Financing Asia’s Growth

Gemma Estrada (), Marcus Noland, Donghyun Park and Arief Ramayandi

No 438, ADB Economics Working Paper Series from Asian Development Bank

Abstract: Recent key challenges highlight the need to revisit Asia’s financial development. These include the region’s growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region into middle-income status. The evolving shift in the region’s growth paradigm from one based primarily on investment to one based on both investment and productivity growth also underscores the urgency for financial development. For economic growth to benefit more from a sound and efficient financial system, financial development should be complemented with structural and policy reforms in other areas. This means that financial development and inclusion work best in a policy environment that is conducive to growth and development.

Keywords: economic growth; finance sector; financial development; financial inclusion; productivity (search for similar items in EconPapers)
JEL-codes: E44 G20 G28 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2015-07-01
New Economics Papers: this item is included in nep-mac and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.adb.org/publications/financing-asias-growth Full text (application/pdf)

Related works:
Working Paper: Financing Asia's Growth (2015)
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:ris:adbewp:0438

Access Statistics for this paper

More papers in ADB Economics Working Paper Series from Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines. Contact information at EDIRC.
Bibliographic data for series maintained by Orlee Velarde ().