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.
Impacts of Natural Disasters on Households and Small Businesses in India
This paper analyzes the impacts of extreme rainfall and resulting flooding on vulnerable households and small and medium-sized enterprises in Mumbai, Chennai, and Puri District in India.
Offshore Fears and Onshore Risk: Exchange Rate Pressures and Bank Volatility Contagion in the People’s Republic of China
This study examines whether the spot market in Hong Kong, China for offshore Chinese currency (CNH) acts as a shock absorber for the financial system of the People’s Republic of China.
Generating Multiple Resilience Dividends from Managing Unnatural Disasters in Asia: Opportunities for Measurement and Policy
This paper analyzes the effectiveness of innovative decision-support tools relating to disaster risk reduction projects, with particular focus on Asia.
Build Back Better: What Is It, and What Should It Be?
This paper examines the economic dimensions of building back better (BBB) after disaster events and proposes four criteria for effectiveness: safety, speed, inclusiveness, and long-term economic potential.
The Role of Fintech in Mitigating Information Friction in Supply Chain Finance
This paper examines how financial technology (fintech) reduces “information friction” to help close financing gap in the supply chain by lowering the probability of a good firm being misclassified as bad.
National-to-Local Aid and Recovery from Extreme Weather Events: Evidence from the Philippines
This paper examines the link between extreme weather events and national aid and transfers in the Philippines between 1992 and 2015.
Postdisaster Subsidies for Small and Medium Firms: Insights for Effective Targeting
This paper explores the effect of postdisaster capital subsidies on the recovery of small and medium-sized enterprises (SMEs) and how policymakers could target public support to them more effectively.
The Illusions of Calculating Total Factor Productivity and Testing Growth Models: From Cobb–Douglas to Solow and Romer
This paper shows why aggregate production functions seem to work empirically.
Evidence from Measuring Community Flood Resilience in Asia
This paper highlights the importance of measuring resilience for effectively tackling the underlying drivers of risk and for building resilience.
Enabling Factors for Financing and Implementing Postdisaster Operations
This paper highlights how governments and other actors can prepare for the governance challenges of disaster response, recovery, and reconstruction.