About Jesus Felipe

I am Advisor to the Chief Economist, in the Economic Research and Regional Cooperation Department of the Asian Development Bank (ADB), Manila, Philippines, where I have worked since 1996. My main functions are to advise ADB’s Chief Economist on development issues at large and, specifically, on their implications for both ADB’s operations and for policy dialogue with the Bank’s developing member countries; and to lead the work program on “Asia’s Economic Transformation”. I have travelled extensively throughout Asia and participated in many policy discussions with Governments and provided advice on the design of development plans.

I have held academic positions with the Hong Kong University of Science and Technology(Hong Kong, PRC) during 1995-1996, and with the Georgia Institute of Technology (Atlanta, USA), during 1999-2002 (while I was on leave from ADB). I undertook my undergraduate studies in Spain at the Universidad Autónoma de Madrid. I hold M.A. degrees from the International University of Japan and from the University of Pennsylvania, and a Ph.D. from the University of Pennsylvania.

Between 1996 and 2007, I was Economist, Senior Economist, and Principal Economist in the Economics and Research Department. There, I was involved in different projects on macroeconomics issues as well as in ADB’s annual flagship publication, Asian Development Outlook. Between 2007 and 2011, I was Principal and Lead Economist in the Central and West Asia Department. During these four years, I coordinated all economic analyses on the ex-Soviet Republics, and Pakistan. This included contributions to the Asian Development Outlook on the Central Asian economies, growth diagnostics exercises, impact evaluation analyses, and Country Partnership Strategies. I also led the design of long-term development plans for energy, transport, and urban services for Kazakhstan and Uzbekistan; and industrialization and structural change programs in Pakistan and Central Asia (the latter are transition economies, landlocked, dependent on natural resources, with problems to diversify their economic structures, and which display low scores in trade facilitation).

In 2015, I became Managing Editor of the Asian Development Review. Also, I have been a member of the Editorial Board of Metroeconomica since 2008; and belong to the International Advisory Board of Revista de Economía Crítica.

My research interests spread across areas such as long-run growth in Asia (especially the debate on the sources of growth), the dynamics of structural change, industrial policy, inclusive growth and full employment, the impact of technology on employment, productivity, technological progress, the functional distribution of income, business cycles, and the path of profit rates.

Currently, I am working on a series of projects on the so-called Middle-Income Trap, and Structural Transformation and Industrialization (see the Special Chapter on “Asia’s Economic Transformation: Where to, How, and How Fast?” in the Key Indicators of Asia and the Pacific 2013, and the Special Chapter on “Growth Amid Change” in the Asian Development Outlook 2007), and Asia’s Potential Growth.

My most recent book is entitled Development and Modern Industrial Policy in Practice: Issues and Country Experiences (Edward Elgar, 2015). Previously, I published a book on the (lack of) theoretical foundations of the aggregate production function (the aggregation problem), and implications for empirical analyses (for example in the fields of growth or employment), entitled The Aggregate Production Function and the Measurement of Technical Change: ‘Not Even Wrong’ (Edward Elgar, 2013). In 2009, I published Inclusive Growth, Full Employment and Structural Change. Implications and Policies for Developing Asia (Anthem Press, 2009). And I have also co-authored and co-edited a book entitled Labor Markets in Asia: Issues and Perspectives (Palgrave Macmillan, 2006). This book was selected in 2006 by Princeton University as one of the Noteworthy Books in Industrial Relations and Labor Economics.

I have published over 70 research articles in (among others) Applied Economics, Cambridge Journal of Economics, Eastern Economic Journal, Economics of Education Review, International Review of Applied Economics, Japan and the World Economy, Journal of Comparative Economics, Journal of Development Studies, Journal of Income Distribution, Journal of the Japanese and International Economies, Journal of Post Keynesian Economics, Metroeconomica, Oxford Development Studies, Structural Change and Economic Dynamics, and World Development.

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