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.

  • 01 Jan 2013 | Publication

    Cambodia: Rapid Growth with Weak Institutions

    This paper examines Cambodia’s socioeconomic development since the early 1990s peace settlement, and highlights the importance of strengthening supply side capabilities, growth, and developing stronger institutions and property rights.
  • 01 Jan 2013 | Publication

    Myanmar's Trade and its Potential

    Estimates Myanmar’s export potential based on the bilateral export patterns observed for six other countries in Southeast Asia, and also tabulates Myanmar’s merchandise trade as reported by its partner countries 
  • 01 Jan 2013 | Publication

    Protestantism and Human Capital in Guatemala and the Republic of Korea

    Protestant missions from the United States entered the Republic of Korea and Guatemala in the late 1900s. In the Republic of Korea they built schools and health centres, but in Guatemala they focused on eschatological urgency. As a result, these diverging approaches to exporting Christianity have had different long-term impacts on the two societies.
  • 03 Dec 2012 | Publication

    Economic Growth, Comparative Advantage, and Gender Differences in Schooling Outcomes: Evidence from the Birthweight Differences of Chinese Twins

    Using data from two surveys of twins in the PRC and applying a model of schooling and occupational choice between males and females, this paper estimates the gender-specific effects of birthweight on schooling and labor market outcomes.
  • 01 Dec 2012 | Publication

    Performance of the Service Sector in the Republic of Korea

    There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis resoundingly confirms the conventional wisdom of an underperforming service sector. In light of the Republic of Korea's high income and development level, the poor performance of modern services is of particular concern.
  • 01 Dec 2012 | Publication

    Inclusive Growth and Gender Inequality

    This study examines gender inequality in labor markets in Asia and the Pacific, with a focus on the structural drivers of women's labor force participation. Demographic survey data indicate that in Asia's lower-income countries, economic necessity is an important push factor behind women's employment. Also, being married and having young children both reduce the likelihood that a woman is employed. In a separate analysis for Taipei,China, this disincentive effect from young children on women's employment has increased over time.
  • 01 Dec 2012 | Publication

    Is Growth in Asia and the Pacific Inclusive?

    Inclusive economic growth challenges governments to achieve a high, sustainable rate of economic growth and to share opportunity equitably across society. It brings with it an operational challenge of finding an approach to performance measurement that captures the richness of the concept. This study applies one approach to assess the growth experience of 22 developing economies in Asia and the Pacific region. Special attention is paid to 11 economies - Armenia, Bangladesh, Cambodia, India, Indonesia, Kazakhstan, Nepal, Pakistan, the Philippines, Timor-Leste, and Viet Nam.
  • 01 Dec 2012 | Publication

    The Service Sector in Asia: Is It an Engine of Growth?

    The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this paper is to empirically analyze the prospects for the service sector as a future engine of growth. Our analysis of 12 Asian economies indicates that the service sector already contributed substantially to the region's growth in the past.
  • 01 Nov 2012 | Publication

    Is Timor-Leste's Growth Inclusive?

    The newly independent Timor-Leste has established itself as one of the fastest growing economies in Asia and the Pacific. A concentration of economic activity in the capital has, however, raised the concern that the better off members of society are capturing most of the benefits. This study examines the first decade of the restoration of independence to assess if Timor-Leste's economic growth has been inclusive. Opportunity is found to have been provided to a larger share of the population, with those on lower as well as higher living standards enjoying more opportunity.
  • 01 Nov 2012 | Publication

    Valuing Electricity Service Attributes: A Choice Experiment Study in Madhya Pradesh, India

    This paper presents the results of a choice experiment study undertaken to value electricity service attributes in Madhya Pradesh, India. Primary data was collected from 2,083 households using stratified random sampling method. Results show that existing service is very poor and consumers have substantial willingness to pay (WTP) for changing the status quo. Amongs the studied service attributes, hours of supply captures the highest WTP and WTP declines significantly with reduced hours of supply.