Many countries in Asia and the Pacific have experienced rapid economic growth and structural transformation in recent decades. Yet, some countries are still at an early stage of this structural transformation and face external conditions less favorable than those faced by the first movers when...

Developing countries have greatly benefited from globalization, coinciding with economic growth and structural transformation. The standard trade theory postulates that trade openness contributes to poverty alleviation directly by changing factor proportions of production and indirectly through...

This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data during 1961-2018 for a panel of 90 advanced and emerging economies. We find that increases in both the young and old population shares have significantly negative effects on...

This study delves into the trade dynamics of Southeast Asian countries in response to the trade dispute between the United States (US) and the People's Republic of China (PRC). Our analysis uncovers diverse patterns of trade diversion effects among eight Southeast Asian countries, revealing...

Over the past few decades, special economic zones (SEZs) have become a widely used industrial policy tool to support structural transformation and economic development. Yet their impact on the economy remains inconclusive, especially in developing countries where the lack of data presents a...

This study investigates the relationship between minimum wage policies and educational choices, specifically the decision between vocational and general school enrollment. While higher minimum wages often attract students to vocational education as a faster route to employment, our analysis of...

Thailand has experienced a decline in income inequality coupled with unimpressive economic growth since the end of the 1997/98 Asian financial crisis. This paper uses the structuralist approach to understand how these concurrent economic phenomena have become deeply intertwined. We argue that...

During international negotiations for the Rio Earth Summit of 1992, coalitions made up of countries from the Global South took shape, only to break up gradually over time. The climate positions of two leading emerging powers, the People's Republic of China and India, have increasingly drifted...

This paper demonstrates how the estimation of economic activities and inequality for the Indian economy based on nighttime lights data from the Visible Infrared Imaging Radiometer Suite (VIIRS) satellite outperforms those obtained using traditional Defense Meteorological Satellite Program...