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Economic growth, financial development, and income inequality

Park, Donghyun; Shin, Kwanho - 2015

The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...

Persistent link: https://www.econbiz.de/10011305273

Economic growth, financial development, and income inequality

Park, Donghyun; Shin, Kwanho - In: Emerging markets finance & trade : a journal of the … 53 (2017) 10/11/12, pp. 2794-2825

Persistent link: https://www.econbiz.de/10011833393

Fiscal Policy And Growth in Developing Asia

Abdon, Arnelyn May; Estrada, Gemma Esther; Lee, Minsoo; … - 2014

In this paper we empirically explore the relationship between fiscal policy and economic growth in developing Asia. The … a significant effect on growth, as our empirical analysis shows. In line with economic theory, property taxes have a …

Persistent link: https://www.econbiz.de/10011432707

The Service Sector in Asia: Is It an Engine of Growth?

Park, Donghyun; Shin, Kwanho - 2012

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 … role of the service sector as an engine of growth in Asia. However, some Asian countries where the service sector is …

Persistent link: https://www.econbiz.de/10010507372

The service sector in lower-income Asian economies

Estrada, Gemma; Acharya, Yubraj; Batten, Aaron; … - 2013

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 some while in others the critical factors have been...

Persistent link: https://www.econbiz.de/10009781235

Human capital spending, inequality, and growth in middle-income Asia

Abrigo, Michael Ralph M.; Lee, Sang-hyop; Park, Donghyun - In: Emerging markets finance & trade : a journal of the … 54 (2018) 4/5/6, pp. 1285-1303

Persistent link: https://www.econbiz.de/10012123588

Human capital spending, inequality, and growth in middle-income Asia

Abrigo, Michael Ralph M.; Lee, Sang-hyop; Park, Donghyun - 2017

Asia's rapid population aging fortifies the case for strengthening human capital investments. Further, the experience …. Overall, our evidence points to a positive effect of human capital on growth, equity, and fiscal balance in Asia. …

Persistent link: https://www.econbiz.de/10011756551

Deflation in Asia : should the dangers be dismissed?

Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - 2016

Deflation has emerged as a new concern for Asian policy makers. The traditional view is that deflation can lead to a vicious cycle of falling demand and prices, and is thus a dangerous condition. However, another school of thought emphasizes the role of positive supply shocks and takes a more...

Persistent link: https://www.econbiz.de/10011579040

How growth deceleration in the People's Republic of China affects other Asian economies : an empirical analysis

Lee, Minsoo; Park, Donghyun; Ramayandi, Arief - 2016

Developing Asia has benefited greatly from the rise of the People’s Republic of China (PRC), primarily through the … Southeast Asia. An out-of-sample analysis to tease out the effect of slower growth in the PRC from the recent growth performance …

Persistent link: https://www.econbiz.de/10011658863

Fiscal policy and growth in developing Asia

Abdon, Arnelyn; Estrada, Gemma B.; Lee, Minsoo; Park, … - 2014

Persistent link: https://www.econbiz.de/10010463633