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"Examines why Asia needs inclusive growth, what policy ingredients an inclusive growth strategy entails, and how such a strategy can lead to benefits of growth being more equitably shared."--Publisher's description

Asia's rapid economic growth has led to a significant reduction in extreme poverty, but accompanied by rising inequality. This book deals with three questions: What have been the trends of inequality in Asia and the Pacific? What are the key drivers of rising inequality in the region? How should Asian countries respond to the rising inequality? Technological change, globalization, and market-oriented reform have been the key drivers of Asia's remarkable growth and poverty reduction, but they have also had significant distribution consequences. These three drivers of growth cannot be hindered b

Cover -- Title -- Copyright -- Table of Contents -- List of Figures -- List of Tables -- Preface -- Acknowledgements -- Notes on the Contributors -- List of Abbreviations and Acronyms -- Introduction -- PART I INDUSTRIAL RESTRUCTURING AND ENTERPRISE REFORM -- 1 Reorganizing Amid Turbulence: China's Large-scale Industry -- 2 Capital irms, Public Enterprises: Ownership Reform and Privatization of Chinese State-Owned Enterprises -- 3 inancial Discipline in the Enterprise Sector in Transition Countries:How does China Compare? -- 4 Impact o Reorms on Wages and Employment Determination in Chinese State-Owned Enterprises, 1986-91 -- 5 Reform of china's Energy Sector: Slow Progress to an Uncertain Goal -- PART II THE RURAL SECTOR: AGRICULTURE AND INDUSTRY -- 6 Agriculture's Role in Economic Development: The Case of China -- 7 Property Rights and New Commercial Organization: A Comparison of Agricultural Reform in china and Russia -- 8 Employment, Enterprise and Inequality in Rural China -- 9 China's Grain Economy and Trade Policy -- 10 The Economic Behaviour of China's Grain Producers in Transition -- 11 Labour Productivity in Rural Industry Exports: A Cross-sectional analysis -- PART III MODELLING TRANSITION AND STRUCTURAL CHANGE -- 12 On Macro-modelling of Transitional Economies, with Special Reference to the Case of China -- 13 Structural Changes in Employment and Investment in China: 1985-94 -- 14 Economic Reforms and the Stability of Long-run Demand or Money in China: Some Results from Co-integration Tests -- 15 Is There Any Stable Long-Run Eqilibrium Relationship between Aggregate Consumption and Income in China? -- Index.

This paper estimates fiscal multipliers using quarterly data for a panel of nine developing Asian economies, following a vector autoregression model specification, but using local projections to extract the impulse responses. We provide evidence that the 4-quarter and 8-quarter cumulative multipliers for general government spending range between 0.73 and 0.88 in baseline estimations, in line with recently reported estimates for developed countries but larger than those for developing countries. We also find that the corresponding tax multipliers range between -0.41 and -0.62, significantly smaller than recently reported estimates for developed countries but larger than those for developing countries. These results suggest that, without the stimulus measures introduced by countries around the world since the start of the COVID-19 pandemic, the global economy would have suffered even greater output loss. This paper also shows evidence that an economy's structural and transitory characteristics can affect the size of fiscal multipliers. Economies that are less open to trade, have a lower level of debt, adopt a less flexible exchange rate, or maintain accommodative monetary policy have larger spending multipliers than those that are more open to trade, have a higher debt level, adopt a more flexible exchange rate, and maintain contractionary monetary policy. However, the business cycle appears to have little effect on the size of spending multipliers. We also find that the economies with a less flexible exchange rate have larger tax multipliers. But other structural and transitory characteristics appear to not have the expected effects on tax multipliers.

The central question addressed by this study is whether countries with above-average governance grew faster than countries with below-average governance. Using the World Bank's worldwide governance indicators to measure governance performance, it examines whether a country with governance "surplus" in a given base year (1998) grew faster on average in a subsequent period (1998- 2011) than a country with governance "deficit." Governance is defined in several dimensions, including government effectiveness, political stability, control of corruption and regulatory quality, voice and accountability, and rule of law. The study finds that government effectiveness, political stability, control of corruption and regulatory quality all have a more significant positive impact on country growth performance than voice and accountability and rule of law. Developing Asian countries with a surplus in government effectiveness, regulatory quality and corruption control are observed to grow faster than those with a deficit in these indicators - up to 2 percentage points annually, while Middle East and North African countries with a surplus in political stability, government effectiveness, and corruption control are observed to grow faster than those with a deficit in these indicators by as much as 2.5 percentage points annually. Good governance is associated with both a higher level of per capita GDP as well as higher rates of GDP growth over time. This suggests that good governance, while important in and of itself, can also help in improving a country's economic prospects.

'Diagnosing the Indonesian Economy: Toward Inclusive and Green Growth' analyzes the critical development constraints facing the country, and proposes policy options to help overcome these constraints and set the country on a path of high and sustained inclusive economic growth in the medium term

Vol. 1: A consolidated report. / Juzhong Zhuang ... - VII,93 S. : 11 Tab., Lit. S. 89-93, Lit.Hinw. - ISBN 971-561-295-4.; Vol. 2: Country studies. / Juzhong Zhuang ... XIII,277 S. : Lit.Hinw. - ISBN 971-561-323-3