Institution

The Role of SMEs in Asia and Their Difficulties in Accessing Finance

Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 96% of all Asian businesses, providing two out of three private-sector jobs on the continent. Th...

Institution: Asian Development Bank Institute

Section: Working Papers

by Naoyuki Yoshino | On 28 Dec 2019

Industrialization of Developing Countries in a Multicountry, Multisector Capital Accumulation Model

This paper shows that industrialization of developing countries, defined as start of production of investment goods, happens when their share in global production exceeds the global demand for consump...

Institution: Asian Development Bank Institute

Section: Working Papers

by Tadateru Hayashi | On 27 Dec 2019

Macroprudential Policy in Asian Economies

This paper analyzes the conduct and effects of macroprudential policy in 11 Asian economies. Of these, India, the People’s Republic of China, and the Republic of Korea frequently used loan-to-value ra...

Institution: Asian Development Bank Institute

Section: Working Papers

by Soyoung Kim | On 16 Apr 2019

Big Data-Based Peer-to-Peer Lending Fintech: Surveillance System through Utilization of Google Play Review

Peer-to-peer lending (P2PL) FinTech is growing rapidly in Indonesia. With its flexibility and simplicity, P2PL reduces the gap in financing that cannot be fulfilled by banks. However, the rapid develo...

Institution: Asian Development Bank Institute

Section: Working Papers

by Nika Pranata | On 12 Apr 2019

Adverse Selection and Credit Certificates: Evidence from a P2P Platform

Certificates are widely used as a signaling mechanism to mitigate adverse selection when information is asymmetric. To reduce information asymmetry between lenders and borrowers, Chinese peer-to-peer...

Institution: Asian Development Bank Institute

Section: Working Papers

by Maggie Rong Hu | On 11 Apr 2019

New Technology and Emerging Occupations: Evidence from Asia

This paper investigates the emergence of new occupations by comparing various classifications of occupations and predicting probabilities to access them given workers’ characteristics. Systematic comp...

Institution: Asian Development Bank Institute

Section: Working Papers

by Sameer Khatiwada | On 11 Apr 2019

When do regulatory interventions work?

Previous studies find mixed results about how a fee on high order-to-trade (OTR) ratios impacts market quality. Using a natural experiment where such a fee was introduced twice for different reasons,...

Institution: Indira Gandhi Institute of Development Research, Mumbai

Section: Working Papers

by Nidhi Aggarwal | On 01 Apr 2019

News, Noise and Indian Business Cycle

New Keynesian Dynamic Stochastic General Equilibrium (DSGE) models with various specifications of technology, markup and interest rate shocks are estimated with Indian data using Kalman filter based p...

Institution: Indira Gandhi Institute of Development Research, Mumbai

Section: Working Papers

by Ashima Goyal | On 01 Apr 2019

Sri Lanka’s Macroeconomic Challenges: A Tale of Two Deficits

The paper provides a narrative of Sri Lanka’s history of twin deficits, examines macroeconomic performance from the lens of twin deficits, and discusses the policies adopted to address macroeconomic i...

Institution: Asian Development Bank Institute

Section: Working Papers

by Dushni Weerakoon | On 28 Mar 2019

The Rise of the People’s Republic of China and its Competition Effects on Innovation in Japan

This paper empirically examines the “defensive innovation” hypothesis that firms with higher exposure to low-wage economy import competition intensively undertake more innovative activity by using a h...

Institution: Asian Development Bank Institute

Section: Working Papers

by Nobuaki Yamashita | On 28 Mar 2019
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