Pub Date : 2024-02-26DOI: 10.1142/s011611052450001x
Xiao Tan, Ying Tan
The People’s Republic of China’s (PRC) fiscal system is characterized by very high expenditure decentralization and heavy reliance on transfers to finance public services. The government’s embrace of inclusiveness and equalization as national goals has raised questions about whether transfers can deliver equalization. This paper seeks to answer this question by analyzing newly available fiscal data compiled from government websites. We find the allocation of central transfers remains strongly region based, resulting in high intra-regional inequality among provinces. Poorer provinces also tend to retain more central transfers at their own (provincial) level. Those provinces with greater pretransfer inequality tend to exert greater equalization efforts, but these are not necessarily proportional to their pretransfer inequality. As a result, some localities are left out of the PRC’s countrywide equalization program. These equalization patterns remained highly persistent during the coronavirus disease shock in 2020. Collectively, the findings highlight that the PRC’s complex intergovernmental fiscal system still poses challenges for equalization.
{"title":"Equalization through the People’s Republic of China’s Intergovernmental Fiscal System: The Effectiveness of Central and Provincial Transfers","authors":"Xiao Tan, Ying Tan","doi":"10.1142/s011611052450001x","DOIUrl":"https://doi.org/10.1142/s011611052450001x","url":null,"abstract":"The People’s Republic of China’s (PRC) fiscal system is characterized by very high expenditure decentralization and heavy reliance on transfers to finance public services. The government’s embrace of inclusiveness and equalization as national goals has raised questions about whether transfers can deliver equalization. This paper seeks to answer this question by analyzing newly available fiscal data compiled from government websites. We find the allocation of central transfers remains strongly region based, resulting in high intra-regional inequality among provinces. Poorer provinces also tend to retain more central transfers at their own (provincial) level. Those provinces with greater pretransfer inequality tend to exert greater equalization efforts, but these are not necessarily proportional to their pretransfer inequality. As a result, some localities are left out of the PRC’s countrywide equalization program. These equalization patterns remained highly persistent during the coronavirus disease shock in 2020. Collectively, the findings highlight that the PRC’s complex intergovernmental fiscal system still poses challenges for equalization.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140430187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523500166
MD. ALAMGIR HOSSAIN, MOHAMMAD ABDUL MALEK, ZHENGFEI YU
Using 791 consistent households in the balanced panel, comprising 3,985 households in the unbalanced panel–from a nationally representative, multipurpose, five-round (1988, 2000, 2004, 2008, and 2014) Mahabub Hossain Panel Data in Bangladesh—we provide evidence for the long-term impact of different rural credit sources—which include formal banks, quasiformal microfinance institutes, and informal channels—on household welfare indicators. We find that the long-term impact of access to rural credit on a few welfare indicators is statistically insignificant and sometimes negative. This finding mostly holds when we investigate the impact of different rural credit sources separately. Our results raise a question on the progressive lending of some credit sources, especially microfinance institutes, and have implications for the introduction of nationwide credit bureaus in Bangladesh.
{"title":"Impact of Rural Credit on Household Welfare: Evidence from a Long-Term Panel in Bangladesh","authors":"MD. ALAMGIR HOSSAIN, MOHAMMAD ABDUL MALEK, ZHENGFEI YU","doi":"10.1142/s0116110523500166","DOIUrl":"https://doi.org/10.1142/s0116110523500166","url":null,"abstract":"Using 791 consistent households in the balanced panel, comprising 3,985 households in the unbalanced panel–from a nationally representative, multipurpose, five-round (1988, 2000, 2004, 2008, and 2014) Mahabub Hossain Panel Data in Bangladesh—we provide evidence for the long-term impact of different rural credit sources—which include formal banks, quasiformal microfinance institutes, and informal channels—on household welfare indicators. We find that the long-term impact of access to rural credit on a few welfare indicators is statistically insignificant and sometimes negative. This finding mostly holds when we investigate the impact of different rural credit sources separately. Our results raise a question on the progressive lending of some credit sources, especially microfinance institutes, and have implications for the introduction of nationwide credit bureaus in Bangladesh.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135735473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523500105
SUJATA BALASUBRAMANIAN
Economic theory suggests that growth may improve gender equality directly by raising women’s employment and indirectly by reducing poverty–thereby causing poorer families to discriminate less against females in intra-household allocations. This paper argues that growth in India has not substantially improved gender equality because it has not sufficiently activated either of these mechanisms. I analyze structural changes from 1982/83 to 2011/12 to show that India’s high-growth period has not been pro-poor. While female employment levels have actually declined since the 1980s, growth has not expanded remunerative employment opportunities sufficiently, even for poor males. This suggests that better-paid jobs for men—by lowering poverty—might actually have led to greater gender equality in India—by reducing poverty-linked gender discrimination. The analysis thus highlights the importance of pro-poor growth, illustrating how structural changes can shape employment, thereby altering the quality of growth and its impact on gender equality.
