Economics Working Papers
The Economics Working Papers series is a forum for stimulating discussion on research and policy studies that deal with economic and development problems facing the Asia and Pacific region.
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Do Local Currency Bond Markets Enhance Financial Stability?
This publication analyzes the financial vulnerability of developing countries during the global financial crisis. -
Does Regional Integration Matter for Inclusive Growth? Evidence from the Multidimensional Regional Integration Index
This study constructs a multidimensional regional integration index series that embodies six key facets of regional integration. -
Public–Private Partnership Systems in the Republic of Korea, the Philippines, and Indonesia
This paper analyzes the public–private partnership (PPP) systems in the Republic of Korea, the Philippines, and Indonesia. -
Skewed Credit and Growth Dynamics after the Global Financial Crisis
This working paper explores the association between economic growth and systemic financial risk, using elements of private credit growth to measure the latter. -
Traditional Procurement versus Public–Private Partnership: A Comparison of Procurement Modalities Focusing on Bundling Contract Effects
This study explores an optimal structure of procurement contracts between public and private partners by comparing traditional procurement and public–private partnerships. -
The Changing Network of Financial Market Linkages: The Asian Experience
This paper investigates the changing network of financial markets of Asia and the rest of the world—emphasizing the direction, significance, and strength of links between markets. -
Rationale and Institution for Public–Private Partnerships
This paper examines the factors that have been important for shaping the public–private partnership landscape of the Republic of Korea. -
Is Employment Globalizing?
This paper investigates the claim that national labor markets have become more globally interconnected in recent decades. -
The PRC's Long-Run Growth through the Lens of the Export-Led Growth Model
This analysis has important implications to understand the People's Republic of China's transition to a “New Normal” of a lower growth rate. -
An Empirical Analysis of the Factors that Influence Infrastructure Project Financing by Banks in Select Asian Economies
This paper analyzes a critical aspect of expanding private finance to infrastructure by examining the role of bank lending to public–private partnership (PPP) projects through the project finance modality.