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.
Debt Buildup and Currency Vulnerability: Evidence from Global Markets
This paper examines how debt buildup is related to currency depreciation pressure. It highlights the importance of a debt surveillance framework that monitors both public and private debt buildup, especially in emerging markets.
The Impact of Vocational Training on Labor Market Outcomes in the Philippines
The paper analyzes how post-secondary technical and vocational education and training (TVET) impacts labor market outcomes in the Philippines.
Trajectories to High Income: Growth Dynamics in Japan, the People’s Republic of China, and the Republic of Korea
This paper analyzes the economic growth patterns of Japan, the People’s Republic of China (PRC), and the Republic of Korea. It finds a striking similarity between the growth experiences of the PRC and the Republic of Korea.
Assessing the Impact of the United States–People’s Republic of China Trade Dispute Using a Multiregional Computable General Equilibrium Model
This paper quantifies the cost of the trade dispute that started in 2017 between the United States and the People’s Republic of China for the countries involved and the global economy.
The Rise of Robots and the Fall of Routine Jobs
This paper finds that greater use of industrial robots relates significantly to a fall in the employment share of routine manual jobs in high-income economies, but not in emerging market and transition economies.
Spatial Dynamics and Driving Forces of Asian Cities
This study develops a new city-level panel dataset using satellite nighttime light imagery and grid population data for over 1,500 cities in 43 economies in Asia and the Pacific from 1992 to 2016.
Demographic Change, Technological Advances, and Growth: A Cross-Country Analysis
This paper revisits the impact of population aging on economic growth and explores how technological advancement affects this relationship.
Urban Agglomeration and Firm Innovation: Evidence from Asia
This paper presents evidence on the spatial distribution and effects of urban agglomeration on firm innovation using data from 25 developing countries in Asia.
Three Decades of International Financial Crises: What Have We Learned and What Still Needs to be Done?
This paper highlights lessons from the Asian Financial Crisis, the Global Financial Crisis, and the Eurozone Debt Crisis to identify what more can be done to strengthen financial systems.
Limited Impact of Business Development Programs on Profitability in the Presence of Ambiguity Aversion
This paper presents an analysis of business development programs (BDPs) based on a theoretical framework aimed at understanding the mixed effect of business training on entrepreneurs.