{"title":"Could Better Jobs for Men Have Improved Gender Equality? The Relationship between Economic Growth and Gender Equality in India","authors":"SUJATA BALASUBRAMANIAN","doi":"10.1142/s0116110523500105","DOIUrl":"https://doi.org/10.1142/s0116110523500105","url":null,"abstract":"Economic theory suggests that growth may improve gender equality directly by raising women’s employment and indirectly by reducing poverty–thereby causing poorer families to discriminate less against females in intra-household allocations. This paper argues that growth in India has not substantially improved gender equality because it has not sufficiently activated either of these mechanisms. I analyze structural changes from 1982/83 to 2011/12 to show that India’s high-growth period has not been pro-poor. While female employment levels have actually declined since the 1980s, growth has not expanded remunerative employment opportunities sufficiently, even for poor males. This suggests that better-paid jobs for men—by lowering poverty—might actually have led to greater gender equality in India—by reducing poverty-linked gender discrimination. The analysis thus highlights the importance of pro-poor growth, illustrating how structural changes can shape employment, thereby altering the quality of growth and its impact on gender equality.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135735475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523500142
SUDIP RANJAN BASU, MONICA DAS
Our paper uses a novel methodology to reexamine the relationship between financial development and economic growth in the era of sustainable development. Our empirical procedure deals with both functional-form misspecification bias as well as bias from endogenous regressors. It also provides an estimate of the growth-finance relationship for every country-year observation, allowing us to examine the relationship of interest for various country groups, using a global sample of 133 countries during 1960–2015. Our results indicate that countries with weak institutions and a smaller-than-average banking sector will reap more benefits from bank-based financial systems. The impact of financial development on economic performance has enormous policy implications for international institutions that provide policy support to countries in their pursuit of achieving the 2030 Agenda for Sustainable Development.
{"title":"Which Way to Go Now? Financing Economic Growth in the Sustainable Development Era","authors":"SUDIP RANJAN BASU, MONICA DAS","doi":"10.1142/s0116110523500142","DOIUrl":"https://doi.org/10.1142/s0116110523500142","url":null,"abstract":"Our paper uses a novel methodology to reexamine the relationship between financial development and economic growth in the era of sustainable development. Our empirical procedure deals with both functional-form misspecification bias as well as bias from endogenous regressors. It also provides an estimate of the growth-finance relationship for every country-year observation, allowing us to examine the relationship of interest for various country groups, using a global sample of 133 countries during 1960–2015. Our results indicate that countries with weak institutions and a smaller-than-average banking sector will reap more benefits from bank-based financial systems. The impact of financial development on economic performance has enormous policy implications for international institutions that provide policy support to countries in their pursuit of achieving the 2030 Agenda for Sustainable Development.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135736505","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523020018
Xin Meng
Asian Development ReviewVol. 40, No. 02, pp. 1-3 (2023) Open AccessMini Symposium: Selected Papers from AEDC 2022Xin MengXin MengAustralian National University, Australiahttps://doi.org/10.1142/S0116110523020018Cited by:0 (Source: Crossref) Next AboutSectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack CitationsRecommend to Library ShareShare onFacebookTwitterLinked InRedditEmail References Organisation for Economic Co-operation and Development (OECD). 2022. “Society at a Glance: Asia/Pacific 2022.” https://www.oecd-ilibrary.org/sites/384c9ab9-en/index.html? itemId=/content/component/384c9ab9-en (accessed 28 June 2023). Google Scholar FiguresReferencesRelatedDetails Recommended Vol. 40, No. 02 Metrics Citing Articles Via: History PDF download
亚洲发展评论卷。40, No. 02, pp. 1-3 (2023) Open AccessMini Symposium: from AEDC 2022Xin MengXin MengXin australian National University, australia . https://doi.org/10.1142/S0116110523020018Cited by:0(来源:Crossref)下一页sectionspdf /EPUB tools添加到收藏夹下载CitationsTrack citationsrecommended to Library分享分享on facebook twitter链接InRedditEmail参考资料经济合作与发展组织(OECD)2022. 《社会概览:亚太地区2022》。“https://www.oecd-ilibrary.org/sites/384c9ab9-en/index.html?itemId=/content/component/384c9ab9-en(2023年6月28日访问)。Google Scholar FiguresReferencesRelatedDetails推荐卷40,No. 02指标引用文章Via:历史PDF下载
{"title":"Mini Symposium: Selected Papers from AEDC 2022","authors":"Xin Meng","doi":"10.1142/s0116110523020018","DOIUrl":"https://doi.org/10.1142/s0116110523020018","url":null,"abstract":"Asian Development ReviewVol. 40, No. 02, pp. 1-3 (2023) Open AccessMini Symposium: Selected Papers from AEDC 2022Xin MengXin MengAustralian National University, Australiahttps://doi.org/10.1142/S0116110523020018Cited by:0 (Source: Crossref) Next AboutSectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack CitationsRecommend to Library ShareShare onFacebookTwitterLinked InRedditEmail References Organisation for Economic Co-operation and Development (OECD). 2022. “Society at a Glance: Asia/Pacific 2022.” https://www.oecd-ilibrary.org/sites/384c9ab9-en/index.html? itemId=/content/component/384c9ab9-en (accessed 28 June 2023). Google Scholar FiguresReferencesRelatedDetails Recommended Vol. 40, No. 02 Metrics Citing Articles Via: History PDF download","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135735512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523500154
NAVARAT TEMSUMRIT
This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data suggest that an increase in unfunded pension payouts and the noncontributory old-age allowance induces lower output and changes the consumption profiles of the workers. Furthermore, it reduces households’ incentives to save and provide labor, especially among formal workers, which lowers the physical capital stock in the new steady state.
