The Role of Fiscal Policy in Rebalancing Developing Asia's Growth
Additional contact information
Donghyun Park: Asian Development Bank
No 223, ADB Economics Working Paper Series from Asian Development Bank
Rebalancing growth toward domestic demand has emerged as a key postcrisis challenge for sustaining developing Asia’s rapid growth in the medium and long term. The central objective of this paper is to explore the role of fiscal policy in the region’s rebalancing process. What matters most for rebalancing are specific fiscal measures tailored to each country’s unique circumstances. In this context, the paper examines the potential contribution of fiscal policy to rebalancing growth in the People’s Republic of China, the Republic of Korea, the Philippines, and Singapore. As expected, the nature of fiscal measures that can promote rebalancing differs substantially across the four countries and depends on the nature of the rebalancing process in each country.
Keywords: Fiscal policy; rebalancing; Asia (search for similar items in EconPapers)
JEL-codes: E62 O40 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:ris:adbewp:0223
Access Statistics for this paper
More papers in ADB Economics Working Paper Series from Asian Development Bank
Contact information at EDIRC.
Series data maintained by Maria Susan M. Torres ().