This paper analyzes the histories of revisions of official annual real gross domestic product (GDP) growth rates for six regional members of the Asian Development Bank (ADB) - People's Republic of China; India; Indonesia; Republic of Korea; Taipei,China; and Thailand - for the period 1990–2004 as...

This paper analyzes the histories of revisions of official annual real gross domestic product (GDP) growth rates for six regional members of the Asian Development Bank (ADB) - People's Republic of China; India; Indonesia; Republic of Korea; Taipei,China; and Thailand - for the period 1990-2004 as...

This paper analyzes the histories of revisions of official annual real gross domestic product (GDP) growth rates for six regional members of the Asian Development Bank (ADB) - People's Republic of China; India; Indonesia; Republic of Korea; Taipei,China; and Thailand - for the period 1990–2004 as...

The recent decline in gross domestic product (GDP) growth in India raised a debate about whether it is a trend or a business cycle slowdown. We observe a cyclical downturn post-global financial crisis due to external and domestic conditions. With global recovery strengthening and appropriate...

Advanced economies have a significantly longer history of using fiscal policy to tackle inequality and promote inclusive growth than those in developing Asia. Therefore, as developing Asia explores the more active use of fiscal policy for inclusive purposes, it can learn from the experiences of...

This paper assesses the effects of fiscal policy on both equity and growth, specifically whether it is possible to design fiscal spending so that it enhances equity without sacrificing economic growth and vice versa. A cross-country panel vector autoregression (PVAR) using the World Development...

This paper develops a framework to assess the growth and distribution effects of fiscal resources. Resources are classified as debt, other capital receipts, foreign aid and other unilateral grants, non-tax revenue, including resource rents, seigniorage, and taxes. The framework is used to assess...

The central question addressed by this study is whether countries with above-average governance grew faster than countries with below-average governance. Using the World Bank’s worldwide governance indicators to measure governance performance, it examines whether a country with governance...