EconPapers    
Economics at your fingertips  
 

Policy scenarios to build forward better in Asia and the Pacific

Dawn Holland and Vatcharin Sirimaneetham

No WP/21/08, MPDD Working Paper Series from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: Based on a newly developed macroeconomic model for Asia and the Pacific, this paper examines the socio-economic and environmental implications of an illustrative policy package that helps the region build forward better from the COVID-19 pandemic. Comprising of policy actions to provide basic social services, close the digital divide and strengthen climate and energy actions, this paper demonstrates that such a package not only raises economy-wide productivity but also reduces poverty and income inequality and cuts carbon emissions to a notable extent in the long run. This paper also examines public debt sustainability under different scenarios and stress tests. Given the large fiscal needs to build forward better and combat the pandemic, the simulation results show that debt vulnerability may rise steeply in the region’s less developed economies.

Keywords: macroeconomic modelling; public debt sustainability; sustainable development (search for similar items in EconPapers)
JEL-codes: C54 H68 Q01 (search for similar items in EconPapers)
Date: 2021-12
New Economics Papers: this item is included in nep-sea
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.unescap.org/kp/2021/working-paper-poli ... ter-asia-and-pacific
Our link check indicates that this URL is bad, the error code is: 400 Bad Request

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unt:wpmpdd:wp/21/08

Access Statistics for this paper

More papers in MPDD Working Paper Series from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Contact information at EDIRC.
Bibliographic data for series maintained by Macroeconomic Policy and Development Division, ESCAP (escap-mpdd@un.org this e-mail address is bad, please contact repec@repec.org).

 
Page updated 2025-02-13
Handle: RePEc:unt:wpmpdd:wp/21/08