Recent U.S.-China tensions have raised the specter of technological decoupling. This paper examines the impact of U.S. export restrictions and technology licensing on Chinese firms’ innovation...
This paper studies the effect of bank ownership on product innovation by borrowing firms, highlighting the role of the state, foreign, and combined foreign-state bank ownership. It uses Enterprise Survey...
Developing East Asia has undergone a dramatic transformation over the past few decades thanks to a combination of policies that fostered outward-oriented and labor-intensive growth, investments in basic...
The authors examine job creation, job destruction, and net employment growth across 53 developing and emerging economies during the COVID-19 pandemic. Our evidence draws on survey responses from 27,000...
The paper studies the relationship between innovation efforts, innovation outputs, and productivity, using firm-level data from six East Asian countries. Firms are more likely to invest in innovation ...
This paper analyzes the relationship between financial structure and innovation. Analysis of cross-country micro data over 2009–18 shows that a firm’s financial sources matter for the choice to innovate...
This report seeks to deepen policy makers’ understanding of the critical role for innovation in the future growth and development of developing East Asia. To achieve this, the report examines the region’s...
Firms in the East Asia and Pacific (EAP) region have been hit hard by the COVID-19 (coronavirus) pandemic, with dramatic and widespread falls in sales and employment. Firm sales in some EAP countries...
This report seeks to deepen policy makers’ understanding of the critical role for innovation in the future growth and development of developing East Asia. To achieve this, the report examines the region’s...
This paper examines within-sector resource misallocation in three Southeast Asian countries -- Indonesia, Malaysia, and Vietnam. The methodology accounts for measurement error in revenues and costs...
COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. ...
This paper examines the impacts of U.S.-China trade tensions via the lens of East Asian stock markets. Studying 10 indices of the main East Asian stock markets, it finds that announcements of "trade ...
This paper examines whether political connections ease financial constraints faced by firms. Using firm-level data from six Central and Eastern European economies, the paper shows that politically connected...
Romania needs to make important decisions on smart metering implementation but has yet to conduct an up-to-date cost-benefit analysis that fully measures the economic impacts of this radical change...
Since the approval of the Common Rules for the Internal Market in Electricity Directive (2009/72/EC) in 2009, all member states of the European Union (EU) have been attempting to assess the impacts...
The report aims to provide information about the current EMR regulations in Romania, relevant standards, and their appropriate implementation and to identify gaps and limitations. It documents the evidence ...
The assessment of the EMR system across the different EMR centers in Romania shows that: (i) the regulation in force is not properly implemented due to insufficient or inappropriate mechanisms, and...
How do high-growth firms affect the rest of the economy? This paper explores this question using Hungarian administrative microdata. It finds evidence of stronger productivity growth for firms supplying...
Over the past decades, East Asia and Pacific's productivity has been gradually catching up with the frontier (the United States), with China leading the pack. Productivity growth has been driven by...
Romania has not suffered the productivity slowdown and decline that affected most of EU15. In the aftermath of the Global Financial Crisis the country experienced growth in labor productivity, which ...