South Asia Working Papers
The ADB South Asia Working Paper Series is a forum for ongoing and recently completed research and policy studies undertaken in ADB or on its behalf. The series is meant to enhance greater understanding of current important economic and development issues in South Asia, promote policy dialogue among stakeholders, and facilitate reforms and development management.
Food Price Escalation in South Asia - A Serious and Growing Concern
South Asia is arguably the most vulnerable region to increasing food inflation given the large segment of the population living below or near the poverty line. This paper deals with the problems related to food price inflation in South Asia in a comprehensive manner. It presents an in-depth empirical analysis of the possible factors that could explain the increase in food inflation, and discusses the impact of food price inflation on poverty and macroeconomic stability in South Asia.
Willingness to Pay and Inclusive Tariff Designs for Improved Water Supply Services in Khulna, Bangladesh
The Khulna Water Supply Project aims at improving the access to safe water through the piped network in Khulna City, the third largest city in Bangladesh with a population of approximately 1 million.
Financial and Economic Assessment of Biodiesel Production and Use in India
Biofuels are receiving increased attention because they have the potential to enhance the energy security of energy-deficit countries while reducing greenhouse gas emissions. They also offer opportunities for inclusive rural development. Prevailing administered prices do not provide adequate financial incentives to produce biodiesel in India, as this paper shows. In contrast to financial analysis, social cost-benefit analysis reveals that biodiesel production from jatropha and pongamia is economically viable.
ADB's Water Sector Operations in India: Review and Way Forward
India's water sector faces present and future competitive water demands from various sectors and the challenge of meeting them and ensuring food security without harming the environment and indigenous people.
Product Innovations for Financing Infrastructure: A Study of India's Debt Markets
The study assesses the underlying risks to infrastructure projects in India using an empirical and theoretical framework. The study provides evidence that infrastructure assets have robust and stable cash flows and are intrinsically safe.
Fiscal Decentralization and Fiduciary Risks: A Case Study of Local Governance in Nepal
This study analyzes the risks inherent in the existing fiscal transfer system to local bodies in Nepal, particularly those related to block grants. It argues that the nature and severity of these risks with respect to the government's flagship Local Governance and Community Development Program are such that they need to be understood in the broader context of the general public financial management (PFM) system as well as the constraints inherent in local governance.
Economy-Wide Impacts of Biodiesel Production and Use in India: A Computable General Equilibrium Model Assessment
Biofuels are receiving the attention of policy makers of energy-deficient nations as a means to enhance energy security and reduce carbon emissions. Economy-wide impacts of allocating vast amounts of agricultural resources for energy crop production are not well understood. This paper assesses the economy-wide impacts of growing biodiesel crops to meet 20% blending target set in the biofuel policy of India.
The Global Financial Crisis: Impact on Asia and Emerging Consensus
The financial crisis, initially traced to subprime mortgage market in the United States (US) and the resulting deleveraging process by global financial institutions involved in highly complex financial transactions, marks the first global financial crisis of the 21st century. Few countries linked to the global financial markets and international trade were spared from the sudden downturn as the financial system imploded in September 2008.
Evaluating the PRMPA Using a Synthetic Control Group
The Asian Development Bank (ADB) provided a program loan to the Government of Assam in the early part of this decade to help stabilize its fragile finances. This paper evaluates the immediate short-term implications of this program with a focus on tax revenue generation and interest payments using a synthetic control method.
The Impact of the Global Crisis on South Asia
In South Asia, India and Sri Lanka were affected most by the global economic crisis. They initially responded to the supply shock by a combination of fiscal and monetary policies to mitigate the impact and support economic growth. Bangladesh and Sri Lanka took narrower targeted fiscal stimulus measures, but India adopted more across-the-board fiscal stimulus to support economic growth. The differences in the fiscal and monetary policy stance reflect the impact of the crisis, the assessment of the downturn, and the availability of fiscal space.