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.
Determinants of Peer-to-Peer Lending Expansion: The Roles of Financial Development and Financial Literacy
This study investigates how peer-to-peer (P2P) lending—also known as crowdlending or debt-based crowdfunding—can be expanded to fill funding gaps in economies and promote financial inclusion.
Bank Efficiency and the Bond Markets: Evidence from the Asia and Pacific Region
This paper examines the association between bond market development and profit and cost efficiency of commercial banks, based on bank-level data from 27 economies in the Asia and Pacific region.
Taking Education to the Next Level: What Can Be Learned from Benchmarking Education across Economies?
This paper provides new evidence on the types of inputs that matter to improving educational outcomes. Data from across 69 economies were gathered using a scoring system that attempts to capture quality dimensions.
Over Land and Over Sea: Domestic Trade Frictions in the Philippines
This paper estimates domestic trade cost in the Philippines and evaluates how the Roll-On Roll-Off Terminal System (RRTS) affected its evolution using the concept of "border effects."
Exchange Rates and Insulation in Emerging Markets
This paper presents data on how flexible exchange rate regimes insulate emerging markets from external shocks. The findings are based on a study about whether or not flexible exchange rates can protect emerging markets from external shocks.
Conditions for Effective Macroprudential Policy Interventions
This paper constructs a new database that documents the use of a large number of macroprudential policy (MPP) instruments for 61 economies over 2000–2016.
Attraction or Repulsion? Testing Coagglomeration of Innovation between Firm and University
This paper identifies the extent of how universities are attracted by firms in patents production. The findings are based on a large patent dataset from Shenzhen, the first innovation-led city in the People’s Republic of China.
Education, Skill Training, and Lifelong Learning in the Era of Technological Revolution
This paper reviews recent studies on human capital and skill formation in the era of rapid aging and technological progress to offer policy suggestions in the field of education and lifelong learning.
Global Bitcoin Markets and Local Regulations
This paper investigates how the introduction of regulations for local Bitcoin markets will shape prices and trading activities in six major trading markets that comprise 99% of global trading volume.
Propagation of Positive Effects of Postdisaster Policies through Supply Chains: Evidence from the Great East Japan Earthquake and Tsunami
This study evaluates the impact of “group subsidies,” a policy intervention to repair and reinstall damaged capital goods and facilities of small and medium-sized enterprises after the Great East Japan earthquake.