{"title":"Population Aging, Pension Systems, and Economic Growth: Applying an Overlapping Generations Model to the Informal Sector","authors":"NAVARAT TEMSUMRIT","doi":"10.1142/s0116110523500154","DOIUrl":"https://doi.org/10.1142/s0116110523500154","url":null,"abstract":"This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data suggest that an increase in unfunded pension payouts and the noncontributory old-age allowance induces lower output and changes the consumption profiles of the workers. Furthermore, it reduces households’ incentives to save and provide labor, especially among formal workers, which lowers the physical capital stock in the new steady state.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135736499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523400012
DANIEL HALIM, SEAN HAMBALI, RIRIN SALWA PURNAMASARI
This paper studies the COVID-19 pandemic’s impact on Indonesia’s labor market, using the exogenous timing of the pandemic in a seasonal difference-in-differences framework. We use multiple rounds of Indonesia’s National Labor Force Survey to establish a pre-pandemic employment trend and attribute any difference from this trend to the estimated effect of the pandemic on employment outcomes. We find mixed impacts of the pandemic on Indonesia’s labor market. While the pandemic has reduced the gender gap in employment participation due to the “added worker effect” among women, it has also lowered overall employment quality among both women and men. The increase in female employment was mainly driven by women in rural areas without a high school education entering either informal agricultural employment or unpaid family work. For men, the pandemic had negative employment impacts for all subgroups. Among the employed, both women and men work fewer hours and earn lower wages.
{"title":"Not All That It Seems: Narrowing of Gender Gaps in Employment during the Onset of COVID-19 in Indonesia","authors":"DANIEL HALIM, SEAN HAMBALI, RIRIN SALWA PURNAMASARI","doi":"10.1142/s0116110523400012","DOIUrl":"https://doi.org/10.1142/s0116110523400012","url":null,"abstract":"This paper studies the COVID-19 pandemic’s impact on Indonesia’s labor market, using the exogenous timing of the pandemic in a seasonal difference-in-differences framework. We use multiple rounds of Indonesia’s National Labor Force Survey to establish a pre-pandemic employment trend and attribute any difference from this trend to the estimated effect of the pandemic on employment outcomes. We find mixed impacts of the pandemic on Indonesia’s labor market. While the pandemic has reduced the gender gap in employment participation due to the “added worker effect” among women, it has also lowered overall employment quality among both women and men. The increase in female employment was mainly driven by women in rural areas without a high school education entering either informal agricultural employment or unpaid family work. For men, the pandemic had negative employment impacts for all subgroups. Among the employed, both women and men work fewer hours and earn lower wages.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135735477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523500117
MADHABENDRA SINHA, DARIUS TIRTOSUHARTO
A dynamic between foreign direct investment (FDI) and international trade, and the level of urbanization, has been observed in many developing countries. This study seeks to fill a literature gap on the extent that FDI and international trade impact developing Asian economies through urbanization. The study explores the relationship between FDI, international trade, and urbanization in 31 developing Asian economies from 1991 to 2019, utilizing the dynamic panel model. Empirical results imply the significant effect of FDI inflows and trade openness on urbanization in developing Asia. The impact is clearly observed following the global financial crisis despite increased deglobalization. This finding supports the existence of structural changes and the transformation of economies in the region, which, among other factors, are driven by stronger global supply chains and improved logistics infrastructure in developing Asia.
{"title":"The Role of Foreign Direct Investment and Trade in Urbanization in Developing Asia: Structural Changes after the Global Financial Crisis","authors":"MADHABENDRA SINHA, DARIUS TIRTOSUHARTO","doi":"10.1142/s0116110523500117","DOIUrl":"https://doi.org/10.1142/s0116110523500117","url":null,"abstract":"A dynamic between foreign direct investment (FDI) and international trade, and the level of urbanization, has been observed in many developing countries. This study seeks to fill a literature gap on the extent that FDI and international trade impact developing Asian economies through urbanization. The study explores the relationship between FDI, international trade, and urbanization in 31 developing Asian economies from 1991 to 2019, utilizing the dynamic panel model. Empirical results imply the significant effect of FDI inflows and trade openness on urbanization in developing Asia. The impact is clearly observed following the global financial crisis despite increased deglobalization. This finding supports the existence of structural changes and the transformation of economies in the region, which, among other factors, are driven by stronger global supply chains and improved logistics infrastructure in developing Asia.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135735476","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523400048
XIN MENG
During the past 40 years, the economy of the People’s Republic of China (PRC) has achieved miraculous growth, a significant part of which many have attributed to its favorable labor supply resulting from the country’s “demographic dividend”–that is, a relatively large share of the working-age population in the total population (WAPS). Currently, this dividend is slipping away, and many in the PRC are very concerned. Against this background, I set out to examine the contributions of various dimensions of the PRC’s changing WAPS and its impact on economic growth. I show that between 1982 and 2015 the increase in WAPS was offset by a decline in the labor force participation rate, resulting in a very limited increase in the quantity of the labor supply. I then estimate the association between regional variations in economic growth and changes in factors such as population size, WAPS, migration, and education. The results lend little support to the view that an expanding WAPS played a major role in the PRC’s economic growth over this period.
{"title":"The People’s Republic of China’s 40-Year Demographic Dividend and Labor Supply: The Quantity Myth","authors":"XIN MENG","doi":"10.1142/s0116110523400048","DOIUrl":"https://doi.org/10.1142/s0116110523400048","url":null,"abstract":"During the past 40 years, the economy of the People’s Republic of China (PRC) has achieved miraculous growth, a significant part of which many have attributed to its favorable labor supply resulting from the country’s “demographic dividend”–that is, a relatively large share of the working-age population in the total population (WAPS). Currently, this dividend is slipping away, and many in the PRC are very concerned. Against this background, I set out to examine the contributions of various dimensions of the PRC’s changing WAPS and its impact on economic growth. I show that between 1982 and 2015 the increase in WAPS was offset by a decline in the labor force participation rate, resulting in a very limited increase in the quantity of the labor supply. I then estimate the association between regional variations in economic growth and changes in factors such as population size, WAPS, migration, and education. The results lend little support to the view that an expanding WAPS played a major role in the PRC’s economic growth over this period.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135736504","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1142/s0116110523500129
NGO THAI HUNG
This research examines how the digital economy, energy efficiency, and demographic transition might help Viet Nam achieve more sustainable economic development. The causal association between digitalization, the demographic dividend, energy intensity, and long-term economic development has not been thoroughly investigated yet. Therefore, this paper aims to examine the asymmetric relationship between these indicators in Viet Nam, which is recognized as an emerging economy, using the relatively novel quantile-on-quantile regression and Granger causality approaches in different quantiles. The empirical findings suggest that the asymmetric interaction between digital innovation, energy intensity, demographic change, and economic growth in Viet Nam is primarily positive, even though there are slight differences across various quantiles of the selected indicators. In addition, the outcomes of Granger causality in quantile analysis uncover that, during the sample period, a bidirectional association exists between digitalization, the demographic dividend, and economic growth, while a unidirectional causality runs from energy intensity to economic growth.
{"title":"The Effects of Digitalization, Energy Intensity, and the Demographic Dividend on Viet Nam’s Economic Sustainability Goals","authors":"NGO THAI HUNG","doi":"10.1142/s0116110523500129","DOIUrl":"https://doi.org/10.1142/s0116110523500129","url":null,"abstract":"This research examines how the digital economy, energy efficiency, and demographic transition might help Viet Nam achieve more sustainable economic development. The causal association between digitalization, the demographic dividend, energy intensity, and long-term economic development has not been thoroughly investigated yet. Therefore, this paper aims to examine the asymmetric relationship between these indicators in Viet Nam, which is recognized as an emerging economy, using the relatively novel quantile-on-quantile regression and Granger causality approaches in different quantiles. The empirical findings suggest that the asymmetric interaction between digital innovation, energy intensity, demographic change, and economic growth in Viet Nam is primarily positive, even though there are slight differences across various quantiles of the selected indicators. In addition, the outcomes of Granger causality in quantile analysis uncover that, during the sample period, a bidirectional association exists between digitalization, the demographic dividend, and economic growth, while a unidirectional causality runs from energy intensity to economic growth.","PeriodicalId":39852,"journal":{"name":"Asian Development Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135735917","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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