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Back in business : industrial policy for emerging economies in the new globalization
Berglöf, Erik; Cable, Vince - 2018
We explore the potential roles of industrial policy in the transition from middle-income to high-income status, and the actual experience of industrial policy in emerging economies. Guided by the conceptual framework of the neo-Schumpeterian approach, we look at industrial policy in the context...
Persistent link: https://www.econbiz.de/10011802103
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Re-examining the middle-income trap hypothesis : what to reject and what to revive?
Han, Xuehui; Wei, Shang-jin - 2015
Why do some economies grow faster than others? Do economies in the middle-income range face especially difficult challenges producing consistent growth? Using a transition matrix analysis on decade-level growth rates, we find that the data clearly reject the idea that middle-income economies...
Persistent link: https://www.econbiz.de/10011305298
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The role of total factor productivity growth in middle-income countries
Kim, Jungsuk; Park, Jungsoo - 2017
We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross-country panel data for the period 1975-2014. We find that TFP growth contributed significantly to a country’s upward transition from middle-income to high-income country group. The TFP...
Persistent link: https://www.econbiz.de/10011754850
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Deriving macroeconomic benefits from public-private partnerships in developing Asia
Lee, Minsoo; Han, Xuehui; Gaspar, Raymond; Alano, Emmanuel - 2018
The provision of infrastructure and related services in developing Asia via publi-private partnership (PPP) increased rapidly during the late 1990s. Theoretical arguments support the potential economic benefits of PPPs, but empirical evidence is thin. This paper develops a framework identifying...
Persistent link: https://www.econbiz.de/10011896056
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Drivers of developing Asia's growth : past and future
Park, Donghyun; Park, Jungsoo - 2010
While developing Asia has recovered strongly from the global crisis, the region faces the medium- and long-term challenge of sustaining growth beyond the crisis. The central objective of this paper is to empirically investigate the sources of economic growth in 12 developing Asian economies...
Persistent link: https://www.econbiz.de/10008826310
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Potential growth, misallocation, and institutional obstacles : firm-level evidence
León-Ledesma, Miguel A. - 2016
One of the key determinants of potential growth are productivity gains. Total factor productivity (TFP) differences are the main determinant of per capita income differences between countries. A key factor to understand TFP is misallocation: the aggregate productivity loss from microeconomic...
Persistent link: https://www.econbiz.de/10011658836
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The pillars of potential growth and the role of policy : a panel data approach
Lanzafame, Matteo; Felipe, Jesus; Sotocinal, Noli; … - 2016
Potential output growth generally decelerated after the global financial crisis during 2008-2009. This paper examines the possible determinants of potential output growth using Bayesian Model Averaging and assesses how the determinants can be used to increase the growth of potential output. It...
Persistent link: https://www.econbiz.de/10011658865
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Economic growth in Asia : determinants and prospects
Lee, Jong-Wha; Hong, Kiseok - 2010
Using a growth accounting framework, we find that developing Asia grew rapidly over the past 3 decades mainly due to robust growth in capital accumulation. The contributions of education and total factor productivity in the region's past economic growth remain relatively limited. Our baseline...
Persistent link: https://www.econbiz.de/10008749709
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Nonresponse bias in household inflation expectations surveys
Gülenay Chadwick, Meltem; Cherry, Rennae; Galimberti, … - 2023
This paper uses microdata from the Reserve Bank of New Zealand's Household Inflation Expectations survey to obtain an … respond) to the inflation expectations question in the survey. We find nonresponses lead to substantial underrepresentation of … some demographic groups in the survey: young, female, low-income, and minority ethnic groups have lower response rates. How …
Persistent link: https://www.econbiz.de/10014442324
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Constructing a bias-free trade governance indicator : revealing the biases of existing survey indicators
Yamanaka, Shintarō; Tafgar, Aiken; Ico, Ronald - 2015
against existing survey governance indicators. …
Persistent link: https://www.econbiz.de/10011346247