ADB Economics Working Paper Series

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256: Effects of Financial Market Imperfections on Indian Firms' Exporting Behavior

Hiro Ito and Akiko Hagiwara

255: Energy Security, Food Security, and Economics of Sugarcane Bioethanol in India

Herath Gunatilake and Piya Abeygunawardena

253: Impact of International Financial Shocks on Small Open Economies: The Case of Four ASEAN Countries

Arief Ramayandi

252: Transforming the Philippine Economy: "Walking on Two Legs"

Norio Usui

251: When are Capital Controls Effective? Evidence from Malaysia and Thailand

Juthathip Jongwanich, Maria Socorro Gochoco-Bautista and Jong-Wha Lee

250: Asia's Role in the New United States Export Economy

William E. James and Shiela Camingue

249: Cross-Border Mergers and Acquisitions and Financial Development: Evidence from Emerging Asia

Douglas H. Brooks and Juthathip Jongwanich

248: A Welfare-Based Approach to Aggregating Growth Rates across Countries

Hyun Hwa Son

247: The Rise of the Middle Class in the People's Republic of China

Zhang Yuan, Guanghua Wan and Niny Khor

246: Updating 2005 Purchasing Power Parities to 2009 in the Asia and Pacific Region: Methodology and Empirical Results

Yuri Dikhanov, Chellam Palanyandy and Eileen Capilit

245: The Role of the Middle Class in Economic Development: What Do Cross-Country Data Show?

Natalie Chun, Rana Hasan and Mehmet Ulubasoglu

244: Climate Change and Agricultural Interregional Trade Flows in the People's Republic of China

Tun Lin, Xiaoyun Liu, Guanghua Wan, Xian Xin and Yongsheng Zhang

243: Impacts of Climate Change on the People's Republic of China's Grain Output - Regional and Crop Perspective

Tun Lin, Xiaoyun Liu, Guanghua Wan, Xian Xin and Yongsheng Zhang

242: The Global Economic Crisis and Trade and Growth Prospects in East Asia

Yılmaz Akyüz

241: Asian Trade Flows: Trends, Patterns, and Projections

Prema-chandra Athukorala

240: Physical Capital Accumulation in Asia-12: Past Trends and Future Projection

Etsuro Shioji and Vu Tuan Khai

239: Services Liberalization and Wage Inequality in the Philippines

Glenita Amoranto, Douglas H. Brooks and Natalie Chun

238: Monetary Policy Discipline and Macroeconomic Performance: The Case of Indonesia

Arief Ramayandi and Aleli Rosario

237: Private Sector Participation and Performance of Urban Water Utilities in the People's Republic of China

Yi Jiang and Xiaoting Zheng

236: A Survey on the Relationship between Education and Growth with Implications for Developing Asia

Yong Jin Kim and Akiko Hagiwara

235: Drivers of Developing Asia's Growth: Past and Future

Donghyun Park and Jungsoo Park

234: Trade and Income in Asia: Panel Data Evidence from Instrumental Variable Regression

Benno Ferrarini

233: Financial Development and Economic Growth in Developing Asia

Gemma Estrada, Donghyun Park and Arief Ramayandi

232: Macroeconomic Effects from Government Purchases and Taxes

Robert Barro and Charles J. Redlick

231: Infrastructure and Growth in Developing Asia

Stephane Straub and Akiko Terada-Hagiwara

230: A Multi-Factor Measure for Cross-Market Liquidity Commonality

Jian-Xin Wang

229: Who are the Middle Class and What Values do They Hold? Evidence from the World Values Survey

Glenita Amoranto, Natalie Chun and Anil Deolalikar

228: Determinants and Long-term Projections of Saving Rates in Developing Asia

Charles Horioka and Akiko Terada-Hagiwara

227: Projection of Long-Term Total Factor Productivity Growth for 12 Asian Economies

Jungsoo Park

226: Asian FTAs: Trends, Prospects, and Challenges

Masahiro Kawai and Ganeshan Wignaraja

225: Human Capital Development

Hyun H. Son

224: How Effective are Capital Controls in Asia?

Maria Socorro Gochoco-Bautista, Juthathip Jongwanich and Jong-Wha Lee

223: The Role of Fiscal Policy in Rebalancing Developing Asia's Growth

Donghyun Park

222: Fiscal Policy and Crowding Out in Developing Asia

Seok-Kyun Hur, Sushanta Mallick and Donghyun Park

221: How Can Food Subsidies Work Better? Answers from India and the Philippines

Shikha Jha and Bharat Ramaswami

220: Economic Growth in Asia: Determinants and Prospects

Jong-Wha Lee and Kiseok Hong

219: Impact of Labor Market Institutions on Unemployment: Results from a Global Panel

Paul Vandenberg

218: Past and Future of the Labor Force in Emerging Asian Economies

Jinyoung Kim

217: Middle Class Size in the Past, Present, and Future: A Description of Trends in Asia

Natalie Chun

216: Human Capital Accumulation in Emerging Asia, 1970–2030

Jong-Wha Lee and Ruth Francisco

215: Did Fiscal Stimulus Lift Developing Asia out of the Global Crisis? A Preliminary Empirical Investigation

Seok-Kyun Hur, Shikha Jha, Donghyun Park and Pilipinas Quising

214: Toward a Harmonious Countryside: The People's Republic of China's Rural Development Survey Results

Tun Lin

213: The Distribution of Firm Size in India: What Can Survey Data Tell Us?

Rana Hasan and Karl Robert L. Jandoc

212: Productivity Growth across the World, 1991-2003

Sangho Kim, Donghyun Park and Jong-Ho Park

211: Effectiveness of Countercyclical Fiscal Policy: Time-Series Evidence from Developing Asia

Shikha Jha, Sushanta Mallick, Donghyun Park and Pilipinas Quising

210: Capital Flows and Real Exchange Rates in Emerging Asian Countries

Juthathip Jongwanich

209: Closing Development Gaps: Challenges and Policy

Douglas H. Brooks, Rana Hasan, Jong-Wha Lee, Hyun H. Son and Juzhong Zhuang

208: The Evolution and Impact of Asian Exchange Rate Regimes

Ramkishen Rajan

207: The Evolving Postcrisis World

Stephen Grenville

206: Monetary Policy and Financial Stability: Is Inflation Targeting Passe?

Takatoshi Ito