give rise to a silver dividend that contributes to economic growth (ADB 2019). While the demographic dividend refers to the … sources of growth in an aging society. Extending Lee and Shin (2021) to include developing countries, we examine the potential … for a silver dividend by investigating the channels through which population aging affects economic growth. We find that …

We investigate the conditions under which tax revenues can enhance economic growth. Using a newly constructed dataset … consisting of 135 economies and spanning the period 1990-2019, we study how changes in tax revenues impact economic growth using … a panel vector autoregression (PVAR) model. Tax revenues have a persistent positive impact on growth, and the …

demand and growth. As a result, the collapse of exports to the US and other industrialized countries during the global … financial and economic crisis has sharply curtailed gross domestic product (GDP) growth across the region. The emergence of the … an additional source of demand and growth. The central objective of this paper is to use vector autoregression (VAR …

prospects as an engine of growth. Our analysis resoundingly confirms the conventional wisdom of an underperforming service …

This paper seeks to analyze the factors affecting the growth of enterprises in the Philippines, as measured from the … in 2009, we correlate the observed growth of these firms with reported constraints in the business environment within … 2009, more than a third of these firms expanded their payroll and majority saw growth in real sales. Amidst a sea of …

The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing … Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this … paper is to empirically analyze the prospects for the service sector as a future engine of growth. Our analysis of 12 Asian …

In the past 10 years, the service sector has been a significant contributor to overall economic growth in Bangladesh …, Cambodia, Nepal, Papua New Guinea, Uzbekistan, and Viet Nam. Sector growth has been supported by strong industrial growth in … investments. In order to increase the labor productivity of the sector and realize its potential to contribute to inclusive growth …

jobs needed. There is no policy leading to inclusive growth, and multiple, uncoordinated governing bodies adversely affect … the growth of the sector. Many regulations are outdated, and there are restrictions and barriers on foreign direct … investment. While India is among the top 10 World Trade Organization members in service exports and imports, the growth and …

principal engine for economic growth, as the share of the service sector in gross domestic product has exceeded that of the … industry sector since the mid-1980s. Three major opportunities for leveraging service sector growth stands out. One is …