A large empirical literature finds that financial development is beneficial for economic growth, although some recent evidence suggests otherwise. The paper contributes to the finance–growth literatur...
On Oct 19, 2018 |
This paper develops an environmental dynamic stochastic general equilibrium (E-DSGE) model with heterogeneous production sectors. In particular, the model comprises some low-carbon emission firms that...
On Oct 19, 2018 |
This brief report documents facts of financial innovation in Asia and the Pacific that include: • Fintech redefines a specific sector at the intersection of financial services and technology sectors....
On Oct 09, 2018 |
National regulatory agencies (NRAs) are the gatekeepers of the supply chain of medical products such as pharmaceuticals and medical devices. It is through registration with an NRA that a manufacturer...
On Oct 09, 2018 |
A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such pra...
On Oct 04, 2018 |
Lack of access to reliable information on environmental exposure limits opportunities for risk avoiding behavior, particularly in developing countries. Private markets could potentially play a role in...
On Oct 04, 2018 |
Surface irrigation is a common pool resource characterized by asymmetric appropriation opportunities across upstream and downstream water users. Large canal systems are also predominantly state-manage...
On Oct 04, 2018 |
This Policy Note assesses the extent to which the products of the Philippines and Taiwan compete with or complement each other using the Balassa revealed comparative advantage (RCA) index and other tr...
On Oct 03, 2018 |
The paper highlights the importance of the design of the fiscal features of the federal system of government in ensuring that the potential benefits from its adoption are realized. The economic litera...
On Oct 03, 2018 |
This paper overcomes the constraint and provides some preliminary outcomes from a novel dataset that the authors compile at the sectoral level (10 sectors) for 53 countries, including 20 developing co...
On Oct 01, 2018 |