India’s long-term government bond yield over the long run, while the government debt ratio does not have any discernible adverse effect.

This paper sheds new light on what credit policy is, how it differs from other central bank policies, what its risks and limitations might be, and in particular, examines whether credit policy has been effective in stimulating the real economy in the Republic of Korea.

Additional Details

  • Agriculture and natural resources
  • Economics
  • Education
  • Finance sector development
  • Industry and trade
  • Poverty
  • Inclusive growth
  • Social development and protection
  • Social protection - labor and employment
  • Urban development
  • China, People's Republic of
  • India
  • Indonesia
  • Korea, Republic of
  • Thailand
  • 230
  • 6.5 x 10
  • JRN190031-2
  • 0116-1105 (print)
  • 1996-7241 (electronic)


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