This paper analyzes the growth impact of public and private investment shocks based on a large sample of emerging and developing countries over the period 1980-2021 with a particular focus on the Asian region. We develop new measures of investment shocks based on cyclically adjusted investment...

Amid a shifting global energy landscape driven by concerns about climate change and fossil fuel depletion, there is a heightened need to move toward sustainable energy sources. Although there has been a significant increase in investments in renewable energy (RE) globally, there is still a...

This study investigated environmental, social, and governance (ESG) performance and its financial impacts across 38 economies from 2013 to 2022, with a special focus on firms in Asia. The main findings are as follows. First, notable disparities in ESG assessments were found across major rating...

We delineate metropolitan areas (MAs) in the Philippines using cellphone user flow data to proxy for daily commutes. The exercise identifies a number of large MAs that are not officially recognized, and different spatial extents for the three officially designated MAs. The urban system aligns...

This paper empirically examines the impact of public debt shocks on output and inflation in 34 emerging market economies (EMEs) using panel local projections over the period 2000 to 2022. The estimated results show that real gross domestic product (GDP) falls significantly after an unanticipated...

By gathering and analyzing the textual information in eXtensible Business Reporting Language format from the annual securities reports of around 3,800 Japanese listed companies from 2013 to 2023, this study aims to uncover the trend of Japanese corporate environmental, social, and governance...

The population of developing Asia, in particular East Asia, is aging. Funding the needs of its growing population of older adults is the biggest socioeconomic challenge that aging presents for the region. The central objective of our paper is to analyze empirically how individuals fund their...

We study the influence of social norms in determining the impact of early life exposure to the Great Chinese Famine of 1959-1961 on gender inequality. We model how social norms interact with adverse shocks to affect male and female survival chances and influence subsequent human capital...

This paper explores the mitigating effects of climate policies in addressing climate-induced health adversities. We first investigate the effect of in utero exposure to rainfall variations on child health outcomes in Bangladesh and find that in utero exposure to rainfall variations negatively...

We use data from two separate randomized control trials to examine whether career mentoring influences the educational preferences and career choices of Bhutanese students in grades 10 and 12. These mentoring programs provide information on technical and vocational education and training (TVET